Iraq will join the “Belt and Road” infrastructure investment project signed by China, the Chinese premier announced in Beijing on Monday.
Prime Minister of Iraq, Adel Abdel Mahdi made the announcement in a meeting with Chinese President Xi Jinping during a state visit.
Chinese President said that the two countries would cooperate on oil and infrastructure projects.
According to the state news agency, trade last year between China and Iraq was more than $30 billion.
“Iraq has gone through war and civil strife and is grateful to China for its valuable support,” and “Iraq is willing to work together in the ´One Belt, One Road´ framework,” said Mahdi.
“China would like, from a new starting point together with Iraq, to push forward the China-Iraq strategic partnership,” said Xi.
Beijing is Baghdad´s biggest trade partner, while Iraq is China´s second-biggest oil supplier.
The Belt and Road Initiative is a massive global network of ports, railways, roads and industrial parks spanning Asia, Africa, the Middle East, and Europe, which will see trillions invested in new infrastructure.
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