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Trade Minister to his Kuwaiti counterpart: We came with an open heart to discuss and address all things


yota691
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 money and business


Economy News Baghdad

Kuwait's Al-Qabas newspaper said that the Minister of Commerce and Industry and Minister of State for Services Khaled Al-Roudhan will lead a high-level delegation to meet with an Iraqi government delegation next week at Safwan-Abdali port.

The newspaper said that the aim of this meeting is to complete "finalization before signing the agreement on the start of the establishment of the« Kuwait-Iraq free market », near the international borders of the two countries.

Al-Qabas quoted sources as "follow-up" that "the Kuwaiti delegation headed by Rawdhan will be represented by the highest level in the Commission for the encouragement of direct investment, the General Administration of Customs, in addition to other related parties."

The idea of the Kuwait-Iraq Free Zone is back in 2010, when the governments of the two countries, at the time, approved the initial establishment of a joint free market near the port of Safwan-Abdali, but some obstacles prevented it.

Views 37   Date Added 11/07/2019

 
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Iraqi-Kuwaiti high-level meeting to establish a joint free market

Economy | 11:49 - 11/07/2019

 
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BAGHDAD - scales News 
reported the Kuwaiti newspaper Al - Qabas, the Minister of Trade and Industry, Minister of State for Services Affairs, Kuwaiti Khaled Rodan, will head a high - level delegation to meet with an Iraqi government delegation next week, in the port area (Safwan - Abdali). 
The paper, which was read by Mawazin News, said the meeting was to finalize the agreement before signing the agreement to start the establishment of the Kuwait-Iraq Free Market near the international borders of the two countries. 
"The Kuwaiti delegation, headed by Rawdhan, will be represented by the highest level of direct investment promotion, the General Administration of Customs and other related parties," the sources said.
The idea of the Kuwait-Iraq free zone is due to 2010, when the governments of the two countries then expressed their initial approval for the establishment of a joint free market near Safwan-Abdali port. However, some obstacles prevented this.

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2019/07/11 14:04
  • Number of readings 41
  • Section: Iraq
  •  

Kuwaiti-Iraqi talks to establish free market between the two countries

Baghdad / Al-Masala: An Iraqi government delegation will meet with Kuwaiti Minister of State for Trade and Industry Khaled Al-Rawdan next week to approve the free market between the two countries.

"Al-Rawdan will lead a high-level delegation to meet with an Iraqi government delegation next week in the area of Safwan-Abdali port," Al-Qabas newspaper quoted sources as saying.

The sources pointed out that "the talks will be to finalize the finalization before the signing of the agreement to start the establishment of" Kuwait-Iraq free market, "near the international borders of the two countries."

The sources revealed that "the Kuwaiti delegation headed by Rawdan will be represented by the highest level in the Commission to encourage direct investment, and the General Administration of Customs, in addition to other related parties."

The idea of the Kuwait-Iraq free zone dates back to 2010, when the governments of the two countries then agreed to the establishment of a joint free market near the port of Safwan-Abdali, but some obstacles prevented it.

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http://almasalah.com/ar/news/174642/مباحثات-كويتية--عراقية-لإقرار-السوق-الحرة-بين-البلدين

 
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Nassif: The draft economic agreement (Iraq - Kuwait) serves Kuwait at the expense of Iraq

Economy | 02:58 - 13/07/2019

 
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Baghdad - Mawazine News  
MP Alia Nassif on Saturday called on the executive and legislative authorities to reject the draft of the Iraqi-Kuwaiti economic agreement because it serves Kuwait only at the expense of Iraq, expressing its surprise that it can not be canceled or amended except by agreement of the two parties. 
"This agreement serves the Kuwaiti side more than it serves the Iraqi side. Iraq's exports to Kuwait, for example, are zero, while Kuwait will export its production to us and will become the first beneficiary of the customs exemption," Nasif said in a statement. Iraqi ports will be damaged and traders will be transferred to the free zone and will change the route of ships to the Kuwaiti ports instead of Iraqi ports and Iraq will lose the wages and returns of ships and revenues of maritime agencies and revenues of maritime services and turn in favor of the Kuwaiti ports and Iraq loses employment opportunities for cargo workers and unloading in favor of Kuwaiti ports.
Nassif said that "allowing the transit of Kuwaiti trucks is no less dangerous than the rail link on Iraqi ports, and transit serves Kuwait more than it serves Iraq." 
"The agreement can not be revoked or amended except by the agreement of the two parties. We have no right to amend or cancel them except with the consent of Kuwait. We are surprised by the Kuwaiti insistence on this paragraph in all agreements. On the right) ". 
Naseef stressed the need to reject the draft convention in toto because it does not serve Iraq, but serves Kuwait only at the expense of Iraq, "noting that:" It is common for countries to be slaves of their interests, where is the interest of Iraq Why Iraq is the only country that seeks the interests of States in the conventions Before his interests? ", Calling on the executive and legislative authorities, jurists and activists and every Iraqi Sharif to reject them in toto.

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21 minutes ago, yota691 said:

where is the interest of Iraq Why Iraq is the only country that seeks the interests of States in the conventions Before his interests?

 

Good question next question Alia Nassif , all that have invested in ur country have asked the same thing for years now ,  maybe because iraq has never attempted to engage trade with the world and been to busy with satisfying ur own corrupt thievery games in ur own little country  , bout time ur waking up , stop crying the world a river show up to vote in the goi pass laws and propel the country forward .... redeem the time you have wasted to much already ......... Cheers dv been liking all the news lately, thanks again yota 

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Thank You Buti, Yota . GA DV's . I remember a Speech late in the GW BUSH Administration . President Bush was before what looked to be a large amount of excited Investors and Wall Street types all on their feet Cheering Loudly as Bush spoke boldly of Free Markets and a Free Market Society around the world as we were still Liberating Iraq  . This Free Market agreement between Iraq and Kuwait must be a Huge agreement in remembrance of what Bush was trying to achieve while in office .

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  • yota691 changed the title to "International Arbitration" considers the Agility dispute with the Iraqi government

"International Arbitration" considers the Agility dispute with the Iraqi government

"International Arbitration" considers the Agility dispute with the Iraqi government
Company Headquarters
 14 July 2019 09:20 p
Agility 
AGLTY
 
0.00%808.000.00

KUWAIT: The International Arbitral Tribunal (ICSID) at the World Bank (ICSID) has issued a decision declaring its jurisdiction to review claims arising from Agility Public Warehousing since the date of the bilateral investment agreement between Kuwait and Iraq.

Agility, listed on the Kuwait and Dubai stock exchanges, said in a statement on Sunday it had filed an arbitration motion against the Iraqi government in February 2017, based on the agreement on settlement of investment disputes between countries and citizens of other countries. Between the Governments of Kuwait and Iraq.

The company explained that its claim was based on the fact that the Iraqi government prevented it and its subsidiary from appealing against the wrong decision of the Communications and Information Committee, which canceled its investment in Cork Telecom Iraq, and the Iraqi government's illegal implementation of this decision through the transfer of ownership of Agility and other partners In Cork to the first Iraqi shareholders in March 2019 without refunding the value of the original Agility investment.

Agility noted that the impact on the Company's financial position could not be determined as a result of the previous decision before the conclusion of the arbitral proceedings and the final award.

Agility announced in mid-April that the Ministry of Trade and Industry - Erbil Companies Directorate in Iraq had issued a decree to transfer the ownership of Agility in Iraq's Cork Telecom Iraq.

At the time, Agility said the decision to transfer the ownership of the subsidiary to Sirwan Saber Mustafa, Shaushin Hassan Shaushin and Jacky Hamo Mustafa.

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 money and business


Economy News _ Baghdad

The Minister of Commerce, Mohammed al-Ani, on Wednesday, to the province of Basra in preparation for meeting with his Kuwaiti counterpart Khaled Nasser Al-Rowdan at the port of Safwan border within the framework of the joint agreement to rehabilitate the port. 
The ministry said in a statement received by "Economy News" a copy of it, "The Minister of Commerce, Mohammed al-Ani arrived, today, to the province of Basra in preparation for meeting with his Kuwaiti counterpart Khaled Nasser Al-Rowdan in the port of Safwan border." 
"The meeting between the two ministers will discuss the development and rehabilitation of the port of Safwan Abdali in implementation of the agreement signed between the two countries, for the purpose of development and facilitate the movement of transport, which leads to increase the volume of trade exchange between the two countries and the provision of financial resources. 
"The minutes of the meeting between the Iraqi and Kuwaiti sides last February stipulated the implementation of a draft free trade agreement between the State of Kuwait and the Republic of Iraq and the establishment of a free trade zone."
The ministry added that "in the light of the minutes, the issue of entry visas for businessmen to the two countries was discussed. The two sides also discussed the rehabilitation of Safwan al-Abdali port to facilitate the movement of transport leading to increasing the volume of trade exchange between the two countries. And invite specialists from both sides to meet and coordinate to complete the technical aspects. " 
She pointed out that "a joint working group was also formed between the two countries to prepare plans, economic feasibility studies and the requirements of rail links between the two countries, as well as the formation of an economic committee to promote and develop trade and economic relations," indicating that " And investment protection. "
The ministry said that "the minutes of the previous agreement also included follow-up outputs of the Kuwait Conference and the frozen balances in the banks of both countries, in addition to the agreement of the two sides to hold meetings of the Iraqi Kuwaiti Committee at the earliest opportunity."


Views 37   Date Added 17/07/2019

 
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  • yota691 changed the title to Iraq and Kuwait agree to form four committees in four areas

Iraq and Kuwait agree to form four committees in four areas

Economy | 02:12 - 17/07/2019

 
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BAGHDAD - The balance of News 
agreed Iraq and Kuwait, Wednesday, the formation of four main committees for the development of relations between the two countries and overcome the obstacles encountered, as well as the preparation of a comprehensive plan for the rehabilitation and construction of Safwan Abdali through the preparation of new designs take into consideration the possibility of increasing the volume of trade exchange between the two countries . 
"We meet with our Kuwaiti brothers in the province of Basra, which has depth with Kuwait, and we are connected," Trade Minister Mohammad Hashim al-Ani told a news conference with his Kuwaiti counterpart in the province of Basra. Many common links ".
"The meeting was held with the Kuwaiti side in the port of Safwan Al Abdali, for the purpose of reviewing the field on the port which must be different from what it is now especially since the coming period will witness more cooperation and increase in the volume of trade exchange in light of a common desire and insistence on Overcome all obstacles. " 
Al-Ani pointed out that "the common desire to lead the two countries will contribute to addressing many of the problems and obstacles to the development of relations." 
He added that "Iraq and Kuwait agree on a high level and our view is clear in many areas, especially in Arab and international forums, and we had meetings with the Kuwaiti side and signed a joint agreement last February." 
The Minister pointed out that "
"As for the subject of free trade agreement and the establishment of a free zone between the two countries was presented to other ministries for the purpose of the statement of views." 
"Today is a historic day and it is the first delegation to visit Basra to extend cooperation with the Republic of Iraq," said Kuwaiti Minister of Trade and Industry Khaled Nasser Al-Roudhan. 
Al-Roudhan said that "economic exchange is the basis of our subject," stressing the "importance of Iraq as a sister country." 
The Kuwaiti minister said: "We saw today at the port of Safwan another modern, it is shameful to be an outlet, and we lack the establishment of good outlets and we have a recommendation to build these outlets after the completion of designs." 
Al-Roudhan revealed that "the formation of four committees to resolve the entry file," pointing out that "the committees are: the Committee for the rehabilitation of the port, the Commission to grant the attributes of entry, the Committee of the rail link, the Committee to build a free zone."
For his part, Basra Governor As'ad al-Eidani stressed on the importance of talks with the Kuwaiti side to develop the port of Safwan al-Abdali on the one hand and to increase the volume of trade exchange between the two countries and the contribution of Basra to a greater share being the province adjacent to Kuwait, which could be the main partner in any development of relations. . 
He added that the local government in Basra will prepare new designs for the development of border port and we are ready CAM to contribute with the brothers in the development and construction processes to accommodate commercial traffic that we expect them to be very large in the light of the potential of the two countries to activate it . " 
The talks were attended by a large Kuwaiti delegation representing the parties Kuwait and the ambassadors of Iraq and Kuwait in Baghdad and Kuwait.

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Release date: 2019/7/17 13:56 • 208 times read
Kuwaiti delegation arrives in Basra
(KUNA) - A Kuwaiti delegation headed by the Kuwaiti Minister of Commerce arrived Wednesday in the port of Safwan in preparation for the implementation of the terms of a trade agreement with Iraq, which was announced during the Amir's recent visit to Baghdad.
"The delegation was received by the Minister of Commerce as well as the governor of Basra and deputies for the province and the director of the border crossings." 
He added that the visiting delegation "informed the arrival of the infrastructure of the port and areas adjacent to the future plan in this direction and then went with Iraqi officials who received him to the city center to hold meetings in this regard."
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Release date: 2019/7/17 14:36 • 104 times scheduled
The formation of four committees to develop relations and increase trade exchange between Iraq and Kuwait
Iraq and Kuwait agreed on Wednesday to form four main committees to develop relations between the two countries and overcome the obstacles they face as well as prepare a comprehensive plan for the rehabilitation and construction of the port of Safwan - Abdali through the preparation of new designs taking into account the possibility of increasing the size of Trade exchange between the two countries.
"We meet with our Kuwaiti brothers in the province of Basra, which has depth with Kuwait, and we have many common links," Commerce Minister Mohammad Hashim al-Ani told a news conference with his Kuwaiti counterpart in the province of Basra. 
"The meeting was held with the Kuwaiti side in the port of Safwan-Abdali, for the purpose of reviewing the field on the port which must be different from what it is now especially as the coming period will witness more cooperation and increase in the volume of trade exchange in the light of common desire and insistence To overcome all obstacles. " 
Al-Ani pointed out that "the common desire to lead the two countries will contribute to addressing many of the problems and obstacles to the development of relations."
He added that "Iraq and Kuwait agree on a high level and our view is clear in many areas, especially in Arab and international forums, and we had meetings with the Kuwaiti side and signed a joint agreement last February." 
He pointed out that "an agreement to hold the first session of the Iraqi Kuwaiti Committee on the fifth of next September, to identify the obstacles and the launch of relations to advanced levels in all areas." 
The Minister of Trade: "As for the subject of free trade agreement and the establishment of a free zone between the two countries were presented to other ministries for the purpose of the statement of views." 
"Today is a historic day and it is the first delegation to visit Basra to extend cooperation with the Republic of Iraq," said Kuwaiti Minister of Trade and Industry Khaled Nasser Al-Roudhan. 
And between Roudhan, that "economic exchange is the basis of our subject," stressing that "
The Kuwaiti minister said: "We saw today at the port of Safwan another modern, it is shameful to be an outlet, and we lack the establishment of good outlets and we have a recommendation to build these outlets after the completion of designs." 
Al-Roudhan revealed that "the formation of four committees to resolve the entry file," pointing out that "the committees are: the Committee for the rehabilitation of the port, the Commission to grant the attributes of entry, the Committee of the rail link, the Committee to build a free zone." 
For his part, Basra Governor As'ad al-Eidani stressed on the importance of talks with the Kuwaiti side to develop the port of Safwan al-Abdali on the one hand and to increase the volume of trade exchange between the two countries and the contribution of Basra to a greater share being the province adjacent to Kuwait, which could be the main partner in any development of relations. .
He added that the local government in Basra will prepare new designs for the development of border port and we are ready CAM to contribute with the brothers in the development and construction processes to accommodate commercial traffic that we expect them to be very large in the light of the potential of the two countries to activate it . " 
The talks were attended by a large Kuwaiti delegation representing the parties Kuwait and the ambassadors of Iraq and Kuwait in Baghdad and Kuwait
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2019/07/17 14:38
  • Number of readings 25
  • Section: Iraq
  •  

Iraq and Kuwait agree to develop relations and increase trade exchange

Iraq and Kuwait agreed on Wednesday to form four main committees to develop cooperation and trade exchange between the two countries.

A statement by the Ministry of Trade and Trade said that a meeting was held today at the Safwan border crossing between Minister Mohammed al-Ani and his Kuwaiti counterpart Khalid al-Roudhan, where the two sides agreed to "increase the volume of trade cooperation and develop and reopen the Safwan border crossing, Increase the volume of exchange, through a comprehensive plan. "

http://almasalah.com/ar/news/175002/العراق-والكويت-يتفقان-على-تطوير-العلاقات-وزيادة-التبادل-التجاري

"The two sides agreed to hold the first session of the Iraqi-Kuwaiti Joint Committee on September 5 to study the obstacles and offer solutions, and to embark on advanced levels of cooperation in all fields."

Al-Ani also stressed that "the issue of the establishment of the free zone will be presented to other ministries, for the purpose of stating the point of view."

The Kuwaiti delegation stressed the importance of developing relations with Iraq as a sister country, describing the meeting as a "historic day". 

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"The two sides agreed to hold the first session of the Iraqi-Kuwaiti Joint Committee on September 5 to study the obstacles and offer solutions, and to embark on advanced levels of cooperation in all fields."

 

Kuwait knows iraq will be the next Power house in the ME

 

Go cooperation 

Go trade exchange 

Go development 

Go growth 

 

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1 hour ago, Laid Back said:

"The two sides agreed to hold the first session of the Iraqi-Kuwaiti Joint Committee on September 5 to study the obstacles and offer solutions, and to embark on advanced levels of cooperation in all fields."

 

Kuwait knows iraq will be the next Power house in the ME

 

Go cooperation 

Go trade exchange 

Go development 

Go growth 

 

I agree Laid Back, Kuwait wants their piece of th pie and I wouldn’t be surprised if Iraq pays some of its obligations with future revalued currency to make Kuwait whole

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  • yota691 changed the title to Kuwaiti Industry: Commissions with Iraq will implement joint plans

Kuwaiti Industry: Commissions with Iraq will implement joint plans

Kuwaiti Industry: Commissions with Iraq will implement joint plans
Kuwait
 17 July 2019 08:07 PM

KUWAIT: The four main committees between Kuwait and Iraq will implement the joint plans for the time being, the Director-General of Kuwait General Authority for Industry said .

He explained Abdulkareem Taqi, on Wednesday, had been identified problems facing the strengthening of cooperation between the two sides and ways to address them, in the presence of the Minister of Trade and Industry , the Kuwaiti Khaled Rodan, and his Iraqi counterpart to complete the plan developed during Zیartھm in February / last February, according to the news agency ofKuwait , "KUNA " .

He pointed out that joint plans are spearheading the development of the Safwan-Abdali port to facilitate trade exchange and movement between the two countries and the free zone plan that contributes to the investment of companies between the two countries .

The Governor of Basra, As'ad Al-Eidani, said that the development and construction of Safwan-Abdali Port was discussed with the Kuwaiti officials, complementing the initiative of Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah in his previous visit to enhance trade and economic cooperation between the two countries .

He added that the province of Basra will participate in all steps related to the agreements between the two countries who are seeking to develop and build a port (Safwan - Abdali ).

The joint Kuwaiti-Iraqi committees announced by Iraqi Trade Minister Mohamed Al-Ani and his Kuwaiti counterpart Khaled Al-Roudhan earlier today include the Border Port Qualification Committee, the Admission Commission, the Railroads Committee and the Free Zone Construction Committee .

It is worth noting that the Minister Al-Roudhan arrived in Basra today, accompanied by an official delegation, which includes representatives of various governmental bodies including the Commission for Encouraging Direct Investment, the General Administration of Customs, the Ministry of Foreign Affairs and the General Authority for Roads and Land Transport .

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Four committees to develop relations and increase trade exchange between Iraq and Kuwait

 
Baghdad / Al-Sabah
 
Kuwait and Kuwait on Wednesday formed four main committees to develop relations between the two countries and overcome the obstacles they face as well as prepare a comprehensive plan for the rehabilitation and construction of the port of Safwan - Abdali through the preparation of new designs taking into account the possibility of increasing the volume of trade exchange between the two countries.
"We meet with our Kuwaiti brothers in the province of Basra, which has a depth with Kuwait, and we have many common links," Trade Minister Mohammad Hashim al-Ani told a news conference with his Kuwaiti counterpart Khalid Nasser al-Roudhan in Basra province. .
Al-Ani added that "the meeting was held with the Kuwaiti side in the port of Safwan-Abdali, for the purpose of reviewing the field on the port which must be different from what it is now especially as the coming period will witness more cooperation and increase in the volume of trade exchange in the light of a common desire and persistence To overcome all obstacles, "noting that" the common desire to lead the two countries will contribute to address many of the problems and obstacles to the development of relations. "
Al-Ani pointed out that "Iraq and Kuwait agree on a high level and our view is clear in many areas, especially in the Arab and international forums, and we had prior meetings with the Kuwaiti side and signed a joint agreement in February last," noting that "the two countries agreed to hold the first session of the Iraqi Commission Kuwait on the fifth of next September, to identify the obstacles and the launch of relations to advanced levels in all areas. "
The Minister of Trade: "As for the free trade agreement and the establishment of a free zone between the two countries was presented to other ministries for the purpose of the statement of views."
"Today is a historic day and it is the first delegation to visit Basra to extend cooperation with the Republic of Iraq," said Kuwaiti Minister of Trade and Industry Khaled Nasser Al-Roudhan.
Al-Roudhan said that "economic exchange is the basis of our subject," stressing "the importance of Iraq as a sister country."
The Kuwaiti minister said: "We saw today in the port of Safwan another talk, it is shameful to be an outlet, and we lack the establishment of good outlets and we have a recommendation to build these outlets after the completion of designs."
Al-Roudhan revealed the formation of four committees to resolve the entry file, pointing out that "the committees are: the Committee for the rehabilitation of the port, the Commission to grant the attributes of entry, the Committee of the rail link, the Committee to build a free zone."
For his part, the governor of Basra, Asad al-Eidani, "the importance of talks with the Kuwaiti side to develop the port of Safwan - Abdali on the one hand and to increase the volume of trade exchange between the two countries and the contribution of Basra a greater share being the province adjacent to Kuwait, which could be the main partner in any development of relations, . 
He added that the local government in Basra will prepare new designs for the development of the border port and we are fully prepared to contribute with the brothers in the development and construction to accommodate the trade movement, which we expect to be very large in light of the potential of the two countries to activate.
The talks were attended by a Kuwaiti delegation representing the various Kuwaiti authorities and ambassadors of Iraq and Kuwait in Baghdad and Kuwait.
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14 hours ago, NEPatriotsFan1 said:

I agree Laid Back, Kuwait wants their piece of th pie and I wouldn’t be surprised if Iraq pays some of its obligations with future revalued currency to make Kuwait whole

Thanks for your input my friend. 👍🏼😊

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14 hours ago, yota691 said:

The Governor of Basra, As'ad Al-Eidani, said that the development and construction of Safwan-Abdali Port was discussed with the Kuwaiti officials, complementing the initiative of Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah in his previous visit to enhance trade and economic cooperation between the two countries .

 

MY (NOTE: MY) opinion is the Kuwaiti Sea Port is a TEMPORARY "work" "around" UNTIL the Bicraqi Iraqi Sea Port of al-Faw is FULLY functional for INTERNATIONAL goods to pass THROUGH Iraq. SO, the Bicraqi Iraqi LAND Port Of Entry BETWEEN THE Bicraqi Iraqi AND KoolAidis MUST be ACTIVATED PRONTO TONTO!!!

 

Go Moola Nova!

:pirateship:

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1 minute ago, Synopsis said:

 

MY (NOTE: MY) opinion is the Kuwaiti Sea Port is a TEMPORARY "work" "around" UNTIL the Bicraqi Iraqi Sea Port of al-Faw is FULLY functional for INTERNATIONAL goods to pass THROUGH Iraq. SO, the Bicraqi Iraqi LAND Port Of Entry BETWEEN THE Bicraqi Iraqi AND KoolAidis MUST be ACTIVATED PRONTO TONTO!!!

 

Go Moola Nova!

:pirateship:

I like the word pronto 

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  • yota691 changed the title to Trade Minister to his Kuwaiti counterpart: We came with an open heart to discuss and address all things

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