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 Iraqi president visiting China, the Chinese promises to cut Iraqi debt 

 Source : AP | Reuters | Agencies
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Iraqi president visiting China, the Chinese promises to cut Iraqi debt  21.6.2007
Rewritten by eKurd.net staff




Talabani can't thank China for Iraq's liberation. China promises to cut Iraqi debt

June 21, 2007


Beijing, -- China on Thursday -- China promised Thursday to wipe off some of the eight billion dollars owed to it by Iraq, as Iraqi President Jalal Talabani held landmark talks with his Chinese counterpart Hu Jintao in Beijing.

"We would like to reduce the debt by a large margin," Chinese foreign ministry spokesman Qin Gang told reporters.

Qin refused to put a figure on any debt reduction, referring only to a 50 million yuan (6.6 million dollars) cancellation that China announced in May and saying that it wanted to further help the war-torn country.

"China has all along supported and participated in the reconstruction process of Iraq, we have made constructive efforts including providing aid," Qin told reporters.

"We are ready to participate in the reconstruction of Iraq, we hope Iraq can realise security, stability and development at an early date."

Talabani said before his trip -- the first visit to China by an Iraqi head of state since the two countries established diplomatic ties in 1958 -- that he wanted to get as much of the eight-billion-dollar debt cancelled as possible.

Talabani told Hu in Beijing that he welcomed China's friendship and saw its development as an inspiration for the war-torn country.

"We are happy to see China's great development in all areas over the last 50 years," he told reporters, during a brief appearance with both men's wives in front of the Great Hall of the People.

"In Iraq we look on the achievements of China as an achievement for people seeking freedom and independence throughout the world."

Hu said Talabani's trip showed the commitment of Iraq to improving ties between the two nations.

"Your visit here shows that the new Iraqi government wants to develop China-Iraqi friendship. I hope we can develop our relationship and the questions that interest both our countries," Hu said.

A delegation representing seven Iraqi ministries, including finance, interior and oil, is accompanying Talabani. 

Iraqi President Jalal Talabani, left, walks with Chinese President Hu Jintao during a welcome ceremony in Beijing's Tiananmen Square Thursday June 21, 2007 Talabani arrived Wednesday. AP


Iraqi President Jalal Talabani, left, walks with Chinese President Hu Jintao during a welcome ceremony in Beijing's Tiananmen Square Thursday June 21, 2007. Talabani arrived Wednesday. AP

They will also visit northern China's ancient city of Xian and Nanjing, the capital of eastern Jiangsu province.

China wants to resurrect oil supply agreements signed with the previous regime of executed Iraqi dictator Saddam Hussein and develop an oil field in southeast Iraq.

Beijing loaned the roughly eight billion dollars to Iraq when it was ruled by the ex-dictator.

Before arriving in Beijing, Talabani told journalists that he wanted to convince China to cancel $8bn of Iraqi debt.

"This visit will also involve the signing of agreements in the economic and cultural fields," he said.

China's foreign ministry has previously said that education and health co-operation deals would also be signed.

That seems to be the message so far in China's state media surrounding a visit this week by Iraqi President Jalal Talabani.

Coverage has steered well clear of the violent conflict wracking his nation, instead highlighting the potential for Chinese investment in Iraqi oil, cultural exchanges and trade.

The official Xinhua News Agency even made careful reference to Talabani's endorsement of Beijing' view that Taiwan is part of Chinese territory, an issue utterly removed from Iraq's desperate need for internal stability.

"As an old friend of the Chinese people, I hope that during my presidential tenure I can do my part to promote bilateral relations, which is the goal of my visit as well as a big wish in my life," Xinhua quoted Talabani as saying in an interview conducted ahead of the visit, which formally began on Thursday.

Talabani was to meet with Chinese President Hu Jintao later on Thursday, but it wasn't clear if the two would discuss the Iraq conflict.

In one passing reference to the violence, Xinhua did cite Talabani saying Iraq's government was making "great efforts to restore security and stability in order to attract foreign investment," but offered no specifics.

The decision to avoid war references may reflect China's ambivalent attitude toward the U.S.-led 2003 liberation of Iraq.

China, a veto-wielding permanent member of the United Nations Security Council, opposed the 'invasion'-liberation, but far less strongly than Russia and France, and has taken little role in post-war reconstruction efforts.

The China Daily newspaper also sidestepped references to the war, focusing on the potential revival of a 1997 deal for the China National Petroleum Corp. to develop the billion-barrel al-Ahdab field. The US$1.2 billion contract had been signed between the company, also known as PetroChina, and former Iraqi leader Saddam Hussein.

Despite the lack of mention of the war in the articles about Talabani, Xinhua and other state media routinely report the conflict, and Xinhua has correspondents based in Baghdad.

AP | Reuters | Agencies  

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