The Kurdistan Regional Government (KRG) has agreed that it will update and fully implement legislation on intellectual property, protecting the Kurdistan Region’s entrepreneurs, academics and businesses from infringement.
A legal committee will also be established to review new draft legislation for approval in this session of the Kurdistan Parliament.
Iraq is not discussing the purchase of the Russian S-400 missile defense system, Iraq’s ambassador to Russia has told Rudaw, following rumors Baghdad is in the market for such a system to counter recent Israeli airstrikes on Iraqi territory.
“There haven’t been and there aren’t any discussions or consultations between the Iraqi government and the Russian government concerning the acquisition of S-400 weapons,” the Iraqi ambassador said.
Foreign Minister Mohamad A. Alhakim received a copy of the credentials of the Dutch Ambassador to Baghdad Mr. Eric Strating.
The bilateral relations between Baghdad and The Hague were discussed, as well as methods for enhancing fruitful bilateral cooperation in various fields, in addition to cooperation and coordination in international forums to meet the aspirations of the two people.
Minister Alhakim stressed Baghdad’s aspiration to develop cooperation with the Netherlands in economic fields, especially infrastructure and and energy and expressed the readiness of the Foreign Ministry to provide everything possible for the success of the Dutch mission in Baghdad in the framework of the development of bilateral relations.
Prime Minister Adil Abd Al-Mahdi arrived on Thursday morning in the Chinese city of Hebei to participate in the World Conference on Industrialization.
The visit follows the granting of two major contracts in Iraq to Chinese companies in recent weeks: China Construction Third Engineering Bureau will reportedly implement civil engineering projects and infrastructure in southern Iraq in a $1.39-billion deal; meanwhile, Basra Oil Company (BOC) signed a $54-million contract with Hilong Oil Service & Engineering Company to drill 80 oil wells at the giant Majnoon oil field.
According to Foreign Brief, China displaced India in 2018 to become Iraq’s largest trading partner, with more than $30 billion in two-way trade. It adds that Iraq is now China’s second-largest oil supplier.
(Sources: Media Office of the Prime Minister, Foreign Brief)
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.
New pipeline in works to transport Iraqi oil to Turkey
Ankara and Baghdad are working toward building a new oil pipeline with the capacity to transport one million barrels per day from Iraq’s Kirkuk fields to the Turkish border.
“The Iraqi government is now examining tenders for the new oil pipeline between Iraqi and Turkey, after having finished with the engineering and technical studies,” Iraqi Ministry of Oil spokesperson Assem Jihad told Al-Monitor recently.
He added that construction will probably get underway in 2020.
Foreign Minister Mohamad A. Alhakim has received a copy of the credentials of Swedish Ambassador to Iraq Mr. Lars Ronnås.
The two sides discussed bilateral relations and ways of enhancing them to serve the interests of the two friendly peoples.
Minister Alhakim expressed Baghdad’s aspiration for a greater role for Sweden in various fields, stressing Baghdad’s interest in enhancing communication between officials of the two countries and opening channels for bilateral cooperation, calling for the need to continue working to raise the levels of coordination and consultation at all levels.
Minister Alhakim expressed the readiness of the Foreign Ministry to provide all facilities to the diplomatic mission to achieve the common interests of the two countries.