"Tidbits From TNT" Thursday Morning 6-15-2023
TNT:
Tishwash: Economist: Iraq finds its interest in joining the Chinese Silk Road
The economist, Safwan Qusay, explained the importance of the multiplicity of land and sea routes for transporting goods and commodities between Asia and the European Union through Iraq and the countries of the region.
Qusai told Al-Maalouma, that "Iraq is looking for its interest with all existing partners from other countries, as the presence of an economic power such as China and its desire to cross goods towards the European Union through Iraq and the Silk Road is an important matter, in addition to that it supports the possibility of investing in the path of development.” In linking the Gulf countries overlooking the Arabian, Red and Gulf seas with the waters of the Mediterranean.
He added, "The Silk Road represents an alliance of ports that can contribute to increasing the economic power of the countries of the region when they and Iraq have views of the water and link through land roads at the level of three continents."
And he indicated that "the sea ports and associated land roads in the region will make the supplier have options to transport his goods quickly through the development road or other land routes, or he may not need this speed and go towards sea transport in the event." that the goods are not foodstuffs that are not damaged by long storage.” link
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Tishwash: Iraq receives "requests" from European and African countries to participate in the path of development
Adviser to the Prime Minister for Transportation Affairs Nasser al-Asadi confirmed, on Wednesday, that Iraq had received requests from countries in the continents of Asia, Europe and Africa to participate in the development road project.
Al-Asadi said, "The meeting of the technical committees that was held today with the participation of 10 countries is the first step to determine how the project will proceed, and there will be bilateral discussions between delegations and the competent authorities in Iraq to determine priorities for work."
He added, "Participation priorities will also be determined as the basic basis for launching the project, and many details will be studied, including determining the percentage of participation of each country in the path of development."
He continued, "The delegations of the countries that attended today confirmed the desire of their governments to participate, including China, and we received requests from Gulf, Asian, European and African countries on the basis of what was presented at the Development Road Conference held on May 27," according to the official agency link
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Tishwash: Al-Sudani: Iraq is qualified to be an attractive environment for the private sector and foreign companies
Prime Minister Muhammad Shia al-Sudani affirmed today, Wednesday, that Iraq is qualified to be an attractive environment for the private sector and foreign companies.
The media office of the Prime Minister stated in a statement that, "Prime Minister Muhammad Shia' al-Sudani received today, Wednesday, a delegation of the Iraqi-American Business Council headed by the President of the Council, Vice President of the American Chamber of Commerce for Middle East Affairs, Steve Lotus."
And the Prime Minister stated, according to the statement, that "Iraq is qualified to be an attractive environment for the private sector and foreign companies," stressing that "the government has taken a series of decisions to simplify procedures for investors, and work to address problems in this field."
He added, "Iraq enjoys security, political and social stability, and it is qualified today more than ever to be an attractive environment for investment and foreign companies," pointing out that "Iraq has a real opportunity for success, and there is no alternative to peaceful coexistence and support for the state and its institutions."
Al-Sudani explained, "The Iraqi experience does not exist in the region at the level of local and parliamentary electoral representation, and it indicates the vitality of the democratic system," noting that "the government is aware of the size of the heavy legacy that began since the eighties war and caused negative effects in most sectors. priorities in its program that it works to achieve.
He continued, "Iraq cannot remain dependent on oil, as the world is heading today to oil alternatives that will be ready after 2028, and that countries of the world are spending billions of dollars for oil alternatives, especially after the war in Ukraine, and oil-dependent countries must prepare for alternatives."
The Prime Minister stated, "Iraq possesses natural resources that have not been invested, and it is qualified to be an agricultural and industrial country due to its strategic location, stressing that the private sector is our true partner to achieve our vision, reduce time and find solutions to problems."
As Al-Sudani explained, "We started investing in the burned gas sector, which costs us $4 billion annually," stressing that "the Total agreement is one of the most important gas investment agreements and the development of oil fields, which will provide half of our gas needs."
He continued, "There are contracts with Chinese and Emirati companies that will provide us with half of the gas we import, and we are preparing to announce the sixth round of gas fields, which is happening for the first time in Iraq, in terms of natural gas investment."
The statement concluded, that the Prime Minister stressed that "investing in these projects will provide us with important financial returns that will be employed in various sectors, and we will avoid the climatic effects resulting from the burning of gas, and Iraq is keen on the presence of American companies in Iraq," explaining, "The Ministerial Council of Economy has representatives from The private sector participates with the government in formulating decisions and procedures that will facilitate the work of investors in Iraq. link
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