Germany stands ready to support Iraq in its ECONOMIC TRANSFORMATION - 06/14/2016

[sandfly]

THE WORLD IS CALLING

[yota691]

Minister of Planning and discuss with Merkel's envoy rehabilitation of agriculture and industry as substitutes for oil

History of edits:: 06/15/2016 12:41 • 57 visits readable

[Oan- Baghdad] 
Research and Planning Minister Salman Jumaili with Joerg Asmussen economic adviser to German Chancellor Angela Merkel, opportunities to support Iraq in the face of the financial and economic challenges faced by the decline in oil prices.

According to a ministry statement received by all of Iraq [where] a copy of it, the two sides also discussed "promoting economic and investment relations between the two countries." 
And accept Jumaili during the meeting, according to the statement , " the economic and financial situation in Iraq and the challenges faced in light resulting from the decline in prices of economic crisis oil and the battle against terrorism, and what are the areas that can provide support and support for the Iraqi government in the field oftechnical support and capacity building and rehabilitation of various development sectors reviewing reforms and treatments taken by the Iraqi government as it seeks to cope with the financial crisis , which packs. " 
among Jumaili" the government is moving toward activating the development sectors alternative other oil, including the agricultural and industrial sectors to Iraq possessed the potential in these areas , "calling on the German government to" provide support to help the government in this context by taking advantage of the German experience in the development of agriculture and the privatization of state - owned industrial companies. " 
the Minister of planning to, that "investment and industrial environment in Iraq is the environment Bakr and applicable laws, including the Iraqi investment law allows foreign companies to contribute with the Iraqi state -owned companies in order to qualify." 
He praised Jumaili "deeply bilateral relations between the two countries, which extends for long periods , " and expressed his "thanks the Iraqi government to its counterpart German on the strong support of Iraq and was one of the means of support for Iraq a loan of 500 million euros. " 
for his part , the German envoy" for his country 's desire to expand the framework of support for Iraq in the face of circumstances through which, especially as directed by Chancellor Merkel on helping Iraq reforming the administrative and economic structures "directed" the process of calling for planning Minister to visit Berlin and see the economic and industrial reality of Germany and how to take advantage of the available expertise in the rehabilitation of agriculture and industry in Iraq. " the 
two sides also discussed" ways to promote economic relations between the two countries and the restructuring of the Iraqi economy in light of the circumstances economic variables, and the possibility of benefiting from the expertise and experience German in this area. " 
the statement continued , " It was also discussed the economic reforms initiated by the government and create jobs through vocational training program in banking, transport and strengthening the private sector in addition to the implementation of projects in all the provinces. " 
He noted to "discuss the possibility of rehabilitating the railway linking Iraq via Turkey , Germany , the line of what is represented by the line of the economic importance of the two countries as well as a connecting Asia to Europe."

[Synopsis]

Thank You, Yota, for posting this and all the other great articles!

The article states at the end, "He noted to "discuss the possibility of rehabilitating the railway linking Iraq via Turkey , Germany , the line of what is represented by the line of the economic importance of the two countries as well as a connecting Asia to Europe.""

Getting this railway reconstructed to modern rail standards would be an aid to bolstering the Iraqi economy to allow for Iraqi goods to be readily transported to Europe.  I suspect Iraq could also collect tariffs on foreign goods passing through.

[Bama Girl]

On June 14, 2016 at 2:39 PM, SnowGlobe7 said:

SnowGlobe, every time I see this picture, I start feeling labor pains, and fully expecting triplets LOL 

[SnowGlobe7]

Bama...I feel your pain!!!!!

[Laid Back]

Countries, banks, religious leaders, IMF, WB, UN, WTO giving total support to Iraq.

iraq is getting everything in order to open to international business but they still have a lot of work to do.

I'm really excited with the latest news and the statement from the IMF about Iraq been part of the international market first half of 2016

If nothing happens before July 01, I'm looking forward to January 2017

just an opinion from my hammock.

Go support

Go international market

Go dinar

Go increase exchange rate

Go $1:1+

Go ASAP