Thursday, July 31, 2025

IRAQ NEWS: ๐ŸŒ๐Ÿš€ Iraq’s Big Leap: Nearing WTO Membership with Strong ITC Support! ๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿค๐Ÿ’ผ

  SOURCE : The Ministry of Commerce discusses with the ITC the latest developments regarding Iraq's accession to the World Trade Organization and enhancing technical support.

The Ministry of Trade announced today, Tuesday, that the Department of Foreign Economic Relations held a meeting with representatives of the International Trade Centre (ITC) to discuss the latest developments related to Iraq's accession to the World Trade Organization (WTO) and ways to enhance technical cooperation to support this process.

A statement issued by the ministry's media office, quoting the department's director general, Riyadh Fakher Al-Hashemi, stated that the meeting discussed prospects for joint cooperation in reviewing the technical files prepared by the accession team in coordination with the technical committees emanating from the relevant national committee.

The statement emphasized the importance of the technical and technological support provided by the International Trade Centre, particularly during this critical phase, given its significant role in enhancing the efficiency of national teams and strengthening institutional readiness for accession requirements.

The meeting also addressed efforts to update the Nationally Determined Contributions (NDC) document, in coordination with sectoral bodies, in line with government policies aimed at integrating environmental and sustainability concepts into economic and trade policies.

At the conclusion of the meeting, Al-Hashemi stressed that the meeting was part of the department's ongoing efforts to develop Iraq's trade policy and enhance institutional and technical capabilities,

supporting Iraq's accession to the World Trade Organization and strengthening its presence in the multilateral trading system.

For their part, representatives of the International Trade Centre praised the progress made in the accession file and the level of coordination with the Department of Foreign Economic Relations, stressing their readiness to continue providing the necessary technical support to complete the accession requirements  link

----

๐ŸŒ๐Ÿค Iraq Advances Toward WTO Accession! ๐Ÿš€ Highlights ๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ“ˆ


๐Ÿ›️ Key Meeting:

  • Ministry of Commerce met with International Trade Centre (ITC) to discuss Iraq’s WTO accession progress and technical support enhancement ๐Ÿ’ผ๐Ÿ”ง

  • Focus on reviewing technical files & strengthening national committees’ readiness ๐Ÿ“‚✅


⚙️๐Ÿ“Š Technical & Institutional Support:

  • ITC’s role crucial in boosting efficiency of accession teams and institutional preparedness ๐Ÿข⚡

  • Joint efforts to update Nationally Determined Contributions (NDC), integrating environmental & sustainability goals ๐ŸŒฑ๐ŸŒ


๐Ÿ”œ๐Ÿ“ˆ Looking Ahead:

  • Meeting marks ongoing efforts to develop Iraq’s trade policy and strengthen global trade presence ๐ŸŒ๐Ÿ’ช

  • ITC ready to continue providing technical assistance to finalize accession requirements ๐ŸŽฏ๐Ÿค


FIREFLY: ๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿšซ๐Ÿ’ฅ Iraq Bank LOCKOUT Incoming?! “Never Seen This Before” – Something BIG Is Coming ๐Ÿงจ๐Ÿ•ต️‍♂️

๐Ÿ”ฅ Frank26 Iraq Update – Highlights

[Boots-on-the-ground intel from FIREFLY – 07/30/2025]


๐Ÿ‡ฎ๐Ÿ‡ถ Bank System “Lockout” in Iraq


๐Ÿง  FRANK26’s Analysis:

  • This doesn’t look like the normal end-of-quarter audit pause.

  • This feels different —  “smells different”, like something big is about to happen.

  • Suggests the lockout might be a strategic window to introduce major changes, possibly related to the currency reform or RV.

  • Calls it a “break in the pattern” of Iraq’s banking system.


WALKINGSTICK: ๐Ÿšจ๐Ÿ’ฅ Iraq’s Banking Shutdown Shock! ๐Ÿ‡ฎ๐Ÿ‡ถ❄️ New Currency Rate Dropping Soon! ๐Ÿ’ณ๐Ÿ”œ๐Ÿ”ฅ #iqd

 


IRAQ NEWS: ๐Ÿ’ธ๐Ÿ“‰ Iraq Cuts Spending & Stabilizes Debt! ๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ“Š Big Move Toward Economic Control! ๐Ÿ”ฅ๐Ÿ’ช

 Central Bank of Iraq: Decrease in public spending and stability in domestic debt

๐Ÿ“‰๐Ÿ’ฐ Iraq’s Public Spending Drops & Domestic Debt Stabilizes – Highlights ๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿฆ


๐Ÿ“Š Key Data from April 2025:

  • Public spending decreased to 9.49 trillion dinars

  • ๐Ÿ“‰ 6.69% drop compared to March (10.17 trillion dinars)

  • Also down from 12.07 trillion dinars in April 2024


๐Ÿ“ˆ๐Ÿฆ Domestic Debt Update:

  • Stabilized at 58.54 trillion dinars in April (same as March)

  • But still an 11.13% increase compared to April 2024 (76.97 trillion dinars)


๐Ÿ”‘ Takeaway:

  • Iraq is cutting spending and managing to keep debt stable in the short term

  • Shows improved fiscal discipline and control amid economic challenges ⚖️



  link


๐Ÿบ๐Ÿ’ฅ Wolverine: "Payment Starts THIS Week – Silence Means It's REAL ๐Ÿ”ฅ๐Ÿ•ต️‍♂️๐ŸŽ‰"

 Wolverine 

 I can only say certain things, as most is confidential. 

All my sources are not talking as they might be under NDA. 

What we know is that payment will start this week.

 There were certain delays (not surprised) but nothing will stop this as any day we will be celebrating...

.. very soon will be crossing that finish line. I’ve had some wonderful conversations with some whales and representatives and...

They say that when President Trump comes back from overseas to the White House, it will be a different world... 


๐Ÿ’ฃ๐Ÿ”ฅ FRANK26 Alert: ๐Ÿ’ฅ Secret Intel Confirms Iraq’s Financial Reset Is Imminent! ๐Ÿฆ๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿš€

 


IRAQ NEWS: ๐ŸŒ๐Ÿค Iraq’s Economic Boom Incoming! ๐Ÿš€ Development Road & Global Partnerships Set to Transform the Nation ๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ’ผ

 Experts: Economic Partnerships Are An Important Step To Drive Development.

๐Ÿ“Œ Economic Partnerships Boost Iraq’s Development – Highlights ๐Ÿ‡ฎ๐Ÿ‡ถ๐ŸŒ


๐Ÿค๐ŸŒฑ Key Points on Economic Partnerships:

  • Iraqi government praised for reviving bilateral partnerships with global capital & organizations ๐Ÿ’ผ๐ŸŒ

  • Partnerships are crucial for:


๐Ÿšง The Development Road Project:

  • Major gateway linking Faw Port to Turkey, Europe, and Arabian Gulf ๐Ÿšข๐Ÿ›ฃ️

  • Will boost trade, reduce shipping costs, and enhance regional stability & security ๐Ÿ›ก️๐Ÿ“‰

  • Supported by the official launch of the TIR international customs system (since April 2025) ๐Ÿ“ฆ๐Ÿ”’


๐Ÿ’ก๐Ÿ“Š Transparency & Innovation:

  • Success depends on:

    • Government commitment & political stability ๐Ÿ›️

    • Transparency in implementation ๐Ÿ”

    • Focus on innovation, green economy, and clean energy ๐ŸŒž๐Ÿ”‹

  • Includes tax & financial reformsprivate sector growth, and financial inclusion ๐Ÿฆ✨


๐Ÿ“ˆ๐Ÿ”ฎ Future Plans & Global Cooperation:

  • Iraq preparing 5- and 10-year strategic plans to attract investment and reduce oil dependency ๐Ÿ“…๐Ÿ’ผ

  • International consultations helping with subsidy reform and public fund transparency ๐Ÿ› ️๐Ÿ’ก

  • Enhanced ability to negotiate and engage in regional and global initiatives ๐ŸŒŽ๐Ÿค


๐Ÿš›⏱️ Trade & Transport Efficiency:

  • The TIR system improves customs transit, reducing shipping time & costs ⏳๐Ÿ’ธ

  • Strengthens Iraq’s role as a regional trade hub and corridor ๐Ÿšฆ๐ŸŒ


๐Ÿ›ข️➡️๐ŸŒ Iraq Is Entering a Post-Oil Dependency Era!!

๐Ÿ›ข️➡️๐ŸŒ  Is Iraq Entering a Post-Oil Dependency Era? ๐Ÿ“ˆ Every time I read Iraq's economic news, I see a trend that I believe is far more...