Millionday News 10/06/13
millionday] we are going to start with some great and encouraging news i like the part the best in the world when refering to Iraq -- here we go
[millionday] In a move designed to remove Iraq from the list of countries with rents unilateral , called economists to create a process of trade more with the world, through the implementation of a project called the Basra area of economic , commercial and industrial free.
Comes at a time announced by the Office International Consulting and Economic Studies on hold Conference middle of next month on the International Free Zone triangle FAO.
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Counsel in the affairs of international trade and director of the International Bureau of Consulting and Economic Studies Tawfiq inhibitor told ( morning): "The movement of trade will create significant revenue for the country through the WTO, through the founding of the exchange international trade free zone triangle FAO" , noting that it
[millionday] note -- this is the tri free zone and it will be for other markets out of iraq other than oil -- through the wto -- wow -- love that
[millionday] The " best and the most important areas of the world " to be the supporting and retaining the port of Faw. added inhibitor that the International Bureau of Consulting and Economic Studies with the Iraqi Institute for Economic Reform is organizing a conference in mid- November next on the Free Zone international triangle FAO,
which was named the Basra area special to encourage foreign investment and the Iraqi private sector , confirming the formation of a committee by the sponsors to coordinate with the parties that will participate in the conference attended by foreign dignitaries what opens up towards the WTO. considered advisor that Iraq " the largest area in consumption ," and there is no exchange of production and exports of variety , or
[onthewings] millionday next month is November ?
[millionday] yes there is a conference next month but there also is one this month -- will have to check
[millionday] November -- opens up to the wto next month -- that sounds great and if that is what is happening -- we certainly have a lot to smile about
[millionday] i would say the dignitaries of the foreign visitors are members of the wto
[millionday] the commercial exchange with different countries , especially after the issued and former Transport Minister decision to shut down the system transit through Iraq, which had a negative impact on the Iraqi economy and on its revenue , and led to the suspension of trade, despite the fact that revenues this project is equivalent to oil revenues and address the unilateral and rent the Iraqi economy , especially that any exports pass from Iraq is the reduction of the mandated worth 45-50 percent of the beneficiary and the factory , adding that Iraq will depend on shipping only ,
because it takes a longer period of time until the arrival of goods. and know the process of transit trade as re- export of goods and imported goods where transfer the goods from the Centers
[millionday] Submitted to the centers and ports reception with a view to depositing temporarily or make some manufacturing processes them or wrapped or packaged and then be exported. encouraged inhibitor to create free zones global international inside Iraq ,
as well as the adoption of road transport in the trade exchange between Iraq and the countries of the world , especially as the file is not enabled trade and trade - relevant institutions do not have an active role in this area ,
considering that Basra would constitute the largest economic zone industrial free trade in particular, any operation will create the largest commercial exchange in the world contributes to the elimination of unemployment , as well as that Iraq will be an anchor to the world , as
[millionday] note -- so as we were saying -- iraq is going to be a trade hub for the world as they are saying here
millionday] he applied the modern logistics system which is " supply and storage system " in the country , while it would be a source of attracting international companies .
It is said that the General Authority for Free Zones of the Ministry of Finance called for the end of 2012 the government to activate the system of transit of goods across Iraq , as it said in a statement the then- received "morning, " a copy of " Authority called for activating the system in transit truck traffic and goods across Iraq from ports to neighboring countries "
[onthewings] millionday is this to happen next month november ?
[millionday] demanding coordination Inter- free zones and customs authority and the tax for the development of strategic integrated to prevent the obstacles faced by investors , especially to stop the work of an estimated negative impact on the economy and make the ports in a state of recession.
In a move positively opened and the Ministry of Transport last July operations room transit at the headquarters of the Ministry of Transport allocated to a meeting of the Supreme Committee for transit in Iraq , as it has been re - activated after a lapse of 23 years , he is the President corridor that connects the Gulf Europe
[millionday] so this is the end of this report and i would like to cover some summary of it
[millionday] they are saying that they are opening the tri free trade zone and have a huge conference coming in november and also they are saying that this is the part of trade that is outside of oil and is going through the wto
[millionday] this is the call to activate a set and ready plan for the tri trade to move them quickly to the highest in trade and also
[millionday] make iraq the trade hub of the world -- it is also the pathway of many countries outside even of the region to move products --
[millionday] lets look at the rest of the news and see what is set up today to make this happen
[millionday] i have to say i am very happy to be invested in the country that has a plan like this --- sounds very encouraging brb with more
millionday] this part shows us that they have experts in place working on this as well
[millionday] confirming the formation of a committee by the sponsors to coordinate with the parties that will participate in the conference attended by foreign dignitaries what opens up towards the WTO. considered advisor that Iraq " the largest area in consumption ," and there is no exchange of production and exports of variety , or the commercial exchange with different countries
[millionday] this is about the trade of all other than oil - and we know that it is called for by the wto for active membership to be granted and also they need an internationally recognized currency to do all of this
[Rudie] Now you're talking!!! smile
[Flygirl02] Would they need it before this conference?
[ROBINREDHED] millionday now thats news!!!!
[Msbossydiva] Yes Yes Yes Amen to the highest
[millionday] whoop whoop and i have to say it gets better smile here is a statement finally out of cbi
[millionday] Declared the Iraqi Central Bank that the project divided the national will play a major role in the development and recovery of the economy in Iraq, where will new jobs on the one hand and to attract foreign investors on the other hand .
The bank said in a response about what was published by the morning in the number 2918 in 09/15/2013 in front economic entitled ( delay the implementation of the national project divider for technical reasons ) that he works hard to ensure the success draft national divider which everyone can make remittances electronically easily and safely , adding that he made considerable progress in this area and finish to determine the technical requirements of the project.
The competition was a transparent manner with more international companies specialized in this field and select the winning company and the announcement of the signing of the contract during the month of September 2013 and the project implementation period of 18 months
[millionday] He said at the end of the month will keep you informed on the next step for this project. Between the mutual retail payment system in Iraq provides an opportunity for Iraqi banks access to tools integrated the most modern and sophisticated cash payments .
He sought the central bank to modernize and develop the financial and banking services in Iraq and to keep pace with international developments in this field have been the acquisition of the payments system of Iraq in 2006 and build a network linking Iraqi banks IIBN , linking this network all government and private banks in the country with the central bank.
Said project is of vital projects that will help in the development and revive the economy , in addition to creating new job opportunities will be to attract foreign investors , where projects will be able to individuals and all banks inside and outside Iraq to carry out secure transactions transparent and reliability.
[millionday] note -- remember this is to connect their trade and everything else to the entire world -- so if they signed that this month which they did -- this means that they are connecting entirely and it is underway -- meaning every atm in the world and every computer in the world
[DlD] Hopefully they do this faster than usual
[Sager] wow that's solid stuff!
[lojak] MD , they actually signed that in September
[millionday] it does not mean we have 18 months it means they have moved to a point to set up the most advanced telecommunications network in the world and it is contracted now
[millionday] yes sept there is more check this out
[millionday] He stressed that the central bank is working to set up the infrastructure project for the propulsion system of national retail including the establishment chunked National Retail to transfer money electronically to the POS and ATM machines in addition to the operating system reciprocal to pay by mobile phone in Iraq.
This introduction is one of the requirements of the right of reply We would like to make it clear issue is that what is not published an article the journalist Mustafa al - Hashimi but it was a statement by a former government official and currently .. for international science and acknowledgment .
[millionday] so this is not an article is what the gov is saying -- it is fact it is printed in the gazette this must be the contract for it to make any sense of course
millionday] this is good -- and is the move to set up the atms as we were saying to the whole world for tourism and travel and transparent info for investors
[Sager] millionday I have a question when you can
[myblifeguard] SO...what's the bottom line?
[millionday] now some of this will be done ahead of others so as we know with them signing the contract -- they are at a point in the development that allows them to do that -- i love it smile
[millionday] Sager sure
Sager] millionday are they ANY laws that need to be passed before we see the rate? infrastructure, election laws? or is everything ready to go in terms of laws?
[millionday] onthewings need recognized currency to develop -- smile
[millionday] we have something here with the infrastructure law but the thing is that the banking reform is done and
[millionday] they are now working on the fdic --- also maliki called for the departments to do whichever steps need to be taken to take them to a free market economy
[Sager] millionday but are there any laws still needing to be passed in your opinion?
[millionday] so the idea of the prime minister calling on the country gov to move to a free market economy on the same day that the law of
[Sager] or are we good to go?
[lojak] millionday arent we really just waiting on the economic reform laws to be passed ??
[millionday] the united states was passed that allowed us to use the foreign reserve currency to pay off debt and use as liquidity -- no there is the insurance imo
[Sager] millionday are you saying there's an insurance law to be passed, and then we're good to go for laws? Or are there more needed to see the rv?
[millionday] the United States has not been able to use any reserves they had -- i was not aware of that -- to pay any debt or use it for any purpase at all while we held it -- now a law has been passed that allows the US of A to use the reserves they have in foreign currency
[millionday] Sager i believe just the fdic or insurance -- lets stay with the news -- there is a lot i mean the chat -- so i can catch the questions smile