Thursday, September 3, 2009

ZUBEIDI DEMANDING CHINA EXTINGUISH DEBT OWED BY IRAQ

2009-09-02

Zubeidi demanding Mutaivi China to extinguish the debt owed by Iraq

BAGHDAD (Iba) .. asked Finance Minister Baqir Jabr Al-Zubaidi Mutaivi China to extinguish the debt owed by Iraq.

He stressed to accelerate the signing of the Convention on the schedule remaining 20%.

A source at the ministry said in a statement received by the independent press (Iba) on Wednesday that the invitation came during a meeting with al-Zubaidi, China's ambassador in Baghdad, "Chang" today in Baghdad.

He was reviewed during the meeting economic and financial relations between the two countries and efforts to strengthen the prospects of cooperation in the areas of investment and construction of oil and electricity sectors and rehabilitate the infrastructure as well as to strengthen economic relations.

The source explained that al-Zubaidi stressed the importance of putting the debt on Iraq and China, which amount to approximately 8,5 billion dollars after the signing of a memorandum of understanding included extinguishing debt with the rest of Iraq's desire to initiate the Chinese government to put out 100% of debts Like the United States of America and the United Arab Emirates and Cyprus.

The source confirmed the importance of China's role in the reconstruction of Iraq in all industrial and agricultural sectors, which will be reflected positively on the future of these relations.

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