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Agreement Between Iraq And China

The Shiite majority could be strong enough to get the deal through parliament without the help of other blocs, as was the case when it ratified in December the decision to force Baghdad to end the troop deal with Washington. However, the implementation of this decision will depend on the next government, which will have to face other difficult and complex challenges, such as preparing for early elections, the discourse of controversial political blocs and the implementation of protesters` demands in central and southern Iraq. Baghdad – Iraq`s pro-government Shiite blocs say an economic deal signed in September between outgoing Prime Minister Adel Abdul Mahdi and China is linked to mass public protests that began in October. [9] Jack Detsch, „U.S. Pushes Iraq to Integrate Iranian-Backed PMU Militias After Attacks,“ Al-Monitor, September 30, 2019,; Nancy Ezzidine and Erwin Van Veen, „Who`s Afraid of Iraq`s Hashd,“ War on the Rocks, September 10, 2019,; and Ali Mamouri: „Who is behind the explosions of PMU militias in Iraq? Al-Monitor, August 23, 2019, The second scenario is the failure to implement the agreement. This scenario assumes that the current political conditions in Iraq prevent the implementation of the agreement in the manner intended, in particular because of several considerations, including: in short, the agreement as it was concluded by Mr. Mazhar Mohamed Saleh, economic adviser to Adel Abdul Mahdi, after the debate it triggered between the political forces, The media and public opinion, has degenerated, is a $10 billion Chinese loan, payable by depositing the revenues of 100,000 barrels of crude oil exports from Iraq to China in a special account with a Chinese bank. The value of these revenues is about 2 billion $US per year, at current prices, estimated at 55$US per barrel.

The contract has a duration of 20 years. As a general rule, the agreement is free of sanctions and falls under the friendship agreements. In the event of a dispute, the parties to the agreement may reveal themselves to international arbitration bodies. In addition, the agreement may be extended if the Iraqi side so wishes. The agreement has several elements, including: Iraq has taken the first steps to implement this agreement by opening bank accounts and a Chinese delegation will visit Iraq in the coming days to learn about strategic projects such as the cable car and Nasiriyah International Airport and reach an agreement on their implementation. Muhammad Abdullah al-Kharbit, a Sunni MP and businessman, called the Iraq-China deal „the worst deal in history.“ This position is seen as reflecting the opinion of the coalition of the „Sunni“ Iraqi armed forces, led by Parliament Speaker Muhammad al-Halbousi. It is also interesting to note that the chair of the parliament`s energy committee, Haybat al-Halbousi, and a member of the coalition asked the government to send a copy of the agreement to parliament in mid-January, as a debate over its content intensifies. [3] Majda Muhsen, „Iraq signs eight agreements with China,“ Zawya, September 30, 2019, On a trip to China, former Iraqi Prime Minister Adel Abdul Mahdi led a high-level delegation made up of most of his cabinet and about 14 of the country`s 18 governors. Abdul Mahdi was very interested in promoting the deal as the first of his plans to revive the Iraqi economy.

In addition, the government has made the deal a major media concern by proposing that the deal create investments of more than $500 billion. . . .