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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Revealing the fate of the Chinese deal in Iraq.. It was disrupted by this party

    Rocky
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    Revealing the fate of the Chinese deal in Iraq.. It was disrupted by this party Empty Revealing the fate of the Chinese deal in Iraq.. It was disrupted by this party

    Post by Rocky Sun 24 Nov 2024, 5:00 am

    Revealing the fate of the Chinese deal in Iraq.. It was disrupted by this party

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    Economy News - Baghdad
    [rtl]The Diplomat Network revealed the fate of the so-called "Chinese deal" under the Belt and Road Initiative launched by China to invest in Africa and the Middle East, confirming that the deal was "deliberately disrupted" by local Iraqi officials. [/rtl]
    The network explained that some influential officials in the Iraqi government have begun to view with "concern" the increase in Chinese influence inside Iraq to unprecedented levels, stressing that "some Iraqi officials are concerned about the increased reliance on foreign investments to build Iraqi infrastructure, which weakens Iraq's ability to make its strategic decisions." 
    She continued: "The Iraqi government, like the rest of the Middle Eastern countries, is trying to maintain a difficult balance in its relations with the West and the East, in addition to maintaining its ability to make its strategic decisions with complete sovereignty, which may conflict with the presence of significant foreign influence on the Iraqi infrastructure sector internally," according to her description. 
    The network also confirmed that the United States of America also views the growing Chinese influence in Iraq with another "concern", explaining that the United States has spent about 90 billion dollars on Iraq since 2003, and thus has great influence on the Iraqi strategic decision and therefore opposes the growing Chinese influence inside Iraq, which is a competitor to its influence. 
    The Diplomat pointed out that the Chinese deal, which was concluded in 2019, included China rebuilding the infrastructure in Iraq with an investment of up to 10 billion US dollars, and in return the Iraqi government committed to giving China 100,000 barrels of oil per day for free for twenty years, which some local leaders in Iraq see as the country’s heavy reliance on China to implement and operate infrastructure projects, which leads to giving China influence over Iraqi strategic decisions, according to the statement.
    It is noteworthy that Chinese officials confirmed to the network that the deal has been temporarily suspended due to the position of Iraqi officials, as some of them confirmed that China will try to “provide assurances” to the Iraqi government during the coming period to begin implementing the deal, which the network described as “controversial” in Iraq.


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