Iraq confirms it has completed the requirements to join the World Trade Organisation, 5 MARCH

Iraq confirms it has completed the requirements to join the World Trade Organisation

Iraq has confirmed that it has completed the requirements to join the World Trade Organisation (WTO) after completing economic reforms and improving the business environment. Iraq submitted a request to join in 2004. The Iraqi Minister of Trade, Atheer Al-Ghurairi, affirmed that Iraq fulfilled the conditions necessary to become a member of (WTO) following the completion of economic reforms and the enhancement of the investment climate.

The remarks of the Iraqi Trade Minister took place during his participation in the 13th Ministerial Conference of the WTO held in the UAE capital, Abu Dhabi.

Shwan Ibrahim Taha, an expert in Iraq’s finance and investments affairs, said: “Iraq business needs to make substantial reforms and changes to boost its private sector that still lags behind giving the opportunities and resources available in the country”.

“To comply with WTO rules, Iraq has to align their trade policies with international standards. This process not only enhances the efficiency of domestic industries but also attracts foreign investments, as investors are more confident in transparent and consistent regulatory environments, something Iraq SME’s disparately needs”

WTO membership promotes transparency and predictability in trade relations. The organization provides a rules-based system that ensures fair competition. By adhering to established trade norms, countries can resolve disputes through the WTO's dispute settlement mechanism, ensuring a level playing field for all members.

Furthermore, the WTO promotes development by addressing the concerns of developing nations. Special and differential treatment provisions recognize the developmental needs of these countries, allowing them more time and flexibility to comply with WTO agreements. This inclusivity aims to bridge the economic gap between developed and developing nations.

Joining the World Trade Organization (WTO) offers a multitude of benefits for member countries, fostering economic growth, stability, and global integration.WTO membership opens up markets by reducing trade barriers, enjoy lower tariffs and fewer restrictions, leading to increased export opportunities.

https://www.zawya.com/en/press-release/companies-news/iraq-confirms-it-has-completed-the-requirements-to-join-the-world-trade-organisation-mt07lwye

"PROOF OF THE IQD BACK SCREEN RATE" BY THEkING62 VIA BEARDED PATRIOTUSA, 5 MARCH

THEKING62

PROOF OF IQD BACK SCREEN RATE

For those people who think the RV is false,think again!  Credit to Brad Strecker who first found this by fiddling with his trading chart service. When you play around with the symbols, you were able to pull up the screen of the iraqi dinar vs. the US dollar! Everyone has been mumbling about a back screen rate of $2.70 per dinar. 

Well, this chart, which is live, shows it trading in that range, it shows volume of 435 million.I also dug around and was able to confirm it on a second source,forexlive! So it looks like there’s an alternative trading rate, but we won’t be able to do anything until it goes on the public Forex exchange! But it certainly exciting to know that there is a secondary rate that’s real. So it confirms the RV is real.

 We just don’t know when!

https://t.me/Bearded_PatriotsUSA/15720

Coffee with MarkZ. 03/05/2024

IQD Stronger Than $$$💣Dinar Trading Live in Forex!🤔Iraq Dinar RV Updates...

Iraq Embarks on Ambitious Reforms: 1000 Scholarships, Economic Revival, and Anti-Corruption Drive, 5 MARCH

Iraq Embarks on Ambitious Reforms: 1000 Scholarships, Economic Revival, and Anti-Corruption Drive

Amidst a backdrop of economic challenges and opportunities, Iraq's government is setting a bold agenda for reform and development. Deputy Director of the Prime Minister's Office, Ali Razouki, unveiled a comprehensive plan to revitalize the nation's economy, combat corruption, and significantly invest in the future of Iraqi youth. During the Rafidain Forum, Razouki highlighted the government's commitment to sending 1,000 students abroad on scholarships this year as part of a broader strategy to stimulate economic growth, enhance services, and root out corruption.

Empowering Youth and Fostering Education

The decision to send 1,000 students overseas on scholarships signifies a substantial investment in Iraq's future leadership and workforce. This initiative is part of a larger vision to enhance the skills and opportunities available to Iraqi youth, ensuring they are well-equipped to contribute to the nation's development upon their return. The focus on education and youth empowerment aligns with global best practices for sustainable economic growth and social progress.

Strategic Economic Reforms and Service Enhancement

Razouki's announcement also emphasized the government's dedication to implementing strategic economic reforms, improving public services, and tackling corruption head-on. These efforts are crucial for Iraq's stability and prosperity, especially in the context of recent praise from the International Monetary Fund (IMF) for the measures taken by the Central Bank of Iraq. The IMF has highlighted the importance of maintaining economic stability, encouraging growth in the non-oil sector, and advancing digital transformation as key factors for Iraq's economic future.

Challenges and Prospects

Despite the ambitious plans and positive outlook, Iraq faces significant challenges, including dependence on oil revenues, fluctuating oil prices, and the need for extensive structural reforms. The IMF has cautioned about the risks associated with oil price volatility and the necessity for Iraq to diversify its economy to ensure sustainable development. Implementing the proposed reforms, improving governance, and enhancing public services are critical steps toward achieving these goals and mitigating the risks associated with oil dependency.

The Iraqi government's current initiatives, including the scholarship program, economic reforms, and anti-corruption measures, reflect a significant commitment to transforming the country's socio-economic landscape. While the journey is fraught with challenges, the focus on education, economic stability, and governance reforms provides a strong foundation for a prosperous and resilient Iraq.

https://bnnbreaking.com/politics/iraq-embarks-on-ambitious-reforms-1000-scholarships-economic-revival-and-anti-corruption-drive

"THE GOLD WILL DETHRONE THE FIAT DOLLAR" BY MIKECRISTO8, 5 MARCH

 MikeCristo8

@MikeCristo8 

Again, the fiat dollar has manipulated exchange rates against other foreign currencies as to why bitcoin will never be held by foreign central banks.

The Gold RV will dethrone the fiat dollar and dollar liquidity will crash (by 95%), And bitcoin will be all wash up as liquidity dries up to the U.S. Treasury bond default.

Quote

Matthew Pines

@matthew_pines

·

Mar 3

Replying to @MikeCristo8 and @LawrenceLepard

If you care for a nuanced analysis that doesn’t scream in all caps, see this discussion I had with Dr. Ferranti (whose paper on the subject was reviewed by Ken Rogoff): x.com/matthew_pines/…

The President of the Republic meets Blaskhart and confirms Iraq’s keenness to coordinate with the international community, 5 MARCH

 President of the Republic, Abdul Latif Jamal Rashid, received today, Monday, the Special Representative of the United Nations Secretary-General in Iraq, Jeanine Blasschart.

Rashid stressed, according to the presidential statement, a copy of it received during the meeting: “Iraq was keen to coordinate and cooperate with the international community to support its efforts in consolidating security and stability and ensuring the security and safety of citizens.”

Rashid pointed out that “the need to work jointly with international organizations to confront challenges in the field of environment, climate, health and education in a way that ensures a decent life for Iraqis.”

https://alforatnews.iq/news/رئيس-الجمهورية-يلتقي-بلاسخارت-ويؤكد-حرص-العراق-على-التنسيق-مع-المجتمع-الدولي