Iraq Makes Great Strives To Join WTO By End Of Next Week.

[Luigi1]

Luigi found this article of Dinarian interests...

Long read but it's worth the while.

Parliament has it's work cut out by end of next week.

Will work on entry into WTO before Parliament recess.

Treat as a rumor.  Not verified.  Your opine.

 

 

Administrator BondLady’s Corner:

Clarification On The Reason For The Delay In Iraq’s Accession To The World Trade Organization.

Economie  Fri, Jun 3 2022 10:34 AM  National News Center / Baghdad  Today, Friday, the Ministry of Commerce announced that the laws in force prevent Iraq from entering the World Trade Organization, while indicating a new vision for the country to join this organization.

The ministry’s spokesman, Muhammad Hanoun, said in a statement to the National News Center that “Iraq has been seeking for years to join the World Trade Organization,” stressing the “necessity of enacting laws that are compatible with the decisions in which the organization operates.”

 

He added that “the ministry is a governmental institution, like other ministries, subject to laws that prevent entry to this large organization,” calling on the parliament to “legislate laws during the coming period that are compatible with the organization’s decisions.”

Hanoun indicated that “the Ministry of Commerce is working with the ministries to expedite Iraq’s entry into the organization with a new vision,” explaining that “the government’s effort is effective in eliminating time & harmonizing with the laws of the World Trade Organization.”  https://nnciraq.com/132424/

 

Parliamentary Efforts To Vote On Emergency support Next Weekend.

Today, Thursday, the Parliamentary Finance Committee detailed the allocations for the emergency support law proposal & its covered sectors, while stressing that it must be voted on before the eighth of this month, that is, before the end of the first legislative term, the end of next week.

 

A member of the Parliamentary Finance Committee, Muhannad Al-Khazali, told Al-Iraqiya News and its follower, the National News Center, that “since yesterday, the committee began deliberating the allocations of the law proposal, where large sums will be allocated to supplement food security through the ration card, with approximately 8.5 trillion dinars.”

He added, “As for the amounts of development, 8 trillion dinars will be allocated for the development of the regions, distributed to the governorates according to the population and poverty rate, in addition to one trillion dinars allocated to the oil-producing governorates.”

He pointed out that “the emergency support law also focused on the file of electricity & gas debt, & 5 trillion & 300 billion dinars were allocated in the law for this matter.”

With regard to the allocations for adding lecturers to the law, Khazali stated that “the members of the Finance Committee with the addition of allocations for lecturers, contracts & scientists & find that there is an interest in adding them, & a letter was sent to the Ministry of Finance about its need for allocations.”

 

 

[Luigi1]

here's another article related to the above...

Let's get 'er done.

 

TNT: Tishwash: 

Parliamentary Finance talks about the possibility of passing the Food Security Law: Very soon

[Luigi1]

here's another article related to the above...

Iraq boasts it's bringing in $550 million a day in oil revenues.

Iraq don't know what to do with all that new wealth.

How about feeding the citizens for starters...then RV-RI.

 

 

RVAlready: 

Oil price is $119.70 per barrel. With Iraq’s low extraction costs, they are raking in the bucks.  This means a 2 million barrel supertanker holds about $240,000,000 worth of oil. Nice pocket change.  Iraq exports 4.6 million barrels per day, or 2.3 supertankers worth per day, for a daily take of about $550 million per day. A pretty nice haul, at an extraction cost of about 3%. Plenty of profit to go around.

[pokerplayer]

How about they try spreading the wealth, say.... IN OUR DIRECTION !!

 

   pp

[Luigi1]

1 hour ago, pokerplayer said:

How about they try spreading the wealth, say.... IN OUR DIRECTION !!

 

   pp

 

Agree.  Feed their citizens first, then release the wealth to the world.

[rvmydinar]

1 hour ago, Luigi1 said:

Iraq boasts it's bringing in $550 million a day in oil revenues.

Iraq don't know what to do with all that new wealth.

Iraq don't know what to do? Please don't be so naive. What about the corrupt makarky and his cronies? Do you think they aren't trying to steal them quietly whenever there are profits involved? They aren't blind when it comes to profit.

[Luigi1]

17 minutes ago, rvmydinar said:

Iraq don't know what to do? Please don't be so naive. What about the corrupt makarky and his cronies? Do you think they aren't trying to steal them quietly whenever there are profits involved? They aren't blind when it comes to profit.

 

Absolutely.  The profits aren't going to feed the hungry, that's for certain.

[rvmydinar]

12 hours ago, Luigi1 said:

 

Absolutely.  The profits aren't going to feed the hungry, that's for certain.

Unless iraq is 100% free of corruption. Is it possible? May be yes may be no.

[Luigi1]

here's another article related to the above...Abdel Salem lashes out at obstructors & disruptors...

 

Saturday Evening Iraq Economy News Highlights 6-4-22

Federal Financial Management In Iraq: Crises Of Money, Politics, And The Budget

Saturday, 06-04-2022, AM 12:02   Karar Al Asadi

By: Dr. Emad Abdel Latif Salem  Why do we make laws, and not enforce them?

Why do we set laws, then begin to circumvent them with alternative laws, contradicting them, and violating their provisions?

Why do we set laws that specify binding “timings” for preparing the federal general budget (for example), and we do not abide by these timings, or does an authority (of the three authorities) take decisions, or legislate laws that intersect with it?

How useful would it have been for us, if the provisions of the Federal Financial Management Law No. (6) of 2019 were implemented instead of this financial-political “nonsense”, which everyone has plunged into its noise, its “fuss”, and the lack of it now?

Who is legally (and mandated) legally (and constitutionally) qualified to file lawsuits against “the authorities” responsible for the severe consequences of violating the provisions of this law, prosecute them, and put them behind bars?

 

[6ly410]

"The Iraqi banking sector is developing and opening up abroad

[6ly410]

 

[6ly410]

[Artitech]

On 6/4/2022 at 11:29 AM, Luigi1 said:

here's another article related to the above...

Iraq boasts it's bringing in $550 million a day in oil revenues.

Iraq don't know what to do with all that new wealth.

How about feeding the citizens for starters...then RV-RI.

 

 

RVAlready: 

Oil price is $119.70 per barrel. With Iraq’s low extraction costs, they are raking in the bucks.  This means a 2 million barrel supertanker holds about $240,000,000 worth of oil. Nice pocket change.  Iraq exports 4.6 million barrels per day, or 2.3 supertankers worth per day, for a daily take of about $550 million per day. A pretty nice haul, at an extraction cost of about 3%. Plenty of profit to go around.

Like I say, it doesn't make a damn bit of since, that the dinar continues to be worth less than a 1/4 of a penny! The only thing that makes since is the Iraqi  politicians are just stealing the money through these crooked auctions as quick as they can have one! It just makes you sick to watch this crap going on! JMHO!