Iraq signs ‘anti-corruption memorandum’ with China

BAGHDAD — The Iraqi Federal Integrity Commission announced the signing of a memorandum of understanding with China’s National Supervisory Commission on Wednesday, designed to enhance cooperation in combating corruption and tracking wanted individuals.

Haider Hanoun, head of the Integrity Commission, emphasized the agreement’s significance during the signing ceremony. “Supporting and empowering regulatory bodies is essential in fighting corruption,” Hanoun said. He said that Prime Minister Mohammed Shia’ Al-Sudani’s government has prioritized anti-corruption efforts, recognizing it as a key barrier to foreign investment.

The agreement between Iraq and China comes as China expands its investments across various sectors in Iraq, including through the 2019 “oil-for-construction” deal. Under this deal, Iraq exchanges oil for Chinese investment in infrastructure projects, with firms such as China State Construction Engineering Corporation  leading initiatives to build roads, schools, and housing. This arrangement, valued at $10 billion, is part of Iraq’s reconstruction strategy.

Hanoun highlighted Iraq’s need for expertise from China’s National Supervisory Commission in digital transformation, capacity building, and anti-corruption training. He also underscored the importance of cooperation in recovering stolen assets and extraditing wanted individuals.

Fu Kui, Vice Chairman of China’s National Supervisory Commission, reiterated China’s commitment to supporting Iraq and emphasized the need for a transparent environment to foster mutual development. “The relationship between China and Iraq is strategic,” Fu said, expressing optimism about the agreement’s role in cracking down on corruption.

The memorandum outlines commitments to promoting integrity and facilitating judicial cooperation, particularly within the framework of China’s Belt and Road Initiative. It is global infrastructure strategy launched by China, aiming to enhance trade connections and increase economic integration with participating countries, including Iraq.