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Latest from the goat... So for Iraq’s accession process it appears yet another huge step is about to take place. I quote from the today’s article – “The National Committee, the technical committees emanating from it, and the accession team in the ministry were able, within a short period, to complete these files and submit them to the organization in preparation for holding the third meeting of the working group on Iraq during the current year, 16 years after the date of the second meeting of the group in 2008.” So, in 2024, I assume sometime soon, the National Committee will hold its third meeting with Iraq on the accession review. Remember also that the Sadie Arabia is sponsoring Iraq for the WTO and we recently also learned the US is now onboard too. With the US now backing Iraq this should move along quickly now. So does Iraq need a viable currency to trade? Of course they do and they already have it with the 3 zero notes. There is no requirement stated anywhere that they need anything else. However, having said this let me add I sincerely do not believe for one second that they are going to join the WTO with these notes as their currency. First, they will have to be reinstated on FOREX just before or after their full accession. Why?

Luigi say... found a couple of articles that could be beneficial to a currency RV. Trade frictions between nations eased...improves the climate for economic changes. Not varified. Your opine. 11-11-2017 rumors from around the web... according to an email...showing the World Trade Organization (WTO) schedule for the upcoming week:] "Informal Working Party on the ACCESSION OF IRAQ to the WTO is scheduled for 10 a.m., Friday, Nov. 17, 2017" Now how cool it that. WTO accession on 11/17/2017... Who said next year into 2018 today? lol WE all know the indicators Iraq has given us, have this on target for completion and this is a reality... 10 Nov 2117 rumors from around the web... US, China Sign 37 Deals Worth $253b The agreements, some of which were less than firm contracts, signed at a ceremony attended by Trump and his Chinese counterpart, Xi Jinping, included the purchase of US-made chipsets, jetliners and soybeans. The two sides agreed to cooperate on a gas project in Alaska they valued at $43 billion and a shale gas demonstration project valued at $83.7 billion. Saturday, November 11, 2017 rumors from around the web... The goal of the Iran central bank is to entrench the rial in the currency basket of other nations. Iran’s Central Bank Expanding Use of Rial in Foreign Trade.

Customs tariff application centers starting next Saturday 7/30/2015 0:00 Thwarting two attempts to enter the narcotic pills and foodstuffs corrupt Basra Saad al-Sammak, General Administration of Customs confirmed its readiness to implement the pricing tariff law on imports through border ports of the country, to be implemented from next Saturday, at a time when the elements of Customs Safwan border Directorate foiled in the province of Basra , two attempts to enter the narcotic pills and food unfit for human consumption coming from Kuwait. General Customs chief engineer Hakim Jassim Al-Hassan said in a statement the "morning": that the authority has completed all administrative and accounting preparations to amend the fees rates in accordance with the pricing of the tariff law in all customs centers in ports, airports and border crossings Albraih.wachar that the law which was approved by the House of Representatives in 2010 has been postponed action whereby the request of the former central government, until a settlement with the Kurdistan region to be applied at border crossing points for Akulaim.wachar Hassan to train employees of the centers and the Angels Directorate on how to deal with these computational variables, to maximize the economic resources of the state and protect the national economy from dumping commodity bad, and to ensure the smooth completion of customs formalities as soon as. He explained Hassan said Iraq is the first country to operate tariff number Law (77) of 1955, which remained in effect until the year 2004 when it was canceled by decision of the President of the Government Coalition Provisional at the time, Paul Bremer, and replaced it charges the reconstruction of Iraq, pointing out that the application of this law will result in a range of benefits, such as encouraging the private sector to run small and medium-sized plants, indicating that the rate of duty starts from the exempt to 20 Palmih.ostdrick Director of Customs, he said: that the law is not without some drawbacks that need to be addressed to protect consumers and local markets, without referring to it. The government has issued the end of the month of June a decision to apply the tariff system on imported goods As of August , but that ran into opposition from among traders and some economic entities that divided between supporters and opponents of the application, as he emphasized the economic expert resident in the Gulf Majed Hilal, that the application of the tariff will unite fees imposed on commercial imports for countries Almntqh.mn Meanwhile, Director General of the Association revealed Customs for enabling a group of employees of the Customs Center Safwan in Basra province, from foil two attempts to enter the narcotic pills food items damaged to come to the country from Kuwait, through Safwan Alhdodi.ozkr that port first was an attempt to enter pills narcotic hidden inside cans of chocolate, the Iraqi holder arrest nationality, while the second was aimed at introducing the amount of expired food to the country, and was also the Indian nationality holder arrest.

Director-General Roberto Azevedo gestures as he is congratulated by delegates after the closing ceremony of the ninth World Trade Organization (WTO) Ministerial Conference in Nusa Dua, on the Indonesian resort island of Bali December 7, 2013. (Pic: Reuters) Randy Fabi – 07 December 2013 The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy. The approval came after Cuba dropped a last-gasp threat to veto the package of measures. "For the first time in our history, the WTO has truly delivered," WTO chief Roberto Azevedo told exhausted ministers after the talks which had dragged into an extra day on the tropical resort island. "This time the entire membership came together. We have put the 'world' back in World Trade Organization," he said. "We're back in business...Bali is just the beginning." The talks, which had opened on Tuesday, nearly came unstuck at the last minute when Cuba suddenly refused to accept a deal that would not help pry open the U.S. embargo of the Caribbean island, forcing negotiations to drag into Saturday morning. Cuba later agreed on a compromise with the United States. Speaking today on his return from WTO's 9th Ministerial Conference in Indonesia, Minsiter for Jobs Richard Bruton T.D. welcomed the historic breakthrough in world trade negotiations that has been achieved. “What was agreed in Indonesia is globally significant. It will cut customs red tape and bureaucracy, making it cheaper, smoother and quicker for exporters to sell internationally. It is highly significant for agriculture, trade facilitation and support for developing countries. It will help provide food security for billions of people, while opening new markets for less developed countries to sell more, helping their economies grow and take greater strides in tackling poverty," he said. “This clearly shows that the WTO can deliver new trade rules to bring economic opportunity and benefits to business - and ultimately jobs - in developed and developing countries alike.” But there was skepticism how much had really been achieved. "Beyond papering over a serious dispute on food security, precious little was progress was made at Bali," said Simon Evenett, professor of international trade at the University of St Gallen in Switzerland. "Dealing with the fracas on food security sucked the oxygen out of the rest of the talks." The talks had begun under a cloud because of an insistence by India at the outset that it would only back an agreement if there was a compromise on food subsidies because of its massive program for stockpiling food to feed its poor. India, which will holds elections next year, won plaudits at home for taking a stand on behalf of the world's poor. An eventual compromise was greeted with jubilation by Trade Minister Anand Sharma. While India had insisted on a permanent exemption from the WTO rules, the final text aimed to recommend a permanent solution within four years. But the agreement is a milestone for the 159 WTO members, marking the organization's first global trade agreement since it was created in 1995. It also rescues the WTO from the brink of failure and will rekindle confidence in its ability to lower barriers to trade worldwide, after 12 years of fruitless negotiations. The deal would lower trade barriers and speed up the passage of goods through customs. Analysts estimate that over time it could boost the world economy by hundreds of billions of dollars and create more than 20 million jobs, mostly in developing countries. It still needs to be approved by each member government. "It is good for both developed and developing members alike," U.S. Trade Representative Michael Froman said. A study by the Washington, D.C.-based Peterson Institute of International Economics estimated the agreement would inject $960bn (€700bn) into the global economy and create 21 million jobs, 18 million of them in developing nations. The deal slashes red tape at customs around the world, gives improved terms of trade to the poorest countries, and allows developing countries to skirt the normal rules on farm subsidies if they are trying to feed the poor. The ministers had gathered with a clear warning that failure to reach agreement in Bali would turn the WTO into an irrelevance and trigger a rush towards regional and bilateral trade pacts. It came almost 20 years to the day since a similar nail-biting conclusion to another marathon negotiation - the talks to agree the creation of the WTO itself, which wrapped up in mid-December 1993. That was the last global trade deal. The Bali meeting was also noticeable for its lack of anti-WTO protests compared to the street battles when ministers met in Seattle 14 years ago. The Bali accord will help revive confidence in the WTO's ability to negotiate global trade deals, after it consistently failed to clinch agreement in the Doha round of talks that started in 2001 and proved hugely over-ambitious. As the Doha round stuttered to a halt, momentum shifted away from global trade pacts in favor of regional deals such as the Trans-Pacific Partnership that the United States is negotiating with 11 other countries, and a similar agreement it is pursuing bilaterally with the European Union. Reuters Source: http://www.independent.ie/business/world/wto-overcomes-last-minute-hitch-to-reach-its-first-global-trade-deal-29818851.html