An Agreement to Reduce Iraq's Debt to China
بغداد – الصباح BAGHDAD - morning
And Baghdad, and Beijing signed the Convention on the debt reduction resulting from Chinese companies in Iraq. Foreign Ministry statement said that Fadel Nabi Othman, Deputy Minister of Finance such as the government in the signing ceremony,
In and signed by the Chinese side, secretary of the Companies Committee creditor of Iraq, the presence of officials of the Ministries of Foreign Affairs and Development and Reform Commission and Ministry of Finance and the Central Bank of China and representatives of Chinese companies creditors. It should be noted that the signing of this Agreement and under which they were to write off 80 percent of the debt of Chinese companies to Iraq was the basis of notes Understanding that was signed during the visit of President Jalal Talabani to China in June 2007 and the culmination of the efforts made by the parties to close this file once. During the signing ceremony, said Undersecretary of the Ministry of Finance said the government was ready to implement its obligations under the Convention as well as to facilitate the entry of Chinese companies in reconstruction projects , expressing optimism about the future of bilateral relations, especially since the two countries of tremendous tremendous potential, consistent service and common interests.
He also secretary of the Companies Committee creditor of Iraq expressed optimism that the signing would open the door wide to enter the Chinese companies to contribute to the reconstruction of infrastructure of the Iraqi economy and the development and diversification resources, and will also be a major turning point in the process of bilateral relations in all fields.
alsabah
*** Iraq, China Sign Deal to Write off 80% of Debts ...
