Member of Finance Committee: Negotiations are continuing with Kuwait to extinguish the debt .. And remove Iraq from Chapter VII will be achieved soon

[yota691]

Member of Finance Committee: Negotiations are continuing with Kuwait to extinguish the debt .. And remove Iraq from Chapter VII will be achieved soon

On: Wednesday 07/11/2012 12:06

Baghdad (news) .. Most likely a member of the Finance Committee MP / National Alliance / Secretary Hadi, lifting the seventh item imposed by the United Nations on Iraq soon after ongoing negotiations with Kuwait to extinguish or pay financial debts to it.

said Hadi (of the Agency news) on Wednesday: There are committees composed of by both Iraq and Kuwait on how to pay financial debts owed ​​to Kuwait and turn off each other, adding that negotiations are ongoing and continuous for the purpose of raising Iraq's Chapter VII imposed on it by the United Nations since the nineties of the last century. He added that these negotiations will bring positive results to lift the Chapter VII soon and perhaps this year. and give Iraq the membership of World Trade, said that Iraq's entry into the WTO is not subject to the lifting of Chapter VII, but there are some countries powerful this organization required the lifting of all UN resolutions imposed on Iraq to be granted membership of the organization. He noted : that Iraq does not need this organization unless it has a robust economy, backed by the sectors of great economic Kalsnaaah and agricultural because the local product is unable to products imported from large countries that have membership in the organization, as well as they need political stability and security in the country because the border Iraq will be open to States to supply their goods to Iraq. and founded the World Trade Organization in 1995, and is one of the smallest organizations the global age, and is the successor to the General Agreement on Tariffs and Trade (GATT), which was established after World War II, and its primary objective is to help the flow and the flow of trade smoothly and freedom. include membership of the WTO more than (140) members representing more than (90%) of world trade. The previous system was ordered to invade Kuwait in 1990, the impact imposed on Iraq sanctions from the international community and put under Chapter VII, which makes countries it threatens international peace and security. included international sanctions prevented the import of chemicals and nuclear technology that could be used in the programs of secret nuclear, chemical and biological weapons. Has allowed the United Nations in 1995 for Iraq to sell oil in return for food, called the program (Oil for Food) No. (986). / Finished / 8. D. Q / http://www.ikhnews.com/news.php?action=view&id=48315

[yota691]

Skinner: dealing with issues of responsibility and Kuwait is not reasonable to keep Iraq under Chapter VII of the payment, while $ 51 billion

11/07/2012 11:24:26

BAGHDAD (Iba) ... He stressed government spokesman Ali al-Dabbagh said Iraq to deal with some of the issues and the responsibility of the Kuwaiti humanitarian issue of missing persons or the Kuwaiti archives, pointing out that the issue of war reparations to Kuwait must be agreed upon bilaterally.

Ali al-Dabbagh it is not reasonable to keep Iraq under this chapter until the amount required to pay a $ 51 billion.

The Iraqi-Kuwaiti relations have been positive developments as it announced the Kuwaiti Ambassador in Iraq to the insured on 30 April that his country will open soon consulates in the cities of Erbil and Basra as well as the offices of the embassy in a number of Iraqi provinces.

He emphasized that the Kuwaiti side touches the seriousness of the Iraqi government to close the outstanding issues between the two countries since the nineties of the last century, has also decided to Kuwait to cancel the fourth phase of the port of Mubarak.

The Ministerial Committee of the Iraqi-Kuwaiti joint had met in Baghdad on 29 April, and Foreign Minister Hoshyar Zebari, then signed a protocol with Kuwait for the organization of navigation in the Khawr Abd Allah, confirming that Iraq will sign a number of protocols with Kuwait during the visit of Prime Minister of Kuwait Jaber Al-Mubarak to Iraq in the last quarter of this year, while he noted that the third session of the Joint Ministerial Commission held in Kuwait in March 2013. (End) http://www.ipairaq.com/index.php?name=inner&t=politics&id=58184

Ki-moon is likely to complete compensation Kuwait early in 2015

07/11/2012 11:23:10

BAGHDAD (Iba) / follow up / ... Expressed the UN Secretary General Ban Ki-moon today expressed satisfaction with the cooperation of Iraq with the United Nations Compensation Baghdad and the continuation of the performance of five per cent of oil revenues to compensate victims of the Iraqi invasion of Kuwait in 1990, the compensation is probable completion early 2015.

Ban said in his semi-annual report which was submitted to the Security Council in this regard was issued today, I would like to express my appreciation to the Government of Iraq, especially the Committee of Financial Experts to its continued commitment to fulfilling its obligations, continued cooperation with the Committee on Compensation.

He added that the total amount of compensation paid by the Commission to now close to 4.36 billion dollars, leaving a total of $ 16 billion to be paid .. It is estimated that this amount will be paid in full by the beginning of 2015.

He noted that since the beginning of the year the Commission made the Iraqi reparations to Kuwait in two waves hit each one billion dollars, where she presented the first installment in January 26 and the second on April 26, is scheduled to be the performance of the next batch of close to 3.1 billion dollars in the 26 this month.

He said the UN Secretary General to Iraq through the Chairman of the Committee of Experts has emphasized the Chairman of the Compensation Committee of the Geneva-based importance attached by the Government of Iraq to ensure the continued respect the decisions of relevant United Nations stating that the Committee has no plans to change the current mechanism to pay 5 per cent proceeds from the sale of Iraqi oil and its products to the Compensation Fund.

He pointed out that the average monthly income from the proceeds of Iraqi oil to the Compensation Commission for the first three months of this year of nearly $ 352 million and income of the month of April amounted to 3.396 million dollars due to the increasing Iraqi oil production.

He concluded by saying that the current rates of income for the Compensation Fund indicate that the Government of Iraq to comply with its obligations under relevant Council resolutions, noting that he will be confirmed as soon as the end of the audit of the Development Fund for Iraq and the subsequent calculation. (End) http://www.ipairaq.com/index.php?name=inner&t=politics&id=58183

[Mammaw]

Wow, talk about reading between the lines. It looks like Iraq is doing its part at satisfying the debt to K, but I take it that Moon isn't looking at letting them off the hook for a while. However, on the other hand, Iraq, as I read it, is making another payment to K the 26th of July in the amount of $3+BILLION, making the total mentioned here around $5billion +. So PERHAPS that will be enough good faith for the UN to go ahead and release them of the CH 7.

We can only wait and see. But it seems to me to be good news here...with the exception that it could be as late as 2015...

Thanks for info Yota!.

[new york kevin]

Hey we all are praying that this ride will end in a rv in January 2013, which would include release from Chapter 7. I don't like it that Ki-moon is saying that he will complete compensation to Kuwait in 2015. So what does 2015 mean? Does it mean that GOI won't be released from Chap 7 until 2015 when it pays its debt to Kuwait? Does it mean that this investment won't payout till 2015?

[icfaith]

Actually, I think Moon is telling Iraq, if you want to get off CH7, then your only choice is to pay this off, in full, and be done with it, then Moon and the UN will remove Iraq from CH7.

Edited July 13, 2012 by icfaith

[unirod]

Iraq has the money to payoff Kuwait and Ban-Kai Moon knows this. Iraq has cried poor far too long while corruption has wasted billions of Dollars. How many Billions does Iraq have in bank accounts globally? Iraq is not fooling anybody who is in the know about what they are worth. IMO

[SocalDinar]

Thanks for the articles Yota!!!!

I believe Moons statements on Payment in Full to Kuwait ( 2015 ) are based on 5 cents per barrel at current production.

GO MOON!