IQNA

12:02 - July 19, 2021
News ID: 3475288
TEHRAN (IQNA) – The spokesman of Iraq's al-Nujaba resistance movement criticized the Baghdad government for its harmful trade policy and imports from the UAE.

 

According to the Communication and Media Affairs Centre of al-‎Nujaba in Iran‎, Nasr al-Shammari, the official spokesman of the al-Nujaba Islamic Resistance Movement, criticized the Iraqi government’s policy of preferring trade and contracts with the United Arab Emirates, citing a report by the Observatory of Economic Complexity [OEC] (an economic organization that monitors and informs international trade data].

In his explanation, al-Shammari referred to the official statistics from ۲۰۱۹ and noted, “Iraq’s exports to the United Arab Emirates, which are mostly oil products, are worth $۱.۲۷ billion and Iraq’s imports from the country, a significant portion of which include satellite equipment, are worth $۱۳.۷ billion. In other words, the trade balance is equivalent to $۱۲.۴۳ billion in favor of the United Arab Emirates.”

He continued, “Iraq’s imports from Qatar are worth about $۳۰ million, about $۷۰۰ million from Saudi Arabia and $۱.۲ billion from the United States. We sell $۶.۳ billion worth of oil to the United States. That is $۵.۱ billion in favor of Iraq. We also export $۲۲ billion worth to China and import $۹ billion worth from that country, which is still $۱۳ billion in favor of Iraq. Iraq’s imports from Turkey are about $۱۰ billion and from Iran $۸ billion, of which about $۱ billion is for the purchase of gas for power plants.”

The deputy secretary-general of al-Nujaba then stressed that all these figures – especially in the case of large industrialized countries such as the United States, China, Iran and Turkey – are understandable and justifiable, adding, “But a small country (the United Arab Emirates) which is only a name of a port with commercial offices, without being producers themselves, makes $۱۳ billion in profits from exports to Iraq. I repeat $۱۳ billion!”

Al-Shammari went on to ask why Baghdad does not go directly to producing countries such as China. Especially since the trade balance of the parties is in the interest of Iraq. And why, when the country spends about one billion dollars to supply its electricity needs and is still facing numerous problems in this field, at the same time allocates three billion dollars to import low-quality and high-consumption satellite equipment from the United Arab Emirates!?

He concluded by recalling the international custom that “if you engage in multimillion-dollar trade (and not even billion-dollar trade) with a country, the other side should respect your sovereignty, provide special services to your citizens, and intervene to protect its economic interests and refrain from interfering in your internal affairs in order to protect its economic interests.”

He clarified the Emirati’s sabotage in Iraq and said, “Do not these cases reveal the behind the scenes of the attack on the former government and the closure of the al-Faw Grand Port project?! The United Arab Emirates is the main loser in launching the project, as it would cost billions of dollars a year to launch. Therefore, there is no problem with spending one billion dollars to set fire to Iraq and cancel the al-Faw Grand Port project?!”

Tags: Iraq ، UAE ، trade ، Nujaba
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