MZ: I am still not seeing any activity on Asian bonds. Everything that I am hearing and seeing this week and last week has been on the German bonds. There were a couple meetings last night and there are bond holders who keep saying that absolutely this is our week.
MZ: I have facilitators saying “They are telling us this is our week…..that everything is complete…but have not seen much yet. They are waiting on the final “GO” to distribute the funds to the holders.
MZ: The bond holders seem more hopeful than the facilitators that this is our week. I was hoping to have more news than that this week.
Member: Maybe the facilitators are skeptical of the “Boy who cried wolf” and rightly so.
Member: I heard years ago when 30% of the bonds are done…then we get our notifications….hope that still is true.
Member: Are the German bonds the proverbial lynchpin of the bonds?
MZ: I believe the German bonds and the Iraqi Dinar are the lynchpins of this thing….the cornerstones of the entire reset tight now. The two key things we are watching is the German bonds and the Iraqi dinar right now .
A QUALITATIVE SHIFT AND AN INCREASE IN TRADING.. SECURITIES ANNOUNCES THE LAUNCH OF A NEW WEBSITE FOR THE IRAQI MARKET
Wissam Al-Mulla
The Securities Commission announced today, Thursday, the signing of an agreement with the International Finance Corporation to develop the Iraqi market, and while it indicated the preparation of a guidebook to raise the transparency of companies, it confirmed that the new website of the Iraqi Stock Exchange will cover spot stock prices and is a qualitative leap.
The Chairman of the Securities Commission, Faisal Al-Haimus, told the Iraqi News Agency (INA): “The Commission signed an agreement with the International Finance Corporation in the first quarter of this year to develop the work of the Iraqi Stock Exchange.”
He explained that “the Authority has worked on developing the guidance booklet and the government guide for companies, which is expected to be ready by the end of the year, in order to present it to companies and benefit from the guidelines contained therein.”
He pointed out that “the booklet aims to increase the level of transparency for companies listed on the Iraq Stock Exchange, which are often late in publishing essential information and accounts, which affects investors.”
He stressed that “the Commission has launched the new website of the Iraq Stock Exchange, which will cover spot stock prices, which will allow the investor to read the market movements of any company, and this is a qualitative shift that will result in an increase in trading.”
BAGHDAD REACHES AN UNDERSTANDING WITH THE DOHA STOCK EXCHANGE
Baghdad reaches an understanding with the Doha Stock Exchange: Iraqi shares will be able to be traded in Qatar as well. We will not wait for companies, we will act
The Iraqi Securities Commission revealed a project with the Qatar Stock Exchange that will allow for the joint establishment of companies, leading to “dual listing” that will allow the listing of Iraqi shares in both the Iraqi and Qatari markets.
The commission member, Wadah Al-Taha, said that it will not wait for major and promising companies to list their shares on the Iraqi Stock Exchange, but will form a committee to encourage those companies. He pointed out that expanding the Iraqi Stock Exchange requires the listing of government sector companies on the stock exchange.
Waddah Al-Taha – Member of the Board of the Securities Commission, in an interview with the media figure, Dhikrayat Muhammad:
Expanding the work of the Iraq Stock Exchange requires restructuring mixed companies, through the government sector relinquishing its shares and listing and offering them for investment, while we work on listing public government companies.
Usually, stock markets around the world represent a mirror of a country’s economy, but in Iraq, the stock market does not reflect the economy, for several reasons, including the weakness of the investment culture, the decline in government support and understanding, in addition to the fact that the importance of listing and initial public offerings is unclear to private sector companies.
We seek to “deepen” the Iraqi Stock Exchange, meaning diversify its sectors participating in the subscription, with the aim of reducing the ceiling of investment risks and creating relative attractiveness for investors. We are currently working on merging our governance draft with the draft of the International Finance Corporation to give a global character to our investment environment and send reassuring messages to foreign investors.
Instead of waiting for promising emerging companies to come to the Iraqi market for listing, we are currently working on forming a specialized committee to move towards such companies and reach an understanding with them in order to list their shares in the market. The criteria for selecting the targeted companies revolve around performance, financial efficiency, company history, sector quality, and management nature.
We have a memorandum of understanding with the Qatari side, and we hope to approve it during the coming period. It has very good content, as it allows us to establish companies jointly, and we aspire to reach the stage of “dual listing” where the Iraqi stock can trade in the Iraqi and Qatari markets, in addition to applying the regulatory standards in effect there.
We apply a high level of “global standard” procedures in terms of combating money laundering. The market is very safe in this regard. Our standards are sometimes harsh and restrictive for investors, but they ensure that there are no illegal financial activities.
This article is yet another sign this is happening and will progress further as the weeks and months roll on. Why else would they set up bank branches for the sole purpose of taking in cash only? There must be a lot of it coming in. The CBI will have to retrieve close to 70 trillion dinars.
After talking to my CBI contact about this article I was told that this process is part of the Project to Delete the Zeros and her committee is now working with the banks to retrieve this hard currency.
They expect it mostly in dinars not dollars. The dollars the citizens can sell to the Black Market and get higher rates than the official rate. But it is the dinars the CBI wants.
The important part is coming to you today to explain all this is that the Project to Delete the Zeros has begun.
But we must not go off half cocked yet. Let’s just watch the steps that must be accomplished for the project to be successful. Remember there are the steps to this process and I outlined them in my blog. Did you have a chance to read it yet? Please go and review it.
If you really want to know the TRUTH about this RV you must first be grounded in the plan, know the FACTS and know what to expect and what is coming. Then guage the news to the plan to see where we stand in the process. This is the ONLY way you get around all these stupid intel guru rumors and lies...TO BE CONTINUED
PARLIAMENTARY FINANCE: NON-OIL BUDGET REVENUES WILL REACH 30 TRILLION DINARS NEXT YEAR
The Parliamentary Finance Committee expected, on Sunday, that non-oil revenuesin the 2025 budget would reach 30 trillion dinars, represented by electricity collection, taxes, and revenues from the Baghdad Municipality and all municipal departments.
Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, told Shafaq News Agency, “The Parliamentary Finance Committee held a meeting today, in which it hosted the Minister of Finance, Taif Sami, the heads of the tax and customs authorities, and the general managers of the Ministry of Finance, to discuss the general budget law and oil and non-oil financial revenues.”
He added, “Oil revenues are settled, but as for non-oil revenues, it has been emphasized that government departments should be activated, including electricity in the field of collection, the Baghdad Municipality, and other municipal departments, in addition to the services provided to tax committees, border crossing revenues, customs, and others that would increase non-oil revenues.”
He explained that “the activation of non-oil revenues was mentioned in the government program but was not implemented. What is expected in 2025 is that oil revenues will be 120 trillion dinars, while non-oil revenues will be 30 trillion dinars, which includes customs revenues, taxes, electricity collection, and services provided by the government.”
(Iraq’s non-oil revenues are getting closer and closer to rival the oil-revenues. It now about 1/4th and growing strong… there are programs not even yet implemented that will shoot up this amount very soon.)
I have to start off with my commentary today with some really good news, actually some WOW! WOW! WOW! news. I know WOW again. Is this getting boring yet? I hope not because there is much, much more to come in the near future.
😊 As usual I want to begin the news today with what I feel is one of the most important articles. In fact, I would definitely call it a “WOW!” article. The title is “TRADE BANK OF IRAQ ANNOUNCES THE IMMINENT OPENING OF A CASH DEPOSIT CENTER IN KARKH”
So why am I excited today when I read this article?
The article is telling us that the Trade Bank of Iraq announced on Monday, the imminent opening of the cash deposit center in the Karkh side. What is a “Cash Deposit Center”? And most importantly why establish these centers, which this one will not be the last.
The opening of this center is imminent based on the directives of the respected Prime Minister, Mohammed Shia Al-Sudani.
It was explained in the article that this center receives all cash deposits only for all customers,” indicating that “this is a new service that the bank will launch with the aim of providing the best services to customers, and to contribute to reducing the pressure of cash deposits on its other branches in Baghdad.”
Oh…. So where is all this cash coming from and why a sudden surge in citizens bringing cash to the bank?
But this cash center is not alone in receiving these cash deposits. It is only taking the pressure off the overwhelmed other banking institutions. Yes, this is really happening in Iraq and I have FULL confirmation it is now ongoing.
Remember I told you, and we read articles to prove it too, that the CBI needs to shrink the monetary mass by two-thirds (2/3).
How can they do this if the citizens didn’t trust the banks. Well now with the electronic banking effort and the transition to the digital banking it appears they are now beginning to bring in their hard currency to the banks for deposit.
The banks need some of this money for liquidity to loan out. Remember it all just becomes digits for now until they issue a smaller percentage of it in the newer lower denominations.
This article is yet another sign this is happening and will progress further as the weeks and months roll on. Why else would they set up bank branches for the sole purpose of taking in cash only? There must be a lot of it coming in. The CBI will have to retrieve close to 70 trillion dinars.
After talking to my CBI contact about this article I was told that this process is part of the Project to Delete the Zeros and her committee is now working with the banks to retrieve this hard currency.
They expect it mostly in dinars not dollars. The dollars the citizens can sell to the Black Market and get higher rates than the official rate. But it is the dinars the CBI wants.
The important part is coming to you today to explain all this is that the Project to Delete the Zeros has begun.
But we must not go off half cocked yet. Let’s just watch the steps that must be accomplished for the project to be successful. Remember there are the steps to this process and I outlined them in my blog. Did you have a chance to read it yet? Please go and review it.
If you really want to know the TRUTH about this RV you must first be grounded in the plan, know the FACTS and know what to expect and what is coming. Then guage the news to the plan to see where we stand in the process. This is the ONLY way you get around all these stupid intel guru rumors and lies...TO BE CONTINUED
Shafak News / The visit of the President of the Kurdistan Region, Nechirvan Barzani, to Ankara to meet with the president and officials in Turkey comes at a time that reflects sensitive regional and international developments. It also gains importance at multiple levels, whether in the internal Kurdish framework, or at the Iraqi level in general, or in the Turkish and regional context, where the parties seek to enhance stability and understanding in light of the turbulent conditions in the region.
Observers assert that this visit by Barzani, the second visit to Turkey in the last six months, reflects the region’s strategy of maintaining strong and continuous relations with Turkey, as a major regional partner with wide influence and firm relations with both the Kurdistan Region and the federal government in Baghdad.
Although the statement of the presidency of the region indicated that Nechirvan Barzani is discussing during his Turkish visit to strengthen relations between Turkey, Iraq and the Kurdistan Region, and discuss the latest developments in the region and common issues, the observers refer to many files of great importance on the Erbil-Ankara line, including political, economic and security aspects.
According to the official statement, Nechirvan Barzani and Erdogan stressed the importance of developing Turkey’s relations with Iraq and the Kurdistan Region, especially in the economic field. He also discussed how to raise the level of trade exchange and promote Turkish job opportunities and investment in various regions of Iraq and the region. The Turkish president renewed his country’s continuous commitment to cooperation with Iraq and the Kurdistan Region, expressing the readiness of the private sector in his country to work and invest in various sectors.
The statement pointed out that the two sides expressed concern about the complex situation in the Middle East and its possible repercussions on the region, and agreed on the need to work to prevent the expansion of the conflict and resolve issues by peaceful means.
President Nechirvan Barzani expressed part of his visit through a post posted on the X platform: “It was another productive meeting with my friend Foreign Minister Hakan Fedan, and Ibrahim Kalin today in Ankara. We have exchanged views on a variety of issues of common interest.”
Kurdistan elections
The visit comes four days before the Kurdistan Parliament elections, and some believe that Ankara is very concerned about the results of the elections in the region adjacent to its borders, with which it has multified relations. Therefore, Nechirvan Barzani, within the framework of his responsibilities as president, carries in his short visit the necessary reassurance messages, regardless of the results of the elections and what the ballot boxes will produce, stressing that Turkish-Kurdistan relations are of major priority and attention.
Observers say that President Nechirvan Barzani is fully concerned about the non-continuation of tension and apid apidness in the relations of other Kurdish forces, as the presidency of the region acts as a house that brings together everyone and is keen on their interests, with the aim of trying to contain those tensions and soften the atmosphere even with opponents in the elections, in addition to maintaining relations with Ankara.
Exchange visits
According to observers, President Nechirvan Barzani is building on the results of the historic visit of Turkish President Recep Tayyip Erdogan to Baghdad and Erbil last April, which came at a critical time in the region, highlighting the strong political, economic and security relations between Iraq, the Kurdistan Region and Turkey.
In addition to launching a new phase of security cooperation between Ankara and Baghdad, by banning the PKK’s military activity and finding mechanisms for cooperation and security coordination, Erdogan’s visit to Baghdad and Erbil also saw the launch of the strategic “development road” project, which Nechirvan Barzani realizes will change the map of interests, relations and prosperity at the entire regional level, which will be in the interest of Turks, Iraqis and the people of the region.
Nechirvan Barzani’s movement also intersects with external files, especially in light of the accelerated Iranian developments, since the killing of President Ibrahim Raisi, then the election of reformist President Masoud Bazhekyan and his personal attendance at the inauguration ceremony, benefiting from his old relations with the Iranians. The president of the region visited Tehran on May 5, where he met with Republican leader Ali Khamenei, a visit described by the Washington Institute as a shift in relations between the region and Iran, as the two parties have a firm interest in resolving some of the differences affecting the Iraqi political scene.
Developments in the region and American movements
Nechirvan Barzani understands the importance of the Iranian and Turkish roles in this sensitive regional moment, especially in light of the major Israeli attack on Lebanon a year after the outbreak of the Gaza war. These developments put Iraq and the Kurdistan Region in a critical position, and are likely to renew tensions in light of Israeli threats to launch attacks on Iran and its interests. Ankara and Tehran can be an important support for the region at this difficult point.
Another equally important point that the president of the region takes into account in his new visit to Turkey, came days after Washington and Baghdad announced their understanding on scheduling the deployment of American forces in Iraq, whose mission is supposed to end in two years, with a US force stationed in Erbil in the coming months.
It is important at this stage that coordination between Erbil and Ankara be strengthened on the US military role in the region, especially since this coordination is closely linked to the continued presence of US forces in Syria, where interests and influence overlap between the Americans, Turks, SDF forces, Russians, Iranian-backed factions, as well as the Syrian army.
Nichirvan Barzani is aware of the seriousness of the stage the region is going through, and takes into account the possibility of harming the interests of the Kurdistan Region, so his visit to Ankara and his talks with Erdogan and Fedan and Kalin are a clear attempt to avoid the worst and build on the most positive opportunities.
PRIME MINISTER’S ADVISOR: IMPLEMENTATION OF THE 2024 BUDGET IS PROCEEDING SMOOTHLY
The Parliamentary Finance Committee is expected to discuss the 2025 budget next November, amid a general trend to pass it easily and not amend it significantly, while the Prime Minister’s Advisor for Financial Affairs, Dr. Mazhar Muhammad Salih, stated that the 2024 budget that entered into force had a “precautionary deficit” of about 64 trillion dinars.
Salih said, in an interview with “Al-Sabah”: The average Iraqi oil sales for 2024 were estimated at no less than $75 per barrel, noting that the general financial need for “bridge loans” (which are short-term loans) to address the possibility of a deficit may not exceed 10 trillion dinars in all cases, which are borrowing amounts permitted under Law No. 13.
The financial advisor added that the country’s “financial life” in 2024 is proceeding smoothly, wondering, otherwise how did the Ministry of Finance issue 2024, in cooperation with the Central Bank of Iraq, “achievement bonds” for public subscription.
(Mnt Goat: So, the 204 budget is open and being spent. Oh…but all these idiot intel gurus told you that the new RV rate was in the budget and we would see it when it was opened. Yeh, what nonsense and I told you this was all nonsense too and just guru rumors and bullshit. Do you believe me now.. So who it lying to you? What else do they tell us in this article? They also tell us, once again, the budget is based on the price of oil not the rate of the dinar. Get it? How many times must I say this?)
⭐️BRIEF NOTES ON THE BIG CALL FOR TUESDAY, OCTOBER 15, 2024
Gem Finch, [10/16/2024 1:29 PM]
Last Thursday we thought it was today and it was Tuesday and it was supposed to be today but RC in 6 different states said some of them some of the leaders couldn't respond to an email that was sent and they couldn't check and respond on Monday.
So they're still trying to get them back, maybe a server issue and they're working on it and the hope is that the issue will be rectified in a day or two and those emails will be answered tomorrow, and one of our sources said they thought that it would arrive a day late, so we should receive a notification tomorrow, and we hope there will be exchanges tomorrow on the same day Wednesday or Thursday.
So it was just an RC issue and our emails will be coming from WF from four different areas on their servers, so they told us that bondholders are supposed to be notified tomorrow and have access on Thursday, so I think we're trying to make that quick start and only a day late. Another source who is very connected to political people like DJT, is saying that they believe they will notify us tomorrow and we will start immediately.
Some of Jeannie's requests go beyond RV R&R and if you are exchanging currencies when you set up your QFS accounts, you should see those funds there and the exchange funds will be added to that. We are at a very critical moment, since on the 15th some things will happen with NESARA that we will find out about:
those hurricanes set us back a bit, but that information and outreach should work for us; the SS should still happen this month but we don't know for sure but if this is the third Wednesday and if that's the case it seemed like we would and according to our SS source we haven't been able to reach him yet this month .
But the rest should all be in the QFS on your exchange, with all those certificates that have been traded as bonds, so we should get ALL of that back.
As for Iraq, they were paying their back salaries to people today or tomorrow, that is, for contractors and citizens' pensions, etc., and the other thing, the new rate for the Iraqi dinar, we think that It would be Sunday, but the rate did not appear, but tomorrow, Wednesday, it should be on the Forex and bank screens tomorrow and that bodes well for tomorrow.
So we have all of the above that looks great and speaks well for us and that is that we will be VERY VERY CLOSE, so we may not have a call on Thursday (we are ALL praying NOT). Now Bruce is talking about Sue and, of course, that Golden Wisdom Bundle.
;
So I'm sure that's all the information Bruce has for us today, but that doesn't matter because the information he had was EXCELLENT, providing just this one time that EVERYTHING IS DONE WITHOUT FURTHER DELAYS OR SETUPS AND WITHOUT A WRENCH IN SIGHT SO NO ONE OR NOTHING RUINS THIS AND IT IS PUBLISHED.
Dear ones, I'm sure Bruce will thank the entire team: Sue, Bob, GCK, Pastor Scott, Jeannie and Larry, and of course the faithful listeners around the world. And now, of course, Bruce is praying for the calling, so join Bruce in also continuing to say those sincere prayers until those notifications are FINALLY AND COMPLETELY RECEIVED IN ALL OF OUR LIVES. And also, as always, my deepest love to each and every one of you. Oh, and please pray for Pastor Scott and Tom, with many thanks to EVERYONE. Love, always, Gem.
What do the psalms say about the Creator Father's words about pain and suffering?
JEREMIAH 29:11
“For I know the plans I have for you,” says the Lord.
“They are plans for good and not for disaster,
to give them a future and hope.”
REVELATION 21:4
“He will wipe away every tear from their eyes.
There will be no more death, no tomorrow, no crying, no pain,
for the first things have passed away.”
TRANSLATION IN SPANISH
⭐️BREVES NOTAS SOBRE LA GRAN CONVOCATORIA DEL MARTES 15 DE OCTUBRE DE 2024
Gem Finch, [16/10/2024 13:29]
El jueves pasado pensamos que era hoy y que era martes y se suponía que sería hoy, pero RC en 6 estados diferentes dijo que algunos de ellos, algunos de los líderes no pudieron responder a un correo electrónico que se envió y no pudieron verificar y responder el lunes.
Entonces, todavía están tratando de recuperarlos, tal vez un problema del servidor y están trabajando en ello y la esperanza es que el problema se rectifique en un día o dos y esos correos electrónicos se respondan mañana, y una de nuestras fuentes dijo que pensaban que llegaría un día tarde, por lo que deberíamos recibir una notificación mañana, y esperamos que haya intercambios mañana el mismo día miércoles o jueves.
Entonces, fue solo un problema de RC y nuestros correos electrónicos vendrán de WF desde cuatro áreas diferentes en sus servidores, así que nos dijeron que se supone que los titulares de bonos serán notificados mañana y tendrán acceso el jueves, así que creo que estamos tratando de hacer ese comienzo rápido y solo un día de retraso. Otra fuente que está muy conectada con la gente política como DJT, está diciendo que creen que nos notificarán mañana y comenzaremos de inmediato.
Algunas de las solicitudes de Jeannie van más allá del RV R&R y si estás intercambiando divisas cuando configuras tus cuentas QFS, deberías ver esos fondos allí y los fondos de cambio se sumarán a eso. Estamos en un momento muy crítico, ya que el día 15 ocurrirán algunas cosas con Nesara de las que nos enteraremos:
esos huracanes nos retrasaron un poco, pero esa información y divulgación deberían funcionar para nosotros; el SS aún debería ocurrir este mes, pero no lo sabemos con certeza, pero si este es el tercer miércoles y si ese es el caso, parecía que lo haríamos y, según nuestra fuente de SS, no hemos podido comunicarnos con él todavía este mes.
Pero el resto debería estar todo en el QFS en tu intercambio, con todos esos certificados que se han comercializado como bonos, por lo que deberíamos recuperar TODO eso.
En cuanto a Irak, estaban pagando sus salarios atrasados a la gente hoy o mañana, es decir, para los contratistas y las pensiones de los ciudadanos, etc., y la otra cosa, la nueva tasa para el dinar iraquí, pensamos que sería el domingo, pero la tasa no apareció, pero mañana miércoles debería estar en las pantallas de Forex y de los bancos mañana y eso augura algo bueno para mañana.
Así que tenemos todo lo anterior que se ve muy bien y habla bien por nosotros y es que estaremos MUY MUY CERCA, por lo que es posible que no tengamos una llamada el jueves (TODOS rezamos para que NO). Ahora Bruce está hablando de Sue y, por supuesto, ese Golden Wisdom Bundle.
Así que estoy seguro de que esa es toda la información que Bruce tiene para nosotros hoy, pero eso no importa porque la información que tenía era EXCELENTE, proporcionando solo esta vez que TODO SE LLEVA A CABO SIN MÁS DEMORAS O CONTRATIEMPOS Y SIN UNA LLAVE INGLESA A LA VISTA PARA QUE NADIE O NADA ARRUINE ESTO Y SE PUBLIQUE.
Queridos, estoy seguro de que Bruce agradecerá a todo el equipo: Sue, Bob, GCK, el pastor Scott, Jeannie y Larry, y, por supuesto, a los fieles oyentes de todo el mundo. Y ahora, por supuesto, Bruce está orando por el llamado, así que únanse a Bruce y también sigan diciendo esas oraciones sinceras hasta que esas notificaciones sean FINALMENTE Y COMPLETAMENTE RECIBIDAS EN TODAS NUESTRAS VIDAS. Y también, como siempre, mi más profundo amor para todos y cada uno de ustedes. Ah, y por favor oren por el pastor Scott y Tom, con muchas gracias a TODOS. Con amor, siempre, Gem.
¿Qué dicen los salmos sobre las palabras del Padre Creador sobre el dolor y el sufrimiento?
JEREMÍAS 29:11
“Porque yo sé los planes que tengo para vosotros”, dice el Señor.
“Son planes de bien y no de desastre,
para darles un futuro y una esperanza”.
APOCALIPSIS 21:4
“Enjugará toda lágrima de los ojos de ellos.
Ya no habrá muerte, ni mañana, ni llanto, ni dolor,
Foreign Minister begins European tour lasting several days and opens two Iraqi embassies
Foreign Minister Fuad Hussein begins a European tour today, Wednesday, that will last for days and witness the opening of two Iraqi embassies.
Hussein said in a press statement that the tour "begins with a visit to Ireland and ends with a visit to France, passing through the Czech Republic and Croatia to meet with senior officials there," indicating that "this tour aims to strengthen our bilateral relations."
"We will participate in a number of seminars and conferences," he added.
Hussein pointed out that "during his tour, he will open the Iraqi embassies in Dublin and Zagreb." link
🇺🇸 U.S. Commitment: U.S. Defense Secretary reaffirms support for Saudi Arabia amidst Middle Eastern tensions.
🌍 WTO Progress: Iraq completes necessary steps to join the World Trade Organization.
🇸🇦 Saudi Support: Saudi Arabia plays a crucial role in Iraq’s WTO accession efforts.
⏳ Ongoing Challenges: Iraq still needs formal acceptance into the WTO, a critical hurdle ahead.
🌐 Trade Benefits: Joining the WTO could expand Iraq’s opportunities for free trade.
Key Insights
📊 Market Dynamics: The exchange rate indicates ongoing economic activity, reflecting confidence in the Iraqi dinar’s stability. This is crucial for attracting foreign investment.
🔌 Regional Collaboration: The Gulf electricity interconnection contract represents a strategic move to enhance Iraq’s energy infrastructure and foster regional partnerships that could boost economic resilience.
🛡️ Geopolitical Landscape: The U.S. reaffirmation of support for Saudi Arabia highlights the intricate power dynamics in the Middle East, which could impact Iraq’s foreign relations and security situation.
📑 WTO Membership: Completing the requirements for WTO membership signifies Iraq’s commitment to modernizing its economy and integrating into the global market, which can lead to enhanced trade relationships.
🤝 Strategic Partnerships: Saudi Arabia’s involvement in Iraq’s WTO application underscores the importance of regional alliances in economic development and stability, showcasing cooperative efforts in the Gulf.
🚧 Acceptance Process: While significant progress has been made, the need for formal acceptance into the WTO remains a daunting challenge for Iraq, emphasizing the competitive nature of international trade negotiations.
🌍 Economic Growth Potential: Successful accession to the WTO could unlock vast opportunities for Iraq, including increased market access and investment, which are vital for sustainable economic growth.
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