"Today Iraq is a success story - we owe much of that to the efforts of British troops. They have been working closely with their Iraqi counterparts. Our mission has not always been an easy one. Many have said that we would fail, but when Prime Minister Maliki and I were able to look back today I was able to congratulate him on successful provincial elections in January in which there were over 14,000 candidates competing against each other in an election widely viewed as fair and free.
"Economic growth last year estimated at 10 per cent. Four million Iraqi children having received life-saving vaccinations since 2003. 3,000 schools refurbished. Iraqi Security Forces totaling 60,000 personnel now in place, and polls show that in Basra 65 per cent of people say their lives are going well. I pay tribute to your leadership of Iraq, Prime Minister Maliki, and I say that Britain too can be proud of our legacy that we leave there.
"Today the Prime Minister and I have signed a declaration of friendship, of partnership and co-operation between our two countries which sets out a new basis for the relations between Britain and Iraq. It is founded on our shared political, cultural, and economic interests; a secure, prosperous and democratic Iraq, able to exploit its own great economic potential and able to provide security for its people, working closely with its neighbours and the rest of the international community.
"To support this, Lord Mandelson and the Iraqi Deputy Prime Minister signed, a short while ago, an agreement of economic and technical co-operation for the future and Mr Maliki will attend the 'Invest Iraq' conference here in London, in which 250 of the world's biggest companies will be participating.
"We will also open negotiations on an investment promotion and protection agreement, bring forward a review of export credit guarantees offered to UK exporters wishing to trade with Iraq, and this is a clear message to companies worldwide that Iraq is open for business.