OCRUSH April 26th, 2013
This is an e-mail containing a VERY LARGE content of information and comments. I am going to keep it all in this thread and will be adding to it. I am posting in the same order Demetrios is sending it to me.
I know it is easy to just skim through and read only the comments, I am very good at that! For those of us used to doing that, I challenge you and myself to also read the articles. :)
WHERE ARE WE? TIMELINE AND FACT FINDING APRIL 2013:
First off, I want to thank Steve, Ray and All the Mods for all they contribute to make this site FIRST RATE!!!!!! We are here to help all our wonderful members get through these final stages, with facts and reassurance:)) Our members are the best of the best and without them we would be LOST:) Cheers to ALL of YOU:))
Read More Link On Right
Here is a comprehensive look to where we are. You must follow the news timeline from major industries (like the accession of Iraq to the WTO). It gives us a heads up to where Iraq, as a nation stands to be successful in the world market. Iraq is at a stage where it has to be done right. Not like other nations that join the WTO and it's a crap shoot:)
Iraq is to important to take a gamble and allow them in the WTO without the economic laws (Tariffs, Investment, Planning, Banking...) being in place.
Reading the articles below is a timeline to the accession of Iraq into the WTO. Included are the guidelines from the IMF to what the nation needs, in its currency, to be a successful (world class) member in the WTO.
They could allow Iraq to be a full member (non-observant) now (today) but it will not be successful without a true convertible currency and laws in place to take advantage of what it really means to be in the WTO. All the work they have done will not expose Iraq's full potential. This is why they are waiting. (PLEASE READ THE ARTICLES).
Economic laws and a currency worth while, need to be in place. Also, canthey RV being under Chapter vii....SURE.......but at what cost to there true success. Slow and Steady gets the job done (I am sure the members that have been on this roller coaster ride for years would laugh at that:))) This way we can see Iraq grow, be transparent and come out with a good rate (just like they planned:)
I understand many of you are discouraged with the political scene but Iraq has one chance to do this right. When is the last time you heard the Kuwaiti PM say, we want to visit Iraq to celebrate? Or...Iraqi Airways landing in Germany for the first time in 22 years?
Or.... setting a committee to monitor the destruction of the currency we hold (besides 2003 - 2004:)?. Or......Smart cards (2nd generation) that will be international? Get my point! Be patient, this RV is upon us. The troops we lost in Iraq should not go in vain. Iraq will be the model to follow with other emerging nations.
The timeline below starts from April 13, 2011 (BOTTOM START) and ends April 19, 2013 (FIRST ARTICLE ON TOP). 2 YEARS OF WORTHY NEWS. PLEASE READ THEM, NOT JUST WHAT I WROTE, SO YOU CAN ALL UNDERSTAND WHAT I WROTE:)) CHEERS YOUR FRIEND OCRUSH:))
(I AM POSTING THE ARTICLES IN THE CORRECT ORDER, IE OLDEST FIRST, HOPE)
posted on 13 April 2010.
Iraq needs a new study for its economic system to be a member in the World Trade Organization (WTO),” an official in the Iraqi Finance Ministry said today.
”The Iraqi committee gave its final results about the Iraqi acquisition of the membership in the World Trade,” The Economic Advisor in the Finance Ministry, Abdul Alim Kadhim, told The Independent National News Agency of Kurdistan (AK news)
“The Committee called for reducing the difference between the U.S. dollar and the Iraqi dinar, activate the role of the private sector, open the world markets in Iraq with customs on imported goods that commensurate with the economic laws applied in the country,” he added
The Iraqi team to annex Iraq to the WTO was formed on December 13, 2004, and it presented a memorandum to join the organization on September 16, 2005. Iraq became an observer in the WTO on January 24, 2007, and the meetings of the first round of the Working Group began in 2007, followed by a second round in 2008, and the third and last round was in 2009.
”The organization called Iraq to pay half of its debts, in order to be a member in the WTO which will improve the economic and commercial situation in the country,” Kadhim pointed out.
He stressed on the need of improving the Iraqi economy according to modern economic frameworks found at the present time among the economically developed countries.
The World Trade Organization WTO was formed according to Bretton Woods convection at the end of 1944 in the United States, accompanied by the formation of the International Monetary Fund and the World Bank.
It includes approximately 150 countries and has several functions that aim to remove the distortions found in the trade patterns between the States and the establishment of multilateral trading system more stable and more opened and has the ability to predict,
in addition to addressing the customs and non customs barriers, as well as addressing the communication problems, building services, and address the matters pertaining to the international investment, and resolve the international trade disputes.
It also aims to expand the exchange of goods through the reduction of customs and opening world markets for goods and services (except oil).
The first and original post is below the recent one showing Iraq having to have an open market currency to be a member! Finance
Iraq in negotiations to become WTO member
22/05/2011 13:34 Erbil, May 22 (AKnews) - Iraq is negotiating to become a full member in the World Trade Organization (WTO), the trade minister said today.
Kheirullah Hasan told AKnews that the negotiations have been going on behind closed doors for a while running and will resume in Morocco soon.
Iraq is currently an honorary member in the WTO, which has 152 permanent members. At present the members treat Iraq solely as a business partner. If the country is granted permanent membership, it can interact with members in the four main fields of health, agriculture, trade and economy.
The minister said that no specific timescale has been laid out for the conclusion of the talks.
The WTO only allows countries who have opened up their economies through free-market reforms to become full members. Iraq has started to implement these kinds of changes, following decades of moving towards more a more state-centric economic model.
By Fryad Mohammed LH/PS
Iraq worried about rush to become a member of the World Trade Organization
Posted: September 27, 2011 by THE CURRENCY NEWSHOUND
Baghdad, September 27 / September (Rn) – the Commerce Department showed the Iraqi fear of the rush to Iraq to get permanent membership of the WTO and said that this would create confusion in the economy in the absence of legislation and economic controls eligible.
The Chairman of the Legislation Committee of the Committee to join the World Trade Organization Ali that “speed up the procedures to join WTO and to obtain permanent membership without making broad changes in business dealings will cause major economic problems of Iraq.”
He told the Kurdish news agency (Rn) on Tuesday, that “there is a need to enact legislation supporting the economic transformation of Iraq from a closed economy to a free and activating the role of Iraq in the global market.”
Iraq seeks to obtain permanent membership in the WTO rather than an observer member, as is the case at the moment.
Abdul Razak pointed out that “Iraq to gain full membership in the organization depends on the extent of legislation on its system of economic and the flexibility of the Iraqi economy.”
The team was Iraq’s accession to the WTO was established on December 13 / December 2004, and presented a memorandum for membership in the organization on September 16 / September 2005, was the adoption of Iraq observer at January 24, 2007, and began the meetings of the first round of the Group work in 2007, followed by a second round of meetings in 2008, then the third round the end of 2009.
He pointed out that “joining Iraq in a series can only be submitted after the Iraqi list of amendments to the legislation and the level of economic applications for the development of private banking.”
“The accession will contribute to reducing unemployment and expanding the activities of the national industry in both its private and government sectors and make better use of resources and provides multiple options for Iraqi consumers.”
The WTO was established in 1995 and comprises 147 countries world as permanent members.
The organization aims to create a world economy that preserves the rights of consumers and product through the system of international laws by hiring a full state resources and prevent the sale of goods with non-universal impulse.
Parliamentary Finance: Iraq will not get the membership of the World Trade under the current legislation
Posted: October 23, 2011 by THE CURRENCY NEWSHOUND
Baghdad, October 23 / October (Rn) – The Finance Committee of the Iraqi Council of Representatives, Sunday, that the legislative obstacles standing in front of Iraq’s entry to the WTO.
Said committee member Abdul-Hussein al-Yasiri told the Kurdish news agency (Rn) that “current legislation does not turn Iraq into a free market economy because the House of Representatives needs to speed up the shift in order to receive a permanent membership in the WTO.”
He added that “the financial and economic committees and legal work to a study with the Ministry of Commerce for the development of economic legislation in order to join the World Trade Organization.”
He pointed out that “accession to the WTO will not be easy in the face of the continued economic legislation in its current form because the amendments and extensive studies have not been implemented.”
The Ministry of the Federal Trade for Iraq in order to accelerate access to permanent membership of the WTO would thinks changing the legislation would disrupt the Iraqi economy, but it is necessary to ascend into the WTO.
The team was Iraq’s accession to the WTO was established on 13 December / December 2004, and presented a memorandum to obtain membership of the Organization on 16 September / September 2005, was the adoption of Iraq’s observer at the January 24, 2007, and began the meetings of the first round of the Group work in 2007, followed by the second round of meetings in 2008, then the third round of the end of 2009.
Iraq seeks to obtain permanent membership in the WTO rather than an observer at this time.
The WTO was founded in 1995 and includes 147 countries world as permanent members.
The organization aims to create a world economic preserves the rights of the consumer and the product through the system of international laws by employing the full resources of the state and prevent the sale of goods with non-universal impulse.
WTO Meeting: Director-General Lamy to meet with Iraqi Finance Minister Tuesday
Posted: November 14, 2011 by THE CURRENCY NEWSHOUND
(WOULD NOT LET ME POST WILL TRY AND GET IT ANOTHER WAY)
National Commission on Iraq’s accession to the WTO will hold its 29th meeting
Posted: December 19, 2011 18/12/2011 20:29
BAGHDAD / Aswat al-Iraq: held at the Ministry of Commerce twenty-ninth meeting of the National Commission on Iraq’s accession to the WTO is headed by the Minister of Trade Khairallah Hassan Babiker, and includes members from all relevant Iraqi ministries.
According to a statement of the ministry has discussed the meeting, chaired by Hashim Mohammed Hatem Director General of the Department of Foreign Economic Relations on behalf of the Minister of Commerce and attended by members of the Committee of all the ministries and a representative of the Chamber of Commerce of Iraq and the Iraqi Industries Union a number of items and topics in the context of accession to the WTO and achievements, especially after Altfawdatin successful rounds of Iraq with the organization and the completion of the bulk of the files required by the WTO as well as laws and projects that have been added by the Iraqi government bodies to relate to activities organized by the Organization.
According to the statement were also discussed recent developments regarding the completion of tables to file the initial presentation of the goods should be submitted to the WTO for the purpose of negotiating it with the Member States of the Organization in the third round of negotiations with the WTO.
The meeting also discussed the necessity of activating private sector activity and to follow developments and proposals relevant to the organization and in line with WTO requirements and was recently formed Technical Committee on the role of the private sector and that have a link and connection with the services of the Ministry of Commerce on the private sector and the unions that represent the Iraqi private sector, In addition to review of views on the subject of Iraq’s accession to the WTO and Mo stop from joining the Iraqi government, through the two studies were prepared in this regard.
It was also emphasized during the meeting on the mechanism of action of the National Commission on Iraq’s accession to the WTO and the necessity that each member in turn, within the scope of his ministry in the clarification and education of the importance of joining and the benefits that will get Iraq to join and the possibility of developing solutions and treatments of the constraints faced by Iraq upon joining, and the emphasis Members of the National Committee of the necessity of cooperation and coordination with the Ministry of Commerce in order to expedite the examination and updating of files required by the WTO.
AND A WAY WE GO!!!!!! Economists: it has become necessary to enter Iraq in the World Trade Organization
Posted: December 19, 2011
Baghdad (news) .. / report / .. A number of experts and those concerned with the economic importance of accession to the WTO, and the positive results that will accrue to the development in all sectors, and Shiddo during conversations (of the Agency news) on the need to work towards activating economic sectors in order to provide the necessary conditions to join under the umbrella of this organization, which regulates the business of major economic blocs in the world.
economic expert Ahmed Kadhim said that accession to the WTO requires among other processors of the reality of production and development in the country, particularly the proportions of the contribution of the agricultural sector, industrial and transport sectors and services in GDP fell to its lowest levels after they are no less than 30% in the cooled eighties in the last century and we note now that the rate of more than 93% of GDP comes from oil revenues.
He Kazem reporter (Agency news ) has to be noted that the Iraqi economy faces limitations are numerous and complex and must be faced rationally and pace consistent and programmed to be able to join the World Trade Organization.
He pointed out: that the most important selections are in the legislation of laws that govern goods and services to Iraq and consumer protection laws and control the dumping of the market, organization of tax policy, as well as directing fiscal policy to raise the proportion of investment and reduce public spending as much as possible, and to accelerate the building of infrastructure and high standard of efficiency and solve the electricity crisis in investment away from the routine, and he added to start working through the scientific plan and a clear and quick to support the industrial sector by entering a first stage, a partner with factories suspended from the mixed sector and is later retrieved amounts of support from the profits of that company after the modernization of production and improve product quality and diversification.
stressed Kazim, the need for the use of international expertise that is so, as well as support for the sector private sectors through laws and legislation with the allocation of some funds in support of the industries of this sector, and support the agricultural sector and to develop an urgent plan for the return of farmers to cultivate their land and investment products and provision of seeds, fertilizers, machinery, agricultural equipment and agricultural inputs.
as he emphasized the economic expert Nazim Ugaili the need and importance of that government have a policy clear economic, the phases stimulate the economy and create the infrastructure and then move to the production of active and continuing to raise the material returns at the end of the transition to the final stage, which includes the broad development and diversification of sources of production and upgrading services, and the fact that the country is ready to enter the World Trade Organization.
said Ugaili reporter (Agency news) is that currently requires the plan to cover the details of all stages of development that must be adopted by the country, under the schedule is final and in real earnest, as well as training and rehabilitation of young people unemployed according to well thought out plans accommodate them for distribution among the sectors of agriculture, industry and services in coordination with the private sector, Banking and policy guidance and direction to suit the investment needs of the country and is consistent with fiscal policy and enhance the productive capacity of the community.
d, an economist. Kamal Al-Basri said (of the Agency news): to enter the organization runs the many benefits is sufficient to note that more than 150 countries of the largest blocs of the global economic sits under the umbrella of the Organization, and a collection of other countries in the wait state, and added visual: that countries that as long as the closed windows of the economic (protection of the product local), the exposure to sudden pressures of globalization once displays its industry and products of the damage, and mindful of this situation may allow the organization of the States that are in the process of entry of the number of exemptions and allowances, noting that these allowances are not in the interest of the member states , and the attic is through meetings and rounds of discussion difficult and multi-that the ability to take advantage of these allowances depends on factors including the political and the other depends on the ability of the negotiating position of political states affecting the resolution (such as the United States) a major role in the entry or to block the entry of the organization.
He : The importance of diagnosis and the reality of the Iraqi economy, and the results can be achieved and that the absence of Iraq’s entry into the organization, which helps greatly in the development of the productive sectors.
(MORE TO COME, HOPE)
(NOTE, I HAD TO REMOVE ALL THE LINKS IN ORDER TO POST, PLEASE CONTACT ME IF YOU WOULD LIKE THE LINKS)