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Launching the activities of the second international forum "Belt and Road" in China

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Launching the activities of the second international forum "Belt and Road" in China Empty Launching the activities of the second international forum "Belt and Road" in China

Post by claud39 on Fri Apr 26, 2019 1:15 pm

Launching the activities of the second international forum "Belt and Road" in China


Launching the activities of the second international forum "Belt and Road" in China %D8%A7%D9%84%D8%B5%D9%8A%D9%86-696x522


The second international forum "The Belt and the Road" began in the Chinese capital of Beijing on Thursday with the attendance of delegations from 110 countries. 
The International Forum "Belt and Road" is held with the participation of five thousand foreigners in 12 sections and for three days at the Chinese National Dialogue Center in the capital of Beijing. 
According to the media center of the Belt Forum and the Second Way of International Cooperation, 40 heads of state and about 120 foreigners from different countries participate in the forum's activities.Ending / 25

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Launching the activities of the second international forum "Belt and Road" in China Empty Chinese president makes reassuring promises at New Silk Roads Summit

Post by claud39 on Fri Apr 26, 2019 1:20 pm

[size=30][ltr]Chinese president makes reassuring promises at New Silk Roads Summit[/ltr][/size]

26 April 2019

Launching the activities of the second international forum "Belt and Road" in China 07528840

Chinese President Xi Jinping speaks at the opening of the New Silk Roads Summit (EPA)

[ltr]Beijing: Middle East Online[/ltr]

[ltr]Chinese President Xi Jinping said here Friday that he supports "transparent" and "viable" projects of the countries involved in the "New Silk Road" initiative. In a speech to the heads of about 37 countries and governments and representatives of some 60 other countries, Shi promised "zero tolerance" for any corruption in the project, which faces charges of non-transparency. 

The Chinese president was speaking at the opening of the second summit of the "New Silk Road" in Beijing, which aims to build infrastructure in developing countries needed in Asia, Europe and Africa. But his critics accuse him of encouraging, above all, China-based companies and setting up a "debt trap" for countries benefiting from loans granted by Chinese banks. 

"Everything must be done transparently and we should never tolerate corruption," Xi Jinping said. He said Beijing wanted to promote environmental projects, while some plans under its initiative for dams and coal-fired power stations face charges of damaging the environment. 

The Chinese president pledged to strengthen intellectual property protection measures and curb unnecessary forced transfer of technology, referring to international companies that have to operate in China through a local partner. 

Among those attending the meeting were Russian President Vladimir Putin, Egyptian President Abdel Fattah al-Sisi and Italian Prime Minister Giuseppe Conte, whose country joined the initiative last month and became the first member of the Group of Seven to take the move. Greek Prime Minister Alexis Tsipras and Swiss President Oli Morer will also attend the meeting. 

But most Western European countries wary of the Chinese project have only sent ministers, while Washington has not sent any official. The Chinese president has certainly responded by saying that "the new Silk Road" is not a "club" for some. 

Since its launch in 2013, China has invested 80 billion euros in various projects, while Chinese banks have provided loans ranging from 175 billion to 265 billion dollars, said Chinese official in charge of the program Qiao Wiming.[/ltr]

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Launching the activities of the second international forum "Belt and Road" in China Empty 62 milliards de dollars américains dans "One Belt, One Way"

Post by claud39 on Sat Apr 27, 2019 12:09 pm

[size=36]US $ 62 billion in "One Belt, One Way"[/size]


Launching the activities of the second international forum "Belt and Road" in China 122742019_5cc432c295a597656a8b462c

Reuters) - Chinese President Xi Jinping has announced that more than 62 billion dollars worth of projects have been signed in Beijing. 
"The event was attended by many representatives of international companies and on the sidelines of the forum, signed agreements worth more than $ 62 billion," Shi said at the final press conference of the forum. 
The Chinese leader did not name the companies and countries that signed the agreements, nor the economic areas to invest in.  
The "One Belt, One Way" forum was launched in Beijing on the 25th of this month in the presence of leaders and leaders of 37 countries, including Russian President Vladimir Putin, while the forum will continue until the 27th of the month.

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Launching the activities of the second international forum "Belt and Road" in China Empty Chinese foreign policy takes the road of silk

Post by claud39 on Sat Apr 27, 2019 12:33 pm

[size=70]Chinese foreign policy takes the road of silk[/size]
Frederic Martel -March 29, 2015 at 1:39 pm

[size=31]China wants to recreate a "Silk Road" between Asia and Europe. It will build thousands of bridges, roads, railways and ports across Central Asia and the Middle East. 40 billion dollars of investments have just been released. Is it an economic or diplomatic weapon? Commercial expansionism? Is it a new Marshall plan or a mirage?[/size]

Launching the activities of the second international forum "Belt and Road" in China Road_0

Hong Kong (China), New Delhi (India)

How to boost the economy while strengthening a political influence? How to help Southeast Asia and, at the same time, curb the American and Indian influence? How to do something new with old? Beijing has found the solution: the new Silk Road.

The project has been imagined for several years. Chinese President Xi Jinping officially launched it in September 2013 during a visit to Kazakhstan. Since then, the Central Committee of the Communist Party has made it one of its priorities. And in early March 2015, Chinese Premier Li Keqiang announced the creation of "Silk Road Company Ltd", the private investment fund that will carry the project. He also detailed its magnitude, giving the figure: 40 billion dollars! More than the disproportionate investment and the Chinese dream, what is striking is the name of the project. An effective communication plan. A logo. A brand. A new road of silk!

"For China, it is a strategic plan that aims to reorient its geopolitics towards the interior of the continent, especially towards Central Asia and Europe, rather than towards the East and its Pacific coast. It is also a project to thwart Russian and American influences in the region. It's kind of like a new Chinese diplomacy, which we can call "institutional realism," which is about building new infrastructure abroad to influence global politics [color:bb99=rgba(0, 0, 0, 0)], " says Simon Shen, director of the Global Studies Program. , interviewed at the Chinese University of Hong Kong.

The official name of the project is: "One belt, one road" (a belt, a road). But everyone has the code name: "New Silk Road" or the "New Silk Road". Nothing less.

[size=52]The Silk Road or the symbol of a mythical China[/size]

The Silk Road must be imagined in the plural. Historically, there have been several.

Mythical symbol of the East, these were the different paths taken by traders to transit goods from Asia to Europe, since ancient times.

Launching the activities of the second international forum "Belt and Road" in China 640px-Transasia_trade_routes_1stC_CE_gr2
The main silk roads between 500 BC J.-C. and 500 AD J. - C. (in Latin) via Wikipedia

The orthodox version presents it as a decision of a Chinese emperor of the Han dynasty, before our era, who sent his emissary to Europe, a route re-borrowed since by all Eastern merchants. With its caravans of spices, Persian carpets, precious stones, fabrics and silk first, the route was taken by the Romans as well as by the Ottomans, by the Arabs and the Indians, among many peoples. A real caravanserai!

With nearly 6,500 kilometers, the road starts from the east of China (the country it crosses for nearly 4,000 kilometers), before branching off to countries now called India, or Pakistan, Afghanistan, Iran, Iraq, Syria, to join the Mediterranean. The lines vary according to the empires.

There is not a single road of silk; there are as many as there are times. The writer Pierre Loti, among others, described his fairy tales, his bazaars and vertigo. For the road crosses wars, borders, and physical boundaries - and for starters it crosses the Himalayas.

[size=52]The two new silk routes[/size]

Beijing has chosen to revive today two silk roads. The first will be terrestrial. Its course remains in debate, but it should leave the Chinese province of Xinjiang (which has many ethnic tensions ), reach Kazakhstan, Central Asia, northern Iran, Iraq, Syria, Turkey and from there, reach Europe. The route would continue in Bulgaria, Romania, the Czech Republic and Germany, before joining - we do not know how - Venice. All a symbol.

This new Silk Road will consist of thousands of bridges, railroads, railway stations and pipelines linking East to West.

More or less avowed, one of the objectives of this route is to reintegrate Afghanistan, Pakistan, Iraq, Central Asia - and eventually Iran - into the global trading economy by rebuilding countless infrastructures, defective for years of tensionClearly, succeed with the economy where the Americans have failed with the military.

Officially, however , Washington approves of an initiative that would pass through Afghanistan and Pakistan, because it would reintroduce trade and peace, into an area threatening regional security.

But unofficially, Americans have understood that this "new Silk Road" was intended to thwart their own multilateral treaty of free economic exchange, called TPP (Trans-Pacific Partnership, or TTP). They now say they are ready, in order to strengthen the economic ties of Central Asia and the Middle East, to extend this treaty and even to facilitate the entry of Afghanistan and Kazakhstan into the World Trade Organization. One way to respond to the Silk Road.

Increased trade and clear trading borders are for both Chinese and Americans a way to control the transit of arms and drugs. In the background, Central Asia's vast energy resources, including oil and gas, are also targeted.

The second Silk Road, called "21st Century Maritime Silk Road" will take the seas.

China has rarely been a great maritime power, but it is trying its luck. From Asia to Europe, the route would depart from the major ports of the China Sea (in particular Guangzhou / Canton), follow Thailand and Vietnam, Malaysia, cross Singapore and follow Indonesia, before join, via the Indian Ocean, Sri Lanka, then the Red Sea, the Gulf, and finally the Suez Canal and the Mediterranean. Another route could be detoured by Africa, especially Kenya.

The two roads, that of the seas and that of the lands, would meet in Venice.

The map published on the website of the official agency of China's new national propaganda

China plans to invest heavily in container ports - the alpha and omega of global shipping now. And it plans to secure this sea route to fight piracy off the coast of Africa. "The project is aimed at securing China's supplies , "said a diplomat based in New Delhi.

Suddenly, the Chinese project evolves. At the mercy of international crises and political changes, he proposes to include - or not - Sri Lanka and Afghanistan, the risk of crossing conflicting Muslim countries. In any case, it is a question of circumventing the Himalayas and-perhaps-India.

[size=52]Bypass India or trade with it[/size]

The new Silk Road is a more complex project than it seems. More modern too.

It is primarily an expansionist project that does not say its name. By the road as by the "belt" maritime, he bypasses India, the great rival hated. What has not escaped anyone in New Delhi, where the obsession with the old story of "China encircling India" remains strong.

"China will have to abandon its expansionist state of mind , " warned Narendra Modi during the election campaign last year. If, having become Prime Minister, the same Modi moderated his speech, he has nevertheless just made a historic visit to the Indian Ocean to strengthen ties with Mauritius, the Seychelles and especially Sri Lanka (no head of government Indian had not visited this country for 28 years).

India is determined not to abandon the Indian Ocean to the Chinese. She plans to revive her own "Spice Route". "This is Modi's project, but for the moment it is only cultural and tourist," commented Faizal Khan, a journalist in New Delhi.

The threats have been analyzed; but the opportunities too. Hence a more ambivalent position of India on this new "Silk Road".

Jairam Ramesh, the former Indian Minister of Environment, and a key figure of the Congress Party, tells me in New Delhi:

"We are looking at this new silk route with suspicion. If it's economical and to secure shipping, that's fine. But if it's a way to impose Chinese hegemony, the Indians will not be fooled. "

Still, India needs China's expertise to build infrastructure. It depends largely on her for products and goods, as well as for hardware. "The Chinese have a surplus of liquidity, they must invest it. In India, we have expressed our reservations. But I think eventually we will end up joining the Silk Road, " says Prem Ja, a renowned Indian editorialist.

Beyond the relationship with India, it is about creating a kind of single market in Asia, reducing tariff barriers, tariffs, by multiplying the working facilities for the Chinese labor force. abroad. Basically: facilitating the crossing of borders by the economy. A multilateral trade agreement (the Asian-Pacific Free Trade Area) should complement the strategy. It is, as it were, seen from Beijing, the establishment of a genuine OMC with an Asian face.

For China, whose heavy infrastructure production is saturated at home, it is a means of deploying large-scale know-how throughout Eurasia and using large investment capacities. The Chinese Prime Minister has just said that the Silk Road Fund, private, would operate according to the rules of the market and would aim at profitability.

It is also a banking project. The new silk route will be backed by the new Asian investment bank that Beijing has just launched with around twenty other countries (Asian Investment Bank for Infrastructure, or AIIB ). India has chosen to join this bank, as the United Kingdom.

In the long term, do the Chinese hope to erect their currency, the yuan, in the currency of reference for the countries of the Silk Road? It's possible. We know that the renminbi is already heavily used in Mongolia and Kazakhstan, for example.

[size=52]Environment, cultural influence and telecommunications[/size]

To stick to the time, the project of new silk road is also ecological. The Chinese insist on the "green" dimension of their silk roads and aim to actively participate in future climate conferences with strong arguments that they will present in Paris in December at Cop 21, the climate conference.

"The" green "dimension of the project is put forward by China but no one is fooled. It's just communication, " relativizes a diplomat stationed in New Delhi.

For their part, the Americans are ready to finance more than 1,000 regional power grids, for $ 1.6 billion in investments, and modern hydroelectric power plants, as part of this new silk route.

Finally, the new Silk Road is a project of cultural influence, communication and the Internet: a weapon of soft power.

"The new Silk Road aims to rely on Chinese hard power to feed the country's influence and soft power. But, for now, nothing has been announced on the cultural side, in addition to the construction of railways and the sale of products. Eventually, it is possible that this project generates animosity locally, when investments and Chinese products will land, out of any local concern and without social responsibility, " said Simon Shen (interviewed in Hong Kong).

Telecommunications is one of the project's priorities. The Guangzhou-based supplier Huawei is on the line and is planning to expand into Central Asia and the Middle East through the prism of the Silk Road. Like China's telecoms and digital competitors, he hopes to get on the train and build infrastructure in all countries along the Silk Road. Connectivity will not be limited to land and sea: it will also be in the air with waves and the cloud.

On paper, the new Silk Road thus appears as a clever project coupled with a frighteningly effective communication policy. Combining the economy with influence, ecology and telecommunications is great art. The change in Chinese strategy, long focused on internal growth, which would open up to continental investments, is also relevant. However, the project appears so catchy all, bringing together Russia and Africa, that it becomes incoherent because of too much wanting to embrace.

Some point to the nostalgic nature of Chinese leaders who dream of returning to an age before Western domination and American power. Is it realistic? It's to do. The most skeptical add that the very expression "Silk Road" is a modern invention. And a Western invention!

In the end, the art of the Chinese will have been to find a good slogan for a disjointed foreign economic policy. And which is being built little by little, on the seas as on the land, without necessarily having a course or coherence, to the vagaries of ideas and diplomatic alliances. After the recent announcement of the Prime Minister, China must make its project known in detail, in the form of a communist document called "Blueprint", before the end of 2015.

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Launching the activities of the second international forum "Belt and Road" in China Empty Re: Launching the activities of the second international forum "Belt and Road" in China

Post by claud39 on Sat Apr 27, 2019 12:48 pm

[size=52]InfraAsia - AIIB approves 13 new members[/size]
Published on 2017 M03 29

Launching the activities of the second international forum "Belt and Road" in China 0?e=1561593600&v=beta&t=dGBZ96RM8q6Gbm9snUarQyFWB8rDXya1woqncDg5XQU

Tommy WongFollow

Relationship Manager - Mergermarke

23 Mar 2017 | Darren Wee
The Asian Infrastructure Investment Bank (AIIB) has approved 13 new members, which will expand the Beijing-based multilateral development bank's membership from 57 to 70.
The new members include five regional prospective members - Afghanistan, Armenia, Fiji, Hong Kong and Timor Leste - along with Belgium, Canada, Ethiopia, Hungary, Ireland, Peru, Sudan and Venezuela.
This is the first time that the AIIB has approved new applicants since its launch in January 2016.
The 13 prospective members will officially join the AIIB once they ratify the bank's articles of agreement domestically and make the first installment of their capital contribution.
The new members will pay USD 579.5m combined over five years, around 0.6% of the bank's capital base. The agreement also includes the option to increase the new members' shareholdings in the future (see table below).
The largest shareholders among the new batch of members will be Canada, Hong Kong and Belgium.
According to the AIIB's articles of agreement, the bank's 57 founding members were allocated 600 founding member votes each. The new members will not be entitled to these.
At the bank's first annual meeting in July last year, AIIB President Jin Liqun said 24 non-member countries had expressed interest in joining the bank and had attended as observers.
Other potential new members at that time included: Chile and Colombia in Latin America; Algeria, Iraq, Libya, Nigeria and Senegal in Africa and the Middle East; and Cyprus, Czech Republic, Greece and Romania in Europe.
"The interest in joining AIIB from around the world affirms the rapid progress we have made to establish the bank as an international institution," Jin said in a statement today (23 March).
"I am very proud that AIIB now has members from almost every continent, and we anticipate further applications being considered by our board of governors later this year."
The AIIB has approved USD 1.73bn of loans to nine infrastructure projects in seven countries, including Pakistan, Bangladesh, Tajikistan, Indonesia, Myanmar, Azerbaijan and Oman.
Another 11 projects have been proposed by member countries.
Launching the activities of the second international forum "Belt and Road" in China 0?e=1561593600&v=beta&t=G8xpe51kPRvxyp9nMYxytd6JpxdQP5CxxZoJZkSbZR8

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Launching the activities of the second international forum "Belt and Road" in China Empty Parliament resumes its sessions Wednesday by voting and reading six bills

Post by claud39 on Sat Apr 27, 2019 12:53 pm

[rtl]Parliament resumes its sessions Wednesday by voting and reading six bills[/rtl]


Launching the activities of the second international forum "Belt and Road" in China Story_img_5caafc1ade828

[rtl](Baghdad: Al-Furat News) The House of Representatives will resume its regular sessions on Wednesday.[/rtl]

[rtl]The agenda of the session includes "voting on the draft financial management bill, the first reading of the draft law of the media and communications authority, the first reading of the draft law of the Supreme Iraqi Maritime Authority, and the first reading of the draft law of accession of the Republic of 
 to the agreement of the Asian Investment Bank for infrastructure." 
It also includes the report and discussion of the draft industrial cities law, and the report and discussion of the draft law of the first amendment to the Integrity Commission Act No. 30 of 2011. 
The session begins at 1 pm.[/rtl]

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Launching the activities of the second international forum "Belt and Road" in China Empty Chinese Silk Road and its Impact on Iraq

Post by claud39 on Thu May 02, 2019 7:11 am

Chinese Silk Road and its Impact on Iraq

4 hours ago

Launching the activities of the second international forum "Belt and Road" in China 5ccaa3f5d398b

In 2013, China announced its initiative to establish the New Silk Road, a network of ports and railways linking around 65 countries around the world.
To understand its impact on the Iraqi economy, it is necessary to know a quick introduction to this project, its causes, and maps!
Several explanations have been put forward, to identify the underlying causes of this China initiative, probably two reasons.
External reason: US naval fleets control the world's waterways, threatening to close Chinese corridors (energy and trade) in the event of military tensions (see the waterway map of the Pakistani port of Gwadar)
Second, the internal reason: the government aims to support the domestic and western areas of China, with low growth.
To understand the two reasons above go back to the maps a bit.
The east of the country is China's trade gateway with the world, where labor and capital are concentrated, reflected in high growth rates, while western regions such as Xinjiang province, Xinjiang, suffer from slow economic growth.
Traditionally, goods are transported from all parts of China to the eastern ports for export, with the arrival in the Middle East and Europe 60 days. According to the map, the vessels will proceed according to the following sequence: (East China Sea ports - South China Sea - Malacca Strait - Gulf of Aden - Suez Canal - ending in the Mediterranean Sea and Aruba). (See map of traditional passages)
So the Chinese economy has a lot of costs and risks because of the sea corridor.
What alternative?
This initiative will solve the dilemma (cost and risk) faced by the Chinese economy, where a network of roads that pass through friendly countries will be built, dividing the network into two main tracks:
The northern route: which aims to reach Europe from the west of China in the following sequence: (Kazakhstan, Russia, Belarus, Poland, Germany, France), this way could shorten the time from 60 days to 18 days! (See Northern Route Map).
Second: The southern route: which also starts from the Chinese west and passes through the countries (Uzbekistan, Kyrgyzstan, Tajikistan, Iran, Iraq, Syria, Turkey)
The other part of the southern route, and perhaps the most important in the Chinese strategy, is the route of the port of Gwadar in Pakistan. See the map of the Gwadar path of Pakistan. In addition to its role in trade with the Gulf, it will transport the oil of the Arabian Gulf, which accounts for 40% , This route will shorten 70% of the time, cost and away from the eyes of the US Navy.


The main tracks of the Silk Road project:
1 Northern route will cover Russia and northern Europe.
2 Southern route will cover Central Asia, Iran, Turkey, Iraq and Syria.
3 The route of Gwadar Port, which will cover the Gulf countries, in addition to bringing the distance of China to Europe!


These giant projects will need funding and capital to create the necessary infrastructure, especially as the countries that will follow these routes are often countries with modest growth rates. China has established several investment banks, including the Asian Investment Bank, Join him, to obtain the necessary funding for the construction of railways and infrastructure necessary to take advantage of the treasures and blessings of the Chinese dragon.
What are the potential risks of funding that the Iraqi government intends to obtain?
What are the positive and negative effects of the Chinese project on the Iraqi economy ?!
This is what we will talk about in a subsequent article, after this brief introduction on the basics of the Chinese silk project.

Love and borrowing

The enthusiasm of the Chinese road project can be seen as a gamble rather than a calculation. The reason for their enthusiasm and impulse are assumptions rather than figures, and until the enthusiasts have proved their view of calculations and figures, it is wise to adopt the pessimists' view of the project.
In general, Iraq faces two problems: (borrowing risks, economic challenges)
First: Borrowing Risks:
As the former Iraqi government has declared, the team of enthusiasts continues to seek funding from the Asian Investment Bank to build and develop Iraqi railways.
The country faces three sequential risks, resulting from Iraq borrowing from the Asian Investment Bank to develop its railway structure:
1 Risk of corruption: In a country that occupies advanced ranks in the ladder of administrative corruption! The government's completion of projects according to the required specifications is questionable - the government - which has failed to accomplish dozens of simple projects such as street paving. Therefore, there are many doubts about the efficiency of implementation, calculations and expenses, of course if this is actually accomplished.
2 - Low risk returns: The team of enthusiasts believes that the financial returns of the project will be high, and here they answer the following questions:
The first question: Will Chinese trade pass through Iraq? Where competitors are betting that Iraq - and as historically - is the point of the east to the west, intersect and meet the corridors of world trade, and this will be a large amount of money on Iraq; and from the reality of maps in the previous article, we saw the opposite: Chinese goods will not have to pass During Iraq to reach the West, this may reduce the returns of the project that is reliable in repaying its loans!
The second question: Will China's trade pass revenues be sufficient to repay the loans and their benefits? Chinese trade and goods may actually pass through Iraq, but will Iraq be allowed to collect customs duties on goods passing through its territory ?! The economic rationale says that China's goal of financing this project is to facilitate and reduce the costs of transit of its trade, and will often have its own requirements for charging fees Customs on their goods through Iraqi territory!
So we need to know (the amount of goods that will pass, and the amount of revenue that will be generated, as a result of the passage of these goods through Iraq?) To judge the bet of the enthusiasts.
3. The risk of non-payment: The basis is that the Chinese lender will bear the loss if the Iraqi borrower fails to repay its loans.
This project can be excellent and provide real opportunities and not deceptive to the Iraqi economy, if able to provide enthusiasts:
- Guarantees about the completion of the project, and efficiently.
- Accounts that show that the project will be profitable and generate returns that cover its costs.
In the case of the failure of enthusiasts to answer the above questions, the alternative would be better and less risky for Iraq's finances and economy and sovereignty, to open the way for companies, whether Iraqi or foreign, to invest and build the rail network across Iraq, and thus the government can ensure that these companies Will bear the risk of borrowing and the risk of misperceptions, and that these projects will not only pay the costs of their establishment, but will be profitable and sustainable and employ thousands of individuals.

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Launching the activities of the second international forum "Belt and Road" in China Empty Chinese Ambassador: Iraq's entry into the "Silk Road" can achieve five important axes

Post by claud39 on Mon May 06, 2019 7:43 am

Chinese Ambassador: Iraq's entry into the "Silk Road" can achieve five important axes


Launching the activities of the second international forum "Belt and Road" in China 14985

The Iraqi 

ambassador to Iraq, Zhang Tao, said that Iraq is one of the first Arab countries to follow the project of the belt and the road, noting that his participation in the Silk Road will enable him to achieve five important axes. 

In an interview with the official newspaper Al-Sabah, Al-Sabah said that the first axis concerns the "coordination of policies. For example, Iraq signed an agreement in this field with China, through which we can progress in various fields, In infrastructure, in this area, China is keen to help Iraq build infrastructure according to the belt and road, and will not be linked to facilities on the sea and land, but extends to the Internet.

He pointed out that "China is now an electronic trading interdependence with 17 countries, and I see the need for Iraq to participate in this important new economic facility, which is the« belt road in the Internet ». 

"The third is the continuation of business between Iraq and China, and on the FAO port project, the Chinese side is contacting to establish a zone for economic cooperation."

He added that "the fourth is the circulation of funds, and we have established two institutions, the first is the Asian Bank for infrastructure investments, capital will reach 100 billion dollars, and to participate so far 90 countries, and see the need to participate and join Iraq, and China welcomes the accession of Iraq in this bank, There are 26 projects in the management of this bank, the size of the projects exceeds 4 billion and 200 million dollars. The second is the Silk Road Fund. The capital of this project will exceed 40 billion dollars. It focuses on the implementation of 19 projects and each government can apply to join Projects ".

The Chinese ambassador said that the fifth axis "is the understanding of the people, and the importance of strengthening communication and exchange, which helps the acquaintance of different peoples, and we believe that Iraq enjoys a very important strategic location, especially in the project belt and roads, and see the importance of activating cooperation in these areas, Practical cooperation between the two countries is in a very good stage. "

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Launching the activities of the second international forum "Belt and Road" in China Empty Iraq keen to join China’s Belt and Road Initiative

Post by claud39 on Tue Jun 18, 2019 9:43 am

Iraq keen to join China’s Belt and Road Initiative

18th June 2019 

Launching the activities of the second international forum "Belt and Road" in China ScreenHunter-4317-623x346

18th June 2019 in Construction & Engineering In IraqInvestmentIraq Banking & Finance NewsIraq Industry & Trade NewsIraq Transportation News

By John Lee.
Iraq’s Minister of Transport, Abdullah Luaibi [Abdul Allah al-Leibi], has said that Iraq is actively seeking to join China’s Belt and Road Initiative [“One Belt, One Road (OBOR)“].
In statements on Monday, the Ministry confirmed that the Minister met with China’s Ambassador to Iraq, Zhang Tao, to discuss the plan.
It added that Iraq wants to accelerate the process of joining the Asian Infrastructure Investment Bank (AIIB).
(Source: Ministry of Transport)

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