Iraq's trade exchange with China surpasses $55 billion
In a statement to the state news agency (INA) during his visit to Najaf province, Haifeng said that the two countries' relations are going through significant phases because they have achieved remarkable accomplishments since the strategic partnership agreement was signed ten years ago.
Highlighting his country's support for Iraq's unity, sovereignty, and territorial integrity, the Chinese diplomat mentioned that the leaders' visits have increased political trust between the two countries.
In terms of economic development, Haifeng noted that bilateral cooperation has produced positive outcomes, with the two countries' trade volume exceeding $55 billion in 2024.
Chinese companies have been heavily involved in the oil industry and in significant infrastructure projects, such as the construction of major bridges and schools, with more than 600 schools completed in various Iraqi provinces, according to Haifeng.
Haifeng noted that Chinese businesses continue to support Iraq in increasing its production of crude oil along with the utilization of associated gas, helping the country become self-sufficient in gas.
Chinese investments in Iraq are also expanding quickly, particularly in the areas of infrastructure and energy.
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