Search the Community
Showing results for tags 'wto.'.
-
FROM OTHER SOURCES: Economist Calls On The Government To Delay Joining The WTO. ARTICLE: Economic expert, Bassam Raad, called on the Iraqi government to delay Iraq’s accession to the World Trade Organization. Raad said in an interview with Al-Eqtisad News, “Iraq, which has observer status in the World Trade Organization, seeks to join it after the removal of political restrictions that prevented this, including its exit from Chapter VII procedures of the United Nations Charter.” He added, “This endeavor has positive effects, including expanding economic partnerships and integrating it into the global economy, but on the other hand it represents a problem, especially since the demands of the WTO are to allow the access of its members’ trade to the markets & to free trade from all restrictions, as it is an organization of producing and manufacturing countries, which means opening the Iraqi local markets to imports & thus negatively affecting any attempt to rebuild the productive, industrial & agricultural sectors & leaving the economic horizon dependent on consumer imports coming from abroad.” The economic expert explained that “since Iraq depends on oil exports and oil is not subject to customs barriers by importing countries, it should be cautious before seeking to join the World Trade Organization & work towards economic reform and begin implementing plans to diversify local production & build industrial capabilities that support the trend towards exporting abroad, which contributes to enhancing the positive effects of the accession process.” -Baghdad Minister of Trade, Athir Dawood Al-Ghariri, stressed today, Thursday, the importance of Arab support for Iraq’s accession to the World Trade Organization. A statement by the Ministry of Commerce, received by “Al-Eqtisad News”, stated that “Minister of Commerce Athir Dawood Al-Ghariri met with the Saudi Ambassador and Head of the Working Group on Iraq’s Accession to the World Trade Organization, Saqr Al-Muqbil, in the presence of the ambassadors of the Arab countries in the organization to discuss mobilizing Arab support for the file of Iraq’s accession to the World Trade Organization.” The statement added, “During the meeting, the progress made by Iraq in meeting the requirements for accession and the challenges it faces in this path were reviewed.” During the meeting, Minister Al-Ghariri stressed the “importance of Arab support to strengthen Iraq’s position & achieve its goals in joining the organization.” At the same time, the Minister pointed out “the economic & commercial benefits that will accrue to Iraq and the Arab countries through this accession.” For their part, the Arab ambassadors expressed their “readiness to support Iraq in its efforts,” stressing “the importance of strengthening Arab cooperation in international organizations.” -Expert in energy economics, Kofd Sherwani, called on the government to accelerate implementation of gas isolation projects associated with oil extraction operations, while he stated that importing natural gas from countries costs Iraq billions of USD. Sherwani said, “Iraq possesses huge natural gas reserves amounting to 132 trillion standard cubic feet.” Pointing out, “Projects for isolating associated gas in the southern fields must be expedited, so that they can be used in operating electrical power plants.” Sherwani added in a press interview, “These projects were supposed to be accelerated more than ten years ago so that Iraq would reach the stage of sufficiency & dispense with importing natural gas & electricity from any other source.” He pointed out, “The rate of burning gas in Iraq decreased from 40% to 35%, according to the statements of the Ministry of Oil, that stopping gas burning will occur within three years, while sufficiency of natural gas will occur within five years ” Noting that, “This matter will save the state billions of Dollars, amounting to 4 or 5 billion Dollars spent annually on importing natural gas & electricity.” The energy economics specialist stated, “The United States has placed restrictions within the sanctions imposed on Iran, while placing restrictions on sending the financial compensation for imported gas and electricity, and when these payments are delayed, Iran sometimes reduces or cuts the quantities processed as a form of pressure on the Iraqi government to pay what it owes.” Accumulated costs of supplied gas. He stressed, “Iraq has already paid all of Iran’s dues for the price of gas & electricity, but despite that we hope that the Ministry of Oil’s projects in isolating gas and investing in it will be accelerated to reach the stage of sufficiency & save these amounts & perhaps in the event of strengthening the capabilities to produce gas, Iraq is reaching a stage.” Export for the period after five years or a little more.” -Despite Objections, Basra Council Prepares To Vote On 2024 Budget. He continued, “The reason for the interruptions of imported natural gas from Iraq is that the areas from which gas is supplied from countries are already in need of gas, and this need increases in some seasons, because this gas is used in power stations & to equip some laboratories, because they represent the regions.” In the final distribution network, there is always little flow & many stops, and this causes interruptions that directly affect the supply of electrical energy, some of whose stations depend on imported Iranian gas at an amount of 50 million cubic meters per day.” The energy economics specialist stated, “The US has placed restrictions within the sanctions imposed on Iran, while placing restrictions on sending the financial compensation for imported gas & electricity & when these payments are delayed, Iran sometimes reduces or cuts the quantities processed as a form of pressure on the Iraqi government to pay what it owes.” Accumulated costs of supplied gas. He stressed, “Iraq has already paid all of Iran’s dues for the price of gas & electricity, but despite that we hope that the Ministry of Oil’s projects in isolating gas and investing in it will be accelerated to reach the stage of sufficiency & save These amounts & perhaps in the event of strengthening the capabilities to produce gas, Iraq is reaching a stage.” Export for the period after five years or a little more.” -Despite Objections, Basra Council Prepares To Vote On 2024 Budget. Basra Basra Governorate Council confirmed, today, Thursday (July 18, 2024), its intention to pass the Budget for the current year 2024 at the end of next week, as the study of the project plan for the current year 2024 will be completed & approved in general. The head of the Design Bloc in the provincial council, Aqil Al-Furaiji, told Baghdad Today, “The council will work to host officials from the directors of all departments to discuss the sectors included in the projects of the current year 2024, as they are the beneficiaries, to involve them in the discussions & for the purpose of reviewing them in detail.” He explained that “the committee’s work continues even on holidays to complete the plan and submit it to the provincial council for approval at the end of next week,” noting that they are “promising projects that will benefit the Basra citizen.” Basra Governorate MP Dhurgham Al-Maliki had confirmed in previous press statements that the governorate was counting on the 2023 budget, of which only 30% had been spent. -MP Al-Maliki said that Prime Minister Mohammed Shia Al-Sudani confirmed to him that there is 70% of Basra’s money remaining & has not been circulated. It is a trust with the government & will be spent with what was allocated to Basra in the current year’s budget. Al-Maliki pointed out that there are accumulated amounts of Basra’s dues from petrodollar amounts estimated at 20 trillion Dinars & that schedules & a mechanism for disbursement must be established, noting that many projects have been allocated to Basra in the 2023 Budget & are awaiting the release of funds to complete them. He explained that Basra is not counting on the 2024 Budget, but rather on last year’s budget to complete projects. Members of the Basra Council and representatives of the province in the House of Representatives had criticised & objected to the decision to reduce the financial allocations for the province from 2 trillion & 900 million Dinars to only 850 billion. This came as a great shock to the governorate, which is the economic capital of Iraq, as the allocations are not even enough to cover the debts of companies and contractors tasked with service projects, according to official statements, stressing the need to reconsider the decision in a manner that is consistent with the size of the governorate & its needs for projects.
-
Here's two articles of Dinarian interests... Iraq continues it's efforts to meet WTO guidelines. Treat as a rumors. Not verified. Your opine. TNT via Tishwash: They Are Running This Again. Iraq Continues Its Efforts To Gain Membership In The WTO. ARTICLE: The Ministry of Commerce confirmed the government's aspiration to join the WTO, especially after the Saudi representative in the organization, Saqr Al-Muqbel, was named to manage Iraq's accession file, noting that his recent visit to Baghdad contributed to addressing a number of important files. The ministry’s official spokesman, Muhammad Hanoun, said, “Iraq has joined as an observer in the WTO since 2004 & until 2023 this accession faced many problems & challenges, the most recent of which is the failure to pay dues to join the observer organization. However, after the announcement of the government program by PM Muhammad Shia Sudanese began working again on the possibility of Iraq joining this organization, as two sessions took place and a dialogue was held with the organization by the Iraqi negotiating team headed by the Minister of Trade, Atheer Al-Ghurairi, which included all the relevant Iraqi ministries & bodies. Hanoun added, “The WTO assigned the Saudi representative to the organization, Saqr Al-Muqbel, to manage the file of Iraq’s accession & he came to Baghdad on an important visit & met with the Iraqi negotiating team & many issues were addressed, the most important of which were the files of goods & services, as well as the legislation that the Iraqi economic reform team in the PM’s Office would carry out.” By addressing it within the frameworks & legislation within which the WTO operates.” He continued, "Joining will achieve many things for Iraq, most notably that it will support the file of Iraqi goods & facilitate their entry into global markets & secondly, the harmonization of Iraqi laws & regulations with international laws & regulations," pointing out that "Iraq has today become a major economic player on the world level & needs to harmonize Iraqi laws with international laws." . He stressed, “Minister of Trade Atheer Al-Ghurairi attended the 3rd session of the WTO, which was held in the Emirate of Dubai in the UAE & met with the Assistant Director-General of the organization. We believe that the meeting will achieve progress in achieving the government’s aspirations regarding accession in an accelerated manner,” appreciating “the Saudi efforts in overcoming many special obstacles.” Iraq's accession to the WTO. Tishwash: Trade Confirms The Processing Of Files Within Efforts To Join The WTO. ARTICLE: The Ministry of Commerce confirmed the government’s aspiration to join the WTO, especially after the Saudi representative in the organization, Saqr Al-Muqbel, was named to manage Iraq’s accession file, noting that his recent visit to Baghdad contributed to addressing a number of important files. The ministry’s official spokesman, Muhammad Hanoun, told a news agency: “Iraq joined as an observer in the WTO from 2004 & until 2023, this accession faced many problems & challenges, the most recent of which was the failure to pay dues to join the observer organization, but after the announcement Regarding the government program of PM Muhammad Shiaa Al-Sudani, work began again on the possibility of Iraq joining this organization, as two sessions took place & a dialogue was held with the organization by the Iraqi negotiating team headed by the Minister of Commerce, Atheer Al-Ghurairi, which included all the relevant Iraqi ministries & bodies. Hanoun added, “The World Trade Organization assigned the Saudi representative to the organization, Saqr Al-Muqbel, to manage the file of Iraq’s accession & he came to Baghdad on an important visit & met with the Iraqi negotiating team & many issues were addressed, the most important of which were the files of goods & services, as well as the legislation that the Iraqi economic reform team in the PM’s Office would carry out.” By addressing it within the frameworks & legislation within which the WTO operates.” He continued, "Joining will achieve many things for Iraq, most notably that it will support the file of Iraqi goods & facilitate their entry into global markets & secondly, the harmonization of Iraqi laws & regulations with international laws & regulations," pointing out that "Iraq has today become a major economic player on the world level and needs to harmonize Iraqi laws with international laws." He stressed, “Minister of Trade Atheer Al-Ghurairi attended the 3rd session of the WTO, which was held in the Emirate of Dubai in the UAE & met with the Assistant Director-General of the organization. We believe that the meeting will achieve progress in achieving the government’s aspirations regarding accession in an accelerated manner,” appreciating “the Saudi efforts in overcoming many special obstacles.” Iraq's accession to the WTO.
-
Here's an article of Dinarian interests... Iraq Returns To The WTO 14 Years After Its Expulsion. Treat as a rumor. Not verified. Your opine. TNT via Tishwash: So Are They In Or Not? Iraq Returns To The WTO 14 Years After Its Expulsion. ARTICLE: Iraq is preparing for a major change in the trade file with the countries of the world & is preparing to exceed the limits set for Iraqi goods, with its return to the WTO 14 years after it was expelled as a result of its failure to adhere to the organization’s meetings. The head of the Kingdom of Saudi Arabia’s mission to the World Trade Organization/the Saudi Permanent Representative to the World Trade Organization & responsible for the file of Iraq’s accession to the WTO, Saqr al-Muqbel, visited Iraq today, Monday & delivered a speech in which he reviewed the importance of joining the WTO. Al-Muqbil said in a press conference followed by a news agency, “I find Iraq’s accession to be a serious message from Iraq to the whole world, that Iraq is continuing its path of engagement with the whole world,” adding: “I find myself among my loved ones & brothers to do everything we have for your participation.” “The Kingdom’s successful experience in joining the World Trade Organization.” He explained, “The Kingdom joined the World Trade Organization in 2005 & our non-oil merchandise exports amounted to about 18 billion Dollars & exports have now reached 84 billion Dollars with the world,” noting that “the Kingdom’s service exports alone amounted to about 11 billion Dollars in 2005 & have now reached more than 34 billion Dollars. He pointed out that “these achievements depend on Iraq’s signals to join & accelerate its pace to find Iraq in its usual position & as one of the largest economies in the Arab region & the Middle East.” For his part, the Iraqi Minister of Commerce, Atheer Al-Ghurairi, said, “Iraq is taking steps to return as a strong economic player by opening relations with Arab countries & all countries of the world,” noting that “today, within a year, we were able to finalize three files and submit them to the committee related to Iraq’s accession to the WTO.” global trade in goods & services. He stated that “Iraq joined as an observer in the WTO in 2004 & in 2009 Iraq stopped meetings &d reached the point of being removed from the organization & last year 2023, through continuous work on that & with the help of Saudi Arabia & the head of the Saudi mission in the organization, Iraq returned as an observer to the organization.” Global trade & we accomplished in one year the equivalent of more than 15 years’ work.”
-
Here's some articles of Dinarian interests... Several articles suggests Iraq will join WTO, Friday. Treat as rumors. Not verified. Your opine. MarkZ via PDK: Joining The WTO. ARTICLE: I am still getting Friday night through Sunday morning from nearly all of my contacts…. I am being told that Iraq on Friday is expected to join the World Trade Organization and that they have a fully international currency. This means a lot needs to happen in the next 24-36 hours. We are going to watch it closely. From Other Sources: Iraqi Dinar Iraqi - Dinar Revaluation News. THREAD: Dinar at $3.22. Iraqi Dinar latest RV update MarkZ: Things Are Looking Very Good. MZ THREAD: Member: GOOD MORNING, EVERYONE!! Member: Is today the day! Hope Mark has good news!!! Member: Charlie Ward always thought it would happen on a Thursday!! Let’s hope it does. MZ: I am still getting Friday night through Sunday morning from nearly all of my contacts….to expect the release of bonds ect…..Let’s hope they are accurate. Things are looking very good, but manage your expectations. MZ: I am being told that Iraq on Friday is expected to join the WTO & that they have a fully international currency. This means a lot needs to happen in the next 24-36 hours. We are going to watch it closely. Member: Isaac is saying he is waiting for a very important CC today. MZ: He is not the only one on the bond side that is waiting for that update…As I understand it – it is to update them on if they are still on schedule for the anticipated economic receipt…..meaning they will be able to spend their money without any restrictions. Member: Mark, any news on the redemption center folks.. are they working this weekend? Member: Mark will you have the number we can call to exchange when this happens? MZ: I am told I will have a 800 number or a secure link you can use to get your number. I am told I should have those about 30 minutes before its time to announce it. Member: Dinar Recaps says they will also send an email notice when the RV happens. MZ: Yes- I am told that Recaps and a number of dinar sites will be sent those out to publish and email them. They do not have the numbers now so do not frustrate them and you with asking. I was told by two participating banks that they will issue instructions to the larger aggregating sites when it is time to send them out to their massive mailing lists. MZ: My plan is to let you know via youtube,Telegram, rumble Twitter or X…. Member: With the QFS system do we need to worry about having more insured with the FDIC? MZ: Mr. C is confident we will not need to worry about insuring accocunts…..I will probably be paying for extra insurance until I feel real good about the QFS. . Member: my bank told me over a month ago their bank is already backed by the QFS the teller told me and was very adamant about it Member: The forex closes Friday at 5 est time and doesn’t open back up until Sunday at 6 east. The rate has to show on the FX to exchange at the RI/RV rate…imo. Member: Mark –do you think Nesara & the global RV is already done? MZ: I think they are prepared & just awaiting the release. I can tell you there was an attempt to release it all last weekend & it was punted to happen sometime this week. Member: Mark, are you still hearing our current bank accounts are mirrored and safe in the QFS ? MZ: I am. But we shall see. Member: I think it may happen 11/11 at 11:11 is the day & time…Chinese love numerology. Member: Maybe this is considered our 3-day weekend… Veteran’s Day is the 11th!! Member: My bank is closed tomorrow in observance of Veterans Day. Member: Encyclopedia has now changed the definition of the word “Soon” . LOL. Member: “Be kind to yourself as you proceed along this journey. This kindness, in itself, is a means of awakening the spark of love within you & helping others to discover that spark within themselves.” TB Member: We create our own reality. I’m making mine a beautiful one! Whatever I’m blessed with, well I’m hoping it’s a lot, to do more projects with it Member: Thank all…..Looking forward to this 3 day weekend…..have a good feeling this really may be it!!!
-
here's an article from Dinarland... Iraq's requirements to enter into WTO. Treat as a rumor. Not verified. Your opine. ARTICLE: Government Movement To Complete The Requirements For Accession To The WTO. On Wednesday, It was revealed, the Minister of Commerce detailed it's plan to complete the requirements for Iraq's accession of the WTO.
-
Luigi came across theses rumors. First article states CBI must be compliant by the 1st or wait until next window entry into the WTO next year. It's do or die for Iraq to get 'er done. The second article claims it's done & we will be going on any moment. Not varified. Your opine. 23 Feb 2016 WSOMN : Dusty: Rumor is out that Iraq signed 28 agreements on the 8th of Feb that all intel about them going into the WTO on March 1st and have to have recognized tradable Internationally currency at that time-- we wait to see ==but had to be done by end of Feb for that to happen Tank: Ok roomies..Big difference..100 year charter of fed up November 2013....Since then China doing slow rooooooooollout with russia...Now they have THE BANK..WIRE SYSTEM,,RESERVE STATUs..we have nothing anymore stand on..SA depegging from dollar..all our govt has is our DINAR and 4.5 trillion from war repirations Saseearay: Mar 1 Iraq is being welcomed into the WTO... they cannot do that without an international recognized currency rate Iraq will be article 8 compliant by the IMF and the UN's Ban ki moon will welcome them into the wto... a big celebration is planned... i heard the IMF is allowing iraq to go mar 1 and finish the last 30 days of compliance after they revalue. Laszlo: only once a year is they can get into the WTO….. If they miss it, then its next year 23 Feb 2016 From Joyng @ WSOMN Guys I believe this to be absolutely true. It goes along with what Martha is saying. BE READY!! Good Evening Everyone, Please find tonight’s update from our funders: "It would appear that the redemption process has picked up steam and is surging full speed ahead. Our sources tell us that multiple redemption sources have begun to rapidly process currency transactions starting today. We have gotten word from several colleagues and clients who have been invited to redeem. This is shaping up to be a fantastic week for currency holders. As for the bonds, all new submissions have finally been halted. Bond redemption/monetization will likely surge ahead after the bulk of the currency transactions have been processed. There are no more delays! Any waiting we are doing from now and until the blackout is simply a function of redemption centers' bandwidth and hence their ability to get to our deals. We hope you are all are ready.