Washington drew out a draft proposal for a security deal in January 2008, a preliminary part of which was signed by officials of the two countries on March 17.
The negotiation, set to conclude in late July, will not only establish the basis for a long-term US occupation of Iraq, but will also turn the country into a US colony and yet another military base for Washington in the Middle East.
The accord with Prime Minister Nouri al-Maliki's government will replace the UN mandate and allow multinational military presence in the country.
This 'firm handshake' between the US president and the Iraqi prime minister is referred to by the Western media as the Status Of Forces Agreement (SOFA).
One look at Article 10 of the treaty makes it apparent that the US administration hopes to quietly impose the binding contract and legitimize its indefinite military presence in the country.
"As long as Iraqi security/military forces are not well-trained, security hasn't been ensured, the neighboring states pose a threat, and terrorist attacks continue, the treaty will be officially binding and both parties are obliged to implement it."
Article 1 of the treaty allows the US Army to carry out military operations in Iraq at any time and any place.
Under Article 2, American and British troops can arrest suspects at any time without the consent of the Iraqi government.
Article 3 reinforces Article 10 by asserting that there are no time limits for the presence of American forces, thus annulling the 1790 UN Security Council anti-occupation Resolution.
The contents of the treaty will dissipate all hopes of a sovereign Iraq, turning the country into a medieval US colony.
According to Article 4, American servicemen and non-servicemen are not obliged to attend any court hearings in Iraq, literally granting them capitulation privileges.
Article 7 puts the Iraqi ministries of defense, interior and intelligence under the direct supervision of US officials, ensuring Iraq will be officially governed by the United States.
Article 6 allows the US to set up 41 military bases in Iraq; Article 8 provides American forces with the authority to supervise arms sales as well as train Iraqi military and law enforcement personnel.
Article 9 argues that as a member of the international community Iraq must recognize Israel and unconditionally support Washington's Middle East policies.