The Minister of Commerce discusses in Abu Dhabi with the World Trade Organization the completion of procedures for Iraq to join the organization, 28 FEB

  The Minister of Commerce discusses in Abu Dhabi with the World Trade Organization the completion of procedures for Iraq to join the organization

2/27/2024

The Minister of Commerce, Atheer Al-Ghurairi, met in Abu Dhabi with Assistant Director-General of the World Trade Organization, Zunk Shank Shank, and discussed with him the completion of Iraq’s procedures to complete the required files, support reforms and legislation to be consistent with the market system, and strengthen the country’s economic capabilities to complete the requirements of the next stage of the accession process.

The Minister stressed in a statement, “the keenness of the working group on accession to continue by strengthening cooperation with the organization’s accession department and the head of the working group, Saudi Ambassador Saqr al-Muqbel, whose recent visit to Iraq provided great support for the efforts and steps taken by the national committee concerned with accession, which he chaired, to complete all requirements in a way that achieves Iraq's integration into the multilateral trading system.

During the meeting, the minister stressed "the hope that the efforts of the organization's working group will focus on supporting the accession of important countries, including Iraq."

Al-Ghurairi continued, "The Iraqi government, within its government program and the measures it took to raise the level of draft laws and support the role of the private sector, recorded international signals of its endeavor and eagerness to return to the economic system due to its geographical and economic importance in the region."

For his part, the Assistant Director General of the organization confirmed, “The organization is looking forward to and following the steps for Iraq’s accession carefully, given that Iraq is one of the important and powerful economies that is still outside the organization, and that Iraq’s presence within the organization’s membership will be a great added value to the organization and to the global economy.”

He praised the advanced stages accomplished by the Ministry of Commerce in terms of completing and submitting the technical files on goods and services in trade, which will speed up the holding of the third round of negotiations, wishing for the continuity and continuity of momentum and work to complete the requirements for accession, amend the required laws and legislation, and complete the technical files within their specified timing, as the team will present We support him to complete his journey to join and we celebrate him in the next ministerial meeting of the organization.”   LINK

"IMPORTANT IRAQ NEWS: ZEBARI: IRAN AND AMERICA SUPPORTED THE BIGGEST STRATEGIC MISTAKE IN IRAQ" BY MNT GOAT, 28 FEB

ZEBARI: IRAN AND AMERICA SUPPORTED THE BIGGEST STRATEGIC MISTAKE IN IRAQ

Mawazine News – Baghdad

Counting Hoshyar Zebari, Former Iraqi Foreign Minister, that the meeting of America and Iran to support the Prime Minister Former Nouri al-Maliki after the 2010 elections despite «resounding parliamentary and electoral success What is clear” for Iyad Allawi’s bloc, which included representatives of the various Iraqi components, was “The biggest strategic mistake” in his country.

Zebari said in an interview followed by Mawazine News that «all Heads of government have raised the issue of restricting weapons to the state, and so far they are unable to, or we are powerless, because armed factions have stronger potential, influence and influence,” he said, describing the power of those forces. factions as “a defect in the Iraqi scene.”

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

Iraqi Dinar | Iraq’s Historic Decision to Change the Value of the Dinar ...

The Minister of Commerce discusses with the Director of the International Trade Center the formula for joint action and support for Iraq to obtain membership in the WTO , 28 FEB

  The Minister of Commerce discusses with the Director of the International Trade Center the formula for joint action and support for Iraq to obtain membership in the WTO

2/26/2024

Today, Monday, in Abu Dhabi, the Minister of Commerce, Atheer Daoud Al-Ghurairi, discussed with Pamela Cook-Hamilton, Executive Director of the International Trade Center ITC in Geneva, the formula for joint action, supporting Iraq’s accession to the World Trade Organization, and strengthening the capabilities of the administrative staff on the economic and commercial tracks.

During the meeting, the Minister stressed the Iraqi government's desire to integrate into the global multilateral trading system to stimulate and revitalize the role of the Iraqi economy by supporting reforms and legislation to be consistent with the market system and enhancing the country's economic capabilities.

Minister Al-Ghurairi pointed out that we in Iraq need to focus support in intensifying training and capacity building to create models from a generation of trained employees who are aware of the vision of the principles and concepts of the market economy to be qualified to lead the next stage in light of the government’s approach to this aspect.

Al-Ghurairi continued by saying: We are happy to work with your team and the support provided to complete the files required for Iraq’s accession to the World Trade Organization, stressing the desire to benefit from the capabilities of the center and its training institute to train and create a diplomatic, commercial generation.

For her part, the Director of the Trade Center expressed readiness to provide more support to Iraq to fulfill the requirements of the next stage in building and strengthening the capabilities of the new generation in accordance with market standards to achieve sustainable development goals and develop the institutional capabilities of the relevant ministries, in addition to strengthening the capabilities of the private sector and small and medium enterprises and supporting youth projects.

And increase their skills, stressing the center’s commitment to Iraq in providing all the support and technical assistance it needs, along with the continuity of joint cooperation, in a way that serves the directions of the Ministry of Commerce in strengthening its work in formulating economic and trade policy. LINK

"RV UPDATE" BY MILITIAMAN, 28 FEB

 Militia Man 

  Article quote:  "Deleting the zeros...does not conflict with its value but needs educational campaigns to proceed it and a traditional period for trading the currency with zeros and the new currency to know the two currencies are equal in value."   If they are going to be equal in value...a dinar is a dinar is a dinar.  A dollar is a dollar.  When it comes to an international stage a dinar is not a dollar, nor is a dollar a British pound or a Japanese yen.  There's a difference in value.  Are they one of each?  Of course they are...But are they valued the same?  Absolutely not...

 They're talking about deleting the zeros again...We're not talking 1, 2 or three articles...

 Article quote:  "The issue of deleting the zeros and splinting the dinar has become a topic that causes a lot of reflection and controversy in economic circles..."  

 If you go from 1310 to something back to a 'previous era'...is a big move ...Article quote: "When this is done correctly we can expect...a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980."

 Iraq is going to explode with growth.  We all know that...You're going to provide thousands  and thousands of jobs and build 10 industrial cities, millions of homes...it creates a lot of growth.  It creates a lot of jobs...    

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-militiaman-26-feb_02070859503.html

Iraqi Dinar🔥Big Move Preparing Regular Bank To Foreign Trade In Iraqi Di...

The World Trade Organization approves new rules to facilitate the exchange of services, 28 FEB

 The World Trade Organization approves new rules to facilitate the exchange of services

2/27/2024

On Tuesday, the World Trade Organization approved new rules to facilitate the exchange of services between more than 70 of its member countries, despite initial objection from India and South Africa.

 The European Union said in a statement that the agreement will contribute, by facilitating administrative mechanisms and technical rules, to reducing the costs of global trade in services by more than $119 billion every year, according to Agence France-Presse.

 In turn, European Trade Commissioner Valdis Dombrovskis explained, during the thirteenth Ministerial Conference of the World Trade Organization held in Abu Dhabi, that “reaching this result and integrating it into the World Trade Organization was not an easy matter.”

He added, "We faced opposition from two members of the organization, but the 'spirit of compromise' removed the obstacles in the end," without naming the two countries.

For her part, the Director-General of the Nigerian organization, Ngozi Okonjo-Iweala, thanked “India and South Africa for finding a way forward.”

The value of global services exports is estimated at more than $6.5 trillion, representing 23% of total global trade, according to the European Union.

The new WTO agreement applies to the 71 member states that have signed it – representing 92% of global trade in services – but businesses from other member states can benefit from it too.

China, the United States, and the European Union are among the signatories to the agreement, while India and South Africa have not signed it.

Costa Rican Foreign Trade Minister Manuel Tover, whose country led the negotiations on the agreement, considered it an “important stage” for the member states of the organization.

"This is the first result achieved by the WTO in the field of services in more than 25 years. It is a real success story for this organization," he said.  LINK