Parliamentary Finance: We have the right to know where the money goes oil exported from the region
[tlm724] so we want the region to find out where the money goes and all these things are controlled and Kprlman Iraqis must know the funds in order to solve the crisis between the center and the region.
Economists seem to fear from the application of the customs tariff
[tlm724] look they need the full implementation of tariffs to generate massive amounts of revenue so what they need to do is decrease the harm to the people and give them more purchasing power !
Read More Link On Right
Demonstrations and a wide number of provinces to demand the passage of the budget and the abolition of pensions for MPs
[tlm724] all the provinces should !
[tlm724] citizens, intellectuals and local officials to demand to speed up passage of the budget and the abolition of pensions for deputies and special privileges for officials within the retirement law
[tlm724] do it ! rise above them !
Dozens demonstrate in Maysan to demand the passage of the budget and the abolition of privileges officials
[tlm724] . Hundreds of citizens, a number of provincial demonstrations and wide to demand passage of the general budget
[tlm724] as they should !
IMF: sovereign funds account for 80 percent of emerging market bonds
[Shredd] so sovereign debt here means debt issued at a country level
[Shredd] govt bonds
[Shredd] it's how money is "borrowed" from one country to the next
[Shredd] people get all wrapped up in the axels when they talk about US debt but it's greasing the financial wheels of the lending countries
[Shredd] Iraq is participating in this and if you recall from an older chat, I said this will be the first line of lending for Iraq
[Shredd] and it was
[Shredd] local and international come next
[tlm724] that's what we want to see correct ?
[Shredd] yes indeed
[tlm724] so they are doing inter-country bonds now ?
[Shredd] if you mean Iraq, yes, news of that came out last quarter....the tranches need to be released but it's happening
[Shredd] and btw, it has been our bank even manages one of them
[Shredd] well, they are paying their bills, I'll say that!
PLEASE NOTE THE COMMENTS BELOW ARE FROM 3/6/2014
Invitations to activate bridges of cooperation with economic blocs Great
6/3/2014 0:00 Contribute to the acceleration of accession to the (WTO)
BAGHDAD - Hussein al-Tamimi Tgb
experts stress the importance of the economy in the adoption of foreign trade policies, through activation of bridges of cooperation with economic blocs also speeds up the majority of attempts to join the World Trade Organization.
transfer of expertise in economic affairs specialist Hadi pointed Hndas that communicate with the blocks of the global economic is an urgent need, for the wealth of positives big in the forefront of the possibility of the transfer of business expertise developed world has seen over the past decades.
[tlm724] there are some interesting points being made in this article
Contribute to the acceleration of accession to the (WTO)
"experts stress the importance of the economy in the adoption of foreign trade policies, through activation of bridges of cooperation with economic blocs also speeds up the majority of attempts to join the World Trade Organization"
"that communicate with the blocks of the global economic is an urgent need"
[tlm724] IMO there are 3 things we see in this article that are imperative to Iraq's accession 1. activate free zones 2. modernize the customs/border crossings 3. activate the bilateral trade agreements
Point 1 : Efforts to open a new free zones near the border crossing points
free zones of economic resources (non-oil) that support the country's budget revenues growing enhance the efficiency of Iraq's economy as well as to open new free zones near the border crossing points have positive returns serve investors
Point 2 : Strict measures to control the work of the customs police
Baghdad Tariq al-Araji,
revealed the customs public about the existence of a project to convert the customs police leadership border forces and linked Authority customs, stressing the need to link the body with the highest authority of the country if the General Secretariat of the Council of Ministers or the Prime Minister's Office and dislodged from the Ministry of Finance.
said Director General of the flash Khaled Hamad "morning": that a decision recently issued by the Council of Ministers serving not Seen anyone of any party in the campus area Alkmarki except employees of the customs police under the command of the border forces, revealed the existence of a project that includes a link police Customs Authority competent of all the technical aspects and logistics, noting that the number of employees of the customs police exceed the 6800 member is hoped that down to earth soon Authority.
[tlm724] they are linking (electronically) to be able to control and account for all items going out and coming into the country, absolutely necessary, all part of WTO requirements as well
Point 3 : [tlm724] Bilateral Trade agreements
We see these trade agreements almost daily in the news from multiple countries but yesterday on the COM site they did this :
Raise the reservation for two paragraphs in the executive program of the Convention and to facilitate the development of trade between Arab countries
and Legal Department of the General Secretariat of the Council of Ministers completed 33 international convention in 2013
[tlm724] today the COM announced this also :
Approved a draft law to exempt foreign companies and foreign subcontractors of fees
[tlm724] The law library is also showing a lot of activity as far as research for Economic cooperation and trade agreements for the following countries: South Africa, Czech Republic, Ukraine and Armenia.
Appears to me that Iraq is actually putting its best foot forward as far as making things happen for the accession to go forward. IMO once again, I stand behind what I have said recently. Iraq is positioning itself for a big move and becoming a full member of the WTO is right around the corner !