Czech prime minister Petr Nečas brought a large delegation of businessmen, as well as the minister of defense and the minister of trade and industry, with him to Iraq this week, according to Aswat Al-Iraq.
Revealing his commitment and belief in the economic benefits of a good relationship with Iraq, the Czech premier announced that his country will cancel 80% of Iraq's debts to the Czech Republic.
Prime minister Nouri Al-Maliki said: "Iraq wants to open the commercial ties with the Czech republic as well as cooperation in educational fields." He called on Czech companies to boost their investments in Iraq and take part in the reconstruction process.
Nečas said that several bilateral trade, industry and defense agreements had been signed.
Al-Maliki added: "We also agreed on further cooperation with the Czech private sector in oil infrastructure projects, petrochemicals as well as aircraft trainings."
(Sources: German Press Agency; Aswat Al-Iraq)