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DELTA: Trade signed a joint document with the Kurdistan region to complete the files of Iraq's accession to the World Trade Organization
The Ministry of Commerce signed a joint memorandum with the Ministry of Commerce and Industry in the Kurdistan region during a workshop in Erbil on the files to be completed for Iraq's accession to the World Trade Organization (WTO), as well as the need to continue to communicate to resolve any problems that occur between the Center and the region.
The representative of the delegation of the central government, Assistant Director General of the Department of Private Sector Development Musab Osama at the opening of the workshop, that "Iraq is a federal state and Iraq's economic interest is one interest, there is no difference between Baghdad and Erbil and Basra," adding that the organization of business and standardization of views on the files of the WTO The world will have a great impact on everyone without a difference. "
The workshop, which was held in Arbil under the auspices of the Federation of Chambers of Commerce and Industry of the region in the framework of the Ministry of Commerce seeks to organize and unify the views on the files of Iraq's accession to the World Trade Organization (WTO) between the central government and the Kurdistan Regional Government.
The workshop included a full presentation on the World Trade Organization (WTO) and the files that Iraq must complete to be a WTO member followed by bilateral meetings between representatives of ministries in the Government of the Center and their counterparts in the Government of the Region.
GodsServant: Thanks delta this is needed and a requirement of the baby being born or as you say about to be born.............
DELTA: (thumbs up)
Frank: (big smile)
Rommy: W = Welcome
T = To the
O = Otherside
Edna: Not being Negative, but it seems like these clowns are back to their old "stalling games again" I pray i'm wrong.
7-FA: IMO I believe that they are now at the point of no return and they is no going back.....IMO
KBC123: I haven't heard one thing about "canceling the project to delete the zeroes" this year. That alone is encouraging to me!
Frank26: GREETINGS FAMILY
I WISH TO LET YOU KNOW THAT WE WILL NOT BE HAVING A MONDAY CONFERENCE CALL ON THE 15TH OF APRIL.
THE REASON WHY IS BECAUSE TINK AND I WILL BE CELEBRATING 42 YEARS OF MARRIAGE AND I PLAN TO MAKE THAT DAY SPECIAL FOR MY WIFE.
SO INSTEAD WE WILL MOVE NEXT WEEK’S CONFERENCE CALL TO TUESDAY APRIL 16TH AT 7PM EST.
Don961: Mohammed al-Halbusi to (Tigris): Washington is waiting for Iraq to rely on itself on the economic side
13-04-2019 10:36 PM
Mohammed al-Halbusi to (Tigris): Washington is waiting for Iraq to rely on itself on the economic side link
Speedracer: SO AM I!!!!!! ROTFL
KBC123: YES!!!!! GO Iraq! Take those training wheels off!!
Frank26: KONA ......... REALIZE .......,............ RELY !!!
MilitiaMan: Him stating that Washington is awaiting to rely on Iraq economically is stating to me that to rely on it's own new currency, along with energy.. imo How about you? ~ MM
Clare: IT'S ABOUT TIME...IRAQ!!
Mark: QUESTION IS HOW LONG WILL WASHINGTON WAIT ? IMO.... NOT MUCH LONGER AS IT HAS BEEN 16 YRS ALREADY . THE PROCESS CANNOT FAIL . PATIENCE EVERYONE WAIT FOR IT .... IT'S COMING ....IMO !
MilitiaMan: One of the main things these folks have in common is trade with Iraq. That requires mechanisms to be in place. What are mechanisms? Well they are tools for exchange purposes. As in a medium of exchange with currencies.
Just like we see between the UAE and Korea. Those two are doing Currency Swaps between themselves again apparently. Well the UAE is as Iraq is part of the GCC. The common denominator is going to be trade in goods and services and among many other things of importance.
All the tourists will need to exchange say Won when arriving into Dinar, just as those in Jordan, China, Japan, USA, GB, Canada, etc.. Iraq will need to make change in and out of the conversion process.
Therefor having mechanisms in place now is very important.
Especially when the exchange rate changes. They'll have plenty of the medium that is necessary to satisfy the trading, etc. imo That is for local trade, however, it is more in depth than that. They'll need another mechanism for the larger players electronically and that imo would be the FX.
Now we see that the USA is calling for Iraq to rely on herself. Well to do that they'll need to rely on the new strength that goes with internationalism.
Internationalism is at a true rate with hardy fundamentals, not a forced program rate from the past. Looks to me they were told time is up. So, I would then think that they are about to use the tools they have to finally do it.
On another note. I noticed a very interesting and lengthy theme on corruption on the last thread. A large amount for one day. Even where Tamimi was replaced, she being a Finance Minister. Go figure, Iran and or Maliki connection?
The fascinating thing is also that we here in the USA just witnessed where there were approximately 8 more indictments handed down on (effectively) corruption at high levels in our Gov.
I don't imagine that Washington telling Iraq it is time to rely on yourself, doesn't have anything to do with, "We did what we needed to do and we now have things in place, so it is time for you too, Iraq. " ~ MM Thus, all the files on corruption and even Tamimi going down imo is by no coincidence. imo Time will tell. ~ MM
Foreign Minister leaves for Jordan for a four-way meeting
13th April, 2019 Extra article on previous posted
Foreign Ministry announced on Saturday, leaving its minister Mohammed al - Hakim to Jordan to participate in the Quartet meeting.
"Foreign Minister Mohammed Ali al-Hakim left the country for Amman, Jordan, accompanied by the head of the Investment Authority," the ministry's spokesman Ahmad al-Sahaf said in a statement received by al-Sumerian News.
"The aim of the visit is to participate in the quadripartite meeting between Iraq, Jordan, Greece and Cyprus at the level of foreign ministers; to discuss the mechanisms of new commercial and tourism investments."
"To achieve investment flows towards the Mediterranean countries within the framework of the government's tendency to diversify Iraq's commercial resources, establish economic partnerships that will achieve development, and promote reconstruction efforts."
"This meeting coincides with the aspiration of the Iraqi government to turn into a regional investment center, in which the regional economic forces converge, in light of its investment and commercial assets and promising opportunities. LINK
Iraqi-Gulf meeting is the first in more than 30 years
Economy News _ Baghdad
A high-level Iraqi Gulf meeting was held in Riyadh, Saudi Arabia, which resulted in an Iraqi-Gulf plan of action starting from Riyadh as the fruit of the first high-level meeting between Iraq and the GCC Secretariat for more than 30 years. For the launch of an investment conference in Baghdad soon, to receive Gulf investments in Iraq.
Al-Sharq Al-Awsat newspaper quoted Iraqi Ambassador to Saudi Arabia Qahtan Al-Janabi as saying that "Riyadh yesterday witnessed the launch of a strategic joint action plan between Iraq and the GCC General Secretariat, which included the signing of memorandums aimed at enhancing cooperation between the two sides in five vital sectors "He said.
Al-Janabi said that "a meeting was held yesterday in the Saudi capital Riyadh between an Iraqi delegation led by Nizar al-Khairallah, the senior agent of the Foreign Ministry and the General Secretariat of the Gulf Cooperation Council, headed by Assistant Secretary-General for Political Affairs and Negotiations, Joint between Iraq and the Gulf Cooperation Council countries, "revealing an" investment conference, will be arranged soon in Baghdad during this year. "
"This plan was approved yesterday by the Iraqi Council of Ministers and the General Secretariat of the Gulf Cooperation Council, which is now ready and will be worked on by both parties with a view to activating its details and forming a joint Iraqi-GCC committee."
According to Ambassador Janabi, under the plan, memoranda of understanding will soon be signed between the two parties "to strengthen cooperation and partnership in the political, security and military sectors to coordinate political positions and consultations on regional and international issues, as well as military coordination and training, to enhance security in the region and combat terrorism, the organization".
"The second sector in this plan of cooperation is the commercial and economic investment sector to explore and exploit the great opportunities in Iraq by the GCC countries and to facilitate the movement of goods between Iraq and the GCC countries by signing memorandums of understanding to facilitate the movement of goods, With the standards and customs, "pointing out that" the third sector is education, to exchange experiences and provide scholarships and cooperation and coordination of positions and twinning of universities, while the fourth sector includes health and the environment, through the adoption of health programs and the exchange of training and expertise in the medical and health. "
"The GCC countries are keen to create consensus and agreement with Iraq on the environment and its health as a vital area, especially as Iraq is an important part of the region, in the presence of other countries, to develop a strategy to protect the environment and Iraq is ready to sign and implement what is agreed upon "He said.
The Iraqi ambassador stressed that "the fifth sector in this plan is the sports sector and youth," adding that "the two sides stressed the importance of activating Iraq's membership in the GCC system in this sector specifically, and work to integrate various types of sports in Iraq with their counterparts in the GCC countries , As well as to promote youth outreach on both sides. "
A statement issued on the joint meeting between the General Secretariat of the Council of Cooperation and Iraq yesterday, and that the meeting came from linking the GCC States in Iraq, the bonds of fraternity and neighborliness, and their common interests and destiny, and lofty goals, achieving the welfare and development of peoples. The two sides agreed to form a joint committee to follow up and continue coordination and consultation between the two parties, "he said.
The two sides discussed ways to strengthen the existing relations between GCC states and Iraq in the economic, political, security, cultural, media, education, health and sports fields in the light of the joint work plan for the period from 2019 to 2024, agreed upon by the two sides.
The two sides agreed to strengthen strategic political coordination between the two sides to enhance security and stability in the region, combat terrorism and promote economic plan in the fields of trade, industry, investment, oil, energy, agriculture and the private sector.
South Korea and UAE renew deal to swap currencies more than $ 5 billion for 3 years
13th April, 2019
South Korea's central bank said it had agreed to renew a currency swap agreement with the UAE to boost financial stability for both countries.
The $ 5.4 billion currency swap, first signed in 2013 and completed in October 2016, will be put into effect by April 2022, the Bank of Korea said in a statement, adding that talks to extend the deal had been postponed due to disagreements on regulatory issues.
South Korea has currency swap agreements totaling more than $ 132.8 billion with more than seven countries, including China, Canada and Switzerland. LINK
MilitiaMan: btw South Korea built a huge housing Project outside of Baghdad, don't think they don't have Dinars. Also, the IMF is talking about a new SDR currency. Now think about that. All those big names in the SDR baseket now most likely are holding Dinar.
If so, they are all going to get a big shot in the arm supporting their respective values of their currencies, just as the UAE may by being a part of the AMF basket, just as Iraq is..imo ~ MM
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