Sánchez’s journey to Iraq: help for the 362 Spanish troopers and business mission to put money into reconstruction | EUROtoday

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Spain has not invested within the Asian nation since 2016 and all imports are solely oil

Pedro S.
Pedro Sánchez and the Iraqi Prime Minister, Mohammed Shia al Sudani, this Thursday, in Baghdad.AFP
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Pedro Sanchez He travels to Iraq this Thursday and Friday to go to the Spanish troops deployed on this nation. Last yr, on his traditional Christmas journey, he visited the Miguel de Cervantes BaseIn the city of Marjayoun, south of Lebanon. In Iraq, along with highlighting the work carried out by the 362 Spanish troopers who take part within the two missions deployed –Operacin Inherent Resolve, led by the US; and the NATO mission (NMI) -, the President of the Government will benefit from his go to to strengthen financial ties and promote funding by Spanish firms in initiatives financed by the native authorities. In truth, he travels accompanied by a enterprise delegation.

Spain has a navy contingent of 362 troopers deployed in Iraq. In the NATO Training Mission, 183 troopers are deployed, being the utmost contributor. While throughout the framework of the International Coalition in opposition to Daesh, Operacin Inherent Resolve, Spain participates with 179 members. The first of the missions, led by the US and shaped by a coalition of 60 nations, tries to cease the advance of the Daesh terrorist group in Syria and Iraq. Allied forces perform selective bombings in opposition to jihadist positions within the north of the nation.

The coaching of the Iraqi Army can also be a part of the coalition’s technique to assist the federal government of the Asian nation get better the territory occupied by terrorists. In truth, based on Defense knowledge, the Spanish navy contributes to the worldwide coalition with the target of coaching and qualifying the Iraqi safety forces of their struggle in opposition to Daesh. Currently, these duties are carried out by Spanish instructors on the Baghdad Diplomatic Support Center, the place models of the Iraqi counterterrorism service (CTS) are educated by members of the Coalition’s Special Operations Unit (SOTG).

Also a part of the Spanish contingent in Iraq are the troopers belonging to Task Force Toro (Helicopter Unit) deployed on the air base of Al Asad.

But Sánchez’s journey to Iraq additionally has an necessary financial spinoff. He has already met with the prime minister, Mohammed Shea al Sudaniand I’ll do it with the president Abdul Latif Rashid. The goal is to benefit from the go to to debate with the Iraqi authorities the state of bilateral relations between each nations.

Balance of commerce

Relations between Spain and Iraq have historically been characterised by a excessive commerce deficit for Spain, as a result of nice weight that the oil chapter has in our purchases. In 2021, and in comparison with the earlier yr, a rise in bilateral commerce figures is noticed, nearly recovering the degrees previous to the COVID pandemic. Spanish exports to Iraq (163 million) improve by 14% whereas imports from Iraq (1,512 million) develop by 89%. The Spanish commerce deficit stands at -1,349 million and the protection price (11%) is diminished by 7 factors, based on knowledge collected by the ICEX.

These official knowledge, collected in an financial and business report ready by the Economic and Commercial Office of Spain in Ankara, and up to date as of March 2023, point out that commerce presents a sure diversification within the circulate of Spanish exports, however in what Regarding imports, it’s a few single product: oil. According to 2021 knowledge, the newest accessible, essentially the most related Spanish exports to Iraq are: pharmaceutical merchandise (16%), mechanical equipment (13%), ceramic merchandise (12%), electrical home equipment and materials (8%) and perfumery merchandise (6%). Regarding Spanish imports, crude oil represents 100% of purchases.

Regarding funding flows, the ICEX factors out that based on the Spanish funding registry, funding relations with Iraq have been virtually non-existent in each instructions. And, particularly, that the inventory of Spanish funding in Iraq was zero in 2020 (newest knowledge accessible from December 31, 2020). Regarding the circulate of gross funding, no Spanish funding has been recorded in Iraq since 2016 (newest knowledge accessible for the interval January-September 2022).

The aim is to reverse this knowledge. Increase Spanish funding in Iraq, as a result of Spain considers that there are lots of sectors of curiosity for Spanish firms since it’s a nation that wants in depth reconstruction and renovation of its industrial services and infrastructure. The goal is that Spanish firms can go for initiatives financed with public funding aimed toward sectors corresponding to hydrocarbons, building, transportation, well being, agriculture and power.

To do that, Sánchez is accompanied by a gaggle of main firms in sectors of particular curiosity to Iraq corresponding to digitalization applied sciences, railways, the agricultural sector, or public infrastructures. Along with the President of the Government, these chargeable for Indra, Consultrans/Imathia, Navantia, Copasa, Equipceramic, Novargi, Tomas Llavador Arquitectos, Escribano Mechanical & Engineering.