Ariel: Iraqi Dinar News:
From WTO Website:
During the visit to Baghdad, the Chair was informed that Iraq’s initial market access offers on goods and services would be circulated soon, in preparation for holding the 3rd meeting of the Working Party in the middle of 2024.
Link https://v2.xscodes.icu/english/news_e/news24_e/acc_16jan24_e.htm
The team in the Ministry of Trade will “take real steps that will shorten the path to Iraq’s accession to the World Trade Organization and ultimately benefit from the advantages offered by this accession,” indicated Minister Al Ghurairi.
.Parliamentary Committee to Al-Eqtisad News: The Oil and Gas Law is Almost Complete, and This is What We Hope for from Barzani’s Visit to Baghdad
7/4/2024 Baghdad
Member of the Parliamentary Oil and Gas Committee, Zainab Al-Moussawi, revealed today, Thursday, the latest developments in the Oil and Gas Law, while pointing to the impact of Masoud Barzani’s visit to Baghdad on the approval of the law.
Al-Moussawi said in an interview with Al-Eqtisad News: “So far, the draft oil and gas law is almost complete, with a high percentage that may reach 90%, but there are some objections from the Kurds regarding some points, which are summarized in handing over oil imports and exploited and unexploited natural resources to Baghdad, as Erbil refuses to do so.”
She added: “We hope that Masoud Barzani’s visit will be the beginning of resolving the crisis of the law and its legislation after an agreement with the political foundations in Baghdad, which is the Coordination Framework, ๐๐จ ๐๐ก๐ก ๐ฅ๐ค๐ก๐๐ฉ๐๐๐๐ก ๐๐ก๐ค๐๐จ ๐๐ง๐ ๐ข๐ค๐ซ๐๐ฃ๐ ๐ฉ๐ค๐ฌ๐๐ง๐๐จ ๐ก๐๐๐๐จ๐ก๐๐ฉ๐๐ฃ๐ ๐ฉ๐๐ ๐ค๐๐ก ๐๐ฃ๐ ๐๐๐จ ๐ก๐๐ฌ ๐ฉ๐๐๐ฉ ๐ง๐๐๐ช๐ก๐๐ฉ๐๐จ ๐ฉ๐๐ ๐๐ค๐ช๐ฃ๐ฉ๐ง๐ฎ’๐จ ๐ฃ๐๐ฉ๐ช๐ง๐๐ก ๐ง๐๐จ๐ค๐ช๐ง๐๐๐จ”.
The member of the Parliamentary Oil Committee explained that “the Oil and Gas Law contributes to exploiting the largest possible amount of undiscovered oil fields and also contributes to achieving self-sufficiency in petroleum derivatives and optimal exploitation of wasted natural resources estimated at hundreds of billions of dollars that contribute to diversifying the state’s financial resources.”
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People, do you know how extremely huge these two reports are?
This is the best news anyone can ask for that is not referring directly to rate & date while still indirectly giving you at least one of them without being specific. We are so close. Because in the second report regarding the Oil & Gas this is the constitutional rights of the citizens to get a percentage of the oil revenues once it is passed. Do you know how long people have waited to hear this is about to be complete?
This means that the new exchange rate is even closer. Because I have already given you a report about Iraq’s Compliant with international standards that needs to be completed by July 12th.
Report: -Derivative Clearing Organizations DCOs must comply by July 12, 2024. (See Federal Register link below)
The completion of these swap dealer compliance issues in the Forex Market comes at a time when Iraq has just completed their requirements on phase one of their economic reforms.
Phase one is a completion of reforms that have now qualified Iraq for international trade.
Ariel @Prolotario1
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