STATUS OF THE RV
April showers bring May flowers and so will we see these lovely flowers? Still no RV and “NO!”, it’s not going to happen this week…lol..lol.. How far must they go until they pull the plug…? Still also no recent news of finalizing the WTO accension for Iraq. I believe this is all related to this Development Road Project too.
So, today I have some more interesting news.
For today’s Newsletter I want to continue the news about the ongoing effort for the economic development in Iraq. My impression of this news is that this is Iraq’s time. Why am I only now showing excitement about this effort. This excitement comes because of all the components I see now coming together and I can see the writing on the wall of the end result.
Okay so another analogy coming….Those of my readers who know anything about cooking know that to get a dish that is tasty and satisfying you have to learn to first have the right ingredients then, take the time too blend the ingredients by slowly simmering it on the stove. What could go wrong? If you don’t start with the right mix of food and spices then how can they blend to the taste desired.
So, what are the ingredients needed for Iraq needed to develop its economy (the ingredients)?
- Desire to grow the economy
- Investment Laws
- Local Laws
- Lack of Corruption and Bribery
- Low Taxes
- Ability to Transfer funds into and out of Iraq safely
- Safe Iraqi banks
- Safe and Efficient Means of Transportation
- Overall Safe Environment
- Infrastructure (water, electricity, fuel)
Within this analogy of my cooking experience, I am presenting a video of an interview with a potential entrepreneur wanting to invest in Iraq Mr. Mohammed Khudairi. In this video we get a first-hand look at the obstacles facing in Iraq. These are the ingredients for preparing the fine, tasty meal (or RV). It seems from his perspective Iraq is close but still needs some work to completely open its doors to outside investors. Seems some ingredients are still missing.
He tells us a potential investor can navigate through them but still to be cautious. His interview also tells us there are still many obstacles to overcome and possible challenges Iraq needs to make to “smooth cut” to a transition to a capitalistic economy. Yes, Iraq is a tough market to get into, however if you listen carefully, you will see the potential is enormous. This means huge potential for growth which means huge profits. My question to Iraq is this – Why don’t they organize a forum of small businessmen and get their feedback on the challenges facing them. If you have been following my blog all this time you know that the CBI already held these kind of forums for very large investors many times already. These forums were held in Great Britian and Iraq and were held many years ago. Many of the changes we still see for small businesses. We know small businesses (mom and pop) are at the heart of any strong capitalistic system.
I agree however I have said for years now that zero can happen,and as per the IMF stated a few years ago, that I they want to see corruption sorted and whilst Maliki walks free that will take years as Sudani is powerless to bring him under control and as they are both Shia, HCL sorted, investment laws passed and a fully seated which to this day they do not have I.e defence minister currently held by Sudani. Also the USA dictator stated that he will not allow anything to happen till such time as war reparations are paid, but keep in mind the US stole all the funds in the banks when they invaded under the pretence of safe keeping, billions and billions of IQD that is in fact more than enough to pay off the so called debt.
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