Advisor to the Prime Minister announces a platform for Iraqi and Chinese businessmen, 26 NOV

Advisor to the Prime Minister announces a platform for Iraqi and Chinese businessmen

Economy News-Baghdad

Advisor to the Prime Minister for Investment Affairs and Executive Director of the Iraq Fund for Development, Mohammed Al-Najjar, outlined on Saturday the importance of the relationship between Iraq and China, while announcing a platform for Iraqi and Chinese businessmen.

Al-Najjar said, during the founding ceremony of the Iraqi-Chinese Business Council, under the auspices of Prime Minister Mohammed Shia Al-Sudani, that "China was characterized by several qualities, including that it is the only country that was able to save 400 million people from the poverty line within 20 years, and this is a great experience that everyone must benefit from, and the second characteristic is its transition from a communist economy under the state by 100% to a real common economy that has become productive."

He added: "The third characteristic, which is very important as it relates to the experience gained by China through 4,000 years of civilization, which is how to develop a team capable of managing the variables of the state," noting that "Iraq looks at China as a friend and as a country that shared its concerns at a stage that abandoned a lot of it."

He continued: "We seek to learn a lot from China regarding how to change the framework and systems of the state," noting that "China has a principle called special economic zones, and this is an experience that must be used in Iraq to change our economic reality."

He pointed out that "China's GDP in 1979 did not exceed 120 billion, but today China is the second largest economy in the world through 40 years of changes that have occurred not only on a political basis, but on an economic and political basis at the same time," expressing his hope to "start a new phase of the relationship with China."

He stressed that "renewed trade and industrial projects between Iraq and China," pointing out that "the Iraqi-Chinese Business Council will be a platform for businessmen of the two countries."