STATUS OF THE RV, PART. 4 BY MNT GOAT: What is holding up the WTO accession?, 5 FEB

 STATUS OF THE RV, PART. 4

What is holding up the WTO accession?

😊In an article titled “ECONOMIST: THE IRAQI MARKET IS CENTRALIZED AND 40 INVESTMENT LAWS NEED TO BE REVIEWED AND AMENDED” we might be able to understand more clearly why the Iraqi WTO full accession announcement has not yet been given.

 Yes, it's all about investment laws. The investment groundwork must be laid firmly in the Iraqi government for the WTO to make this announcement because, as we all should know, this will be the final incentive for investors to flock into Iraq and invest in the dinar. But didn’t we hear that Iraq met all qualifications to re-join? 

Yes, we did and we read the article on this news. But we also read that there were some “investment” laws that needed to be updated, as requested by the WTO.

 I quote from the article titled “ECONOMIST: THE IRAQI MARKET IS CENTRALIZED AND 40 INVESTMENT LAWS NEED TO BE REVIEWED AND AMENDED” – 

“the investment climate in Iraq requires several factors, including the political factor and the conflict between the blocs, in addition to the investment laws that need to be reviewed, as their number has reached about 40 laws.” Could this be what is holding up the announcement or is there another plan underway…just asking….?

What took so long to get the 2025 budget amendment passed?

In the rest of the news for today we read a multiple of articles about Kurdistan smuggling oil and Baghdad is paying the price. See the articles concerning this issue titled:

😊 PARLIAMENTARY FINANCE COMMITTEE “EXPLODES A SURPRISE” REGARDING THE COST OF EXTRACTING OIL FROM THE KURDISTAN REGION”

😊 “KURDISTAN SMUGGLES OIL AND BAGHDAD PAYS THE PRICE.. WHEN WILL THE UNFAIR EQUATION END?”

Kurdistan also shut off the oil shipments costing Iraq billions in revenues. Many economists told the public the economy was about to crash. 

Really? How irresponsible and this was all just FAKE news. But as investors we must try to understand what keeps happening in Iraq over this oil and the Kurds. What claims do the make to justify shutting off the oil again? How can Baghdad end this issue once and for all? We all know the answer.

 It is the Oil and Gas law and so you can see why this referendum as required by the new Iraqi constitution is so hard to get passed and is so desperately needed. In fact, it was the real culprit for all this confusing of the Kurds and the oil sales.

 It even held up the 2025 budget and its amendments until now. The Kurds use the oil sales/revenues as leverage to get what they need for Kurdistan. This will never change unless they pass the Oil and Gas Law.

☹ Next I want to bring to your attention a very discerning article. It is titled “ECONOMIST: WASHINGTON’S POLICIES TOWARDS IRAQ PREVENTED THE REVIVAL OF ITS FINANCIAL RESOURCES” Many of my readers doubt what I say and think that the actions of the US are all in support of Iraq in the past.

 Again I am telling you this has NOT BEEN THE CASE. I even going to show you evidence of this statement today from an article in the news in Iraq. 

Please take few minutes and go read it in its entirety. So what is holding up the RV? Could it be and Obama/Biden administration era foreign policies towards Iraq? Will Trump change these policies?

“Economic expert Rashid Al-Hamdani confirmed on Saturday that the United States, since its occupation of Iraq in 2003 until now, has been following an economic policy that has transformed the economic recovery and made its fate linked to the financial policy of the US Federal Reserve through its dominance over oil sales resources and preventing the entry of major international companies to establish projects that develop and stimulate its economy.”  

He added, “The obstacles placed by the US administration in preventing Iraq from developing its economic and financial activity”,  and “ The United States of America continues to dominate Iraq through political, security and economic agreements that Washington”. Enough said….

All I can say now is “I told you so”. Please don’t tell me the CBI is independent in making the RV decision. 

This is ridiculous and those making this claim are ignorant, irresponsible and have not been following Iraqi politics. Will Trump change this Obama/Biden era foreign policies towards Iraq? This is the only way and I mean ONLY way we will see the RV in short order. Yes, I know it’s a pity what the US is doing to Iraq. The abuse is appalling. Each time Al-Sudani tries to dig his way out the mud, the US finds new ways to entrench Iraq. When will it end?

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/