Part 1 Millionday & People Invested News Discussion
[millionday] this is an article that we have to read because of the huge amount of info in it there is alot i have to share with you – now let me talk about a few things that i find interesting as well first
[millionday] the UN has changed the official iraqi representative to someone that has spent much time working for the world bank — kobler is out and cbi has announced that the security situation will not and does not negatively effect the monetary reform timeline or the economic/banking reform either and the UN is there with multiple other representatives from the UN and also the IMF
[millionday] we have alot of reports so let me bring the reports so they make sense and i will try to answer your questions after each and summarize in the middle – ok here we go
[millionday] the first one is about the entry to the globe and of course the wto ect it is worded strange
millionday] This article includes adequate answer a question for as long as PayPal served researchers, planners and economists, to the effect that Iraq is eligible to join the World Trade Organization (WTO) wto??
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Read More Link On Right
[millionday] Adopted Iraq since 2003 policies open and wide around the world and sought to establish the rules of economic and legislative task of working according to the mechanisms of the market system, as it helped mostly on improving trade Iraq for Foreign Affairs,
after the economic blockade lasted for more than a decade and odd time led to the marginalization of Iraq on a map of the economic system and the denial of global investment opportunities, progress and development and technological knowledge that should have been appointed to cope with the rapid developments and changes that occurred to the international market and change their competitiveness sharply over the past two decades.
[millionday] Thus, under the Iraq suffers from the legacy of isolation from its surroundings international in the midst of a world invaded streams merger of his companies and liberalization of its markets and integration,
especially financial and sovereignty doctrine neo-liberal which required economic transformations and wide in the field of IT and financial services is consistent with the UN productive activity through the role that took play MNCs and increased competitive advantage for products that generated world markets began.
[millionday] now this is the doctrine that has been signed >>>>>>>>>>> Thus, under the Iraq suffers from the legacy of isolation from its surroundings international in the midst of a world invaded streams merger of his companies and liberalization of its markets and integration,
especially financial and sovereignty doctrine neo-liberal which required economic transformations and wide in the field of IT and financial services is consistent with the UN productive activity through the role that took play MNCs and increased competitive advantage for products that generated world markets began.
[millionday] and also they go on to discuss the applications by the constitution — brb with more of it
[millionday] In spite of this, we find in the integration of financial markets, which touched the value of its assets over 850 trillion dollars, is the title of financial globalization and the focus of domination key in the global economy, the neo-liberal is at the same time represented didn Jump hubs of international trade and the introduction shift from the scope of GATT GATT signatories
In 1948, an agreement the World Trade Organization (WTO), where the latter focused on the organization of a broad spectrum of trade in services, particularly financial services, which was named GATS Annexes to the Convention in 1994 on the basis of the Uruguay Rounds.
millionday] While not exceed the global GDP 70 trillion dollars annually at the present time, and also did not increase the value of world trade in goods and services annually is the other, but less than a third of global output mentioned above, we find that trade in currency converter and speculation in which more than about 4 and a half trillion dollars a day in the markets,
the International Monetary and Financial a financial trade speculation over the annual total to more than fifty times the total world trade in goods and services activity
[millionday] note — we know the huge amount of countries that are part of the wto from the massive reading we have done on the subject so no need to go on about that but — the benefits listed here makes perfect sense with that knowledge we have – brb with more of this smile
[millionday] . In the midst of these changes in the commercial space and the international financial, go Iraq to organizational levels are important in the transition to a market economy to break the effects of isolation of international cross-engage in the area of strong economic liberalism centered in the liberation of the areas of trade Iraq’s foreign goods and services and ways of financing,
although volatility or uncertainty organization, as well as areas of progress in financial services and improving the environment for foreign investment through legislation legal banking, investment and the central bank law and amend the Companies Act,
allowing foreign banks to operate in Iraq and allows the transfer of capital and currency and in a manner that serves the openness of Iraq on the world conditions of central Rei economy ungainly in a liberal understanding of the market,
which led however to provide positive opportunities and the foundations of legal, regulatory and promising business environment in Iraq.
[millionday] But all that is not enough to put Iraq on the path of economic competition international.
Because there are still more than five thousand text of legislative texts, hindering economic freedom and market activity, holds the legal community today considered that would spend as modified so that Iraq’s integration in trade and international investment and prepare to join to the World Trade Organization under the terms of its membership in order to get our country on the most-favored-nation clause and the principle of national treatment.
[millionday] one sec let me address this – so this is stating what would keep them from entering or the issues they need to be a part of the wto at this point
[millionday] note —- >>>>>>>>>>>>>>>>> as well as areas of progress in financial services and improving the environment for foreign investment through legislation legal banking, investment and the central bank law and amend the Companies Act,
allowing foreign banks to operate in Iraq and allows the transfer of capital and currency and in a manner that serves the openness of Iraq on the world the countries that are part of the wto that they would be doing business with — have to be able to get the iraqi dinar and the rate has to be a part of reality
[millionday] along with the other things that have to be activated mentioned — this is very important to us obviously
[millionday] now the banks that have to be able to do business there in the largest portion — want their banks to not only benefit but also to gain in that area as well — through the market that we are also going to talk about in a minute
[millionday] At the time, which dominates the oil production on the proportion of about 60 Palmihmn components of GDP, but he only 2 percent of the labor force in Iraq.
It is interesting that the labor force in the country to only 22 percent of the total population who are able and willing to work, which means that there is an imbalance vast in the installation of wealth producing human and ability to invest, particularly women’s labor force ones that complain of negligence, ignorance and illiteracy on a large scale
[millionday] While a country’s exports of crude oil and returns absolute majority semi percentage of the total export revenue of the general budget and the outcome of the country’s foreign exchange. In the face of all that, the WTO ruled out of crude oil being a commodity within the range of goods that are traded internationally, which still forms the core of the contradiction in Iraq’s accession to that organization, which excludes crude oil.
millionday] If the WTO allowed the introduction into account the oil to leave the price is determined by supply and demand world away from the cartel or consumer groups and the representative of the International Organization for power lines and programs to rationalize the demand for oil.
Or away from the cartel or gatherings producers represented by the Organization of Petroleum Exporting Countries (OPEC) and its role in the regulation of production and the impact on prices, which put restrictions price and quantity of a commodity business, but strategic and political at the same time, which is the driving force behind the trade of Iraq’s foreign.
millionday] note — meaning the oil — now remember that the wto does not want that to be the only market at all and wants iraq`s reliance to expand
millionday] . And on the other side of the Iraqi economy, we find the agricultural sector, which includes one-third of Iraq’s population and about 22 percent of the labor force actual Aashm in GDP, but by not exceeding 5.7 percent at best, making the country almost a net importer of food Aowalsla agriculture.
As this important sector, which was the militarization and neglect over the past thirty years, to possess the ingredients sufficient in providing food security of grain or production requirements agricultural after shrinking acreage produced by desertification and salinization, and
[millionday] poor infrastructure in it that overcome the disabling more than 80 percent of the arable land. Wan Security grain from domestic production is still available at rates exceeding 40 percent of the wheat crop in the best cases, almost to for other varieties covered by imports almost absolute such as rice and other field crops.
Here, contrary to the agricultural sector with structurally oil sector in the trends of openness to the world market and different wings in terms of the impact of trade benefits and costs.
[millionday] so obviously we know that they are talking about the entry of the iraqi market to the globe and its benefits as moving forward for the wto accession — however — brb
[millionday] >>>>>>>>>>>>>>>>>>>>>>>Notwithstanding the foregoing, the entering Iraq and regularity in the space of global economic via the WTO and its dealings with international groups terms apply to everyone technically at a time still when the world is divided between the northern and southern countries or countries industrial center of Advanced and Pacific developing,
what on Iraq the option to leave the isolation of international inherited since the siege, which began in 1990 and that the situation in Iraq under Chapter VII of the UN Charter even completed on June 30, 2013, a chapter that did not provide for Iraq, but economic environment is negative anti-development and possibly disruptive to integrate natural market World
[ROBINREDHED] so are they or arent they?
[millionday] they are as they have been training for but look at this part of this report it is long but full of info of where we are right now
[millionday] Where the prohibition of that chapter and Madarthelath Twenty-year-old levels of investment in advanced technology Awaltaati facilitator where with the world because of the imposed restrictions on our country until very recently being the countries high-risk and threatening world peace and legalization use of force against him despite the demise of the substantive reasons imposed economic sanctions, which on Iraq at the time.
noting that Iraq’s accession to the areas of regional economic, as a greater Arab free trade and other economic agreements within the scope of the Arab League or other forms of integration and regional integration,
it is necessary to take into account the implementation of the provisions contained in the Convention of the Organization and before the World Trade GATT, which became both two limitations are obliged to implement trade agreements.
[millionday] now what this means is that there was a problem in the way but as we read in this part of the report — it does not exist anymore >>>>>>>>>>>>>>>
noting that Iraq’s accession to the areas of regional economic, as a greater Arab free trade and other economic agreements within the scope of the Arab League or other forms of integration and regional integration,
it is necessary to take into account the implementation of the provisions contained in the Convention of the Organization and before the World Trade GATT, which became both two limitations are obliged to implement trade
[Papatom] millionday obliged to implement trade I LIKE It
[millionday] so in other words the many agreements at this time must move forward with other countries — yes very very good
[millionday] they must move forward at this time in other words due to the way the agreements are written and the conventions that we have seen them working on in the last few weeks
[ROBINREDHED] ok ill take “obliged”
[millionday] >>>>>>>>>>>>>>>>>> Iraq remains isolated from the surroundings international without the availability of a climate of interaction with the market illiteracy and regulations of international, and in particular the World Trade Organization, cost him a lot because of the loss of the benefits and opportunities for regulatory and benefits of technological, legal and other areas of investment, arbitration and ensure that intellectual property rights and to address the plunging commodity, etc.
It opportunities that Ayufarha his isolation from the world orderly and can not be of a gradual transition to a stable countries and few risks and aspiring to shift towards openness approach to the world
[Papatom] millionday it goes well with the article last night or night before that said that Iraq had to be treated differently cus that they would come out fully developed….. ? remember?/?
wmawhite] Papatom ………good point Tom………………millionday
[peppermint] millionday but don’t they have until the end of this year to work on getting into WTO
[millionday] note — this is saying that nothing can be done gradually — it has to be done all at once and entirely
[Papatom] wmawhite not a normal emerging country….
[faith1] NOW is good !! Iraq the option to leave the isolation of international inherited since the siege, which began in 1990 and that the situation in Iraq under Chapter VII of the UN Charter even completed on June 30, 2013, completed on June 30, 2013, Completed ! All at once is Very Good !!
[ROBINREDHED] shooot, then jus do it gawwwww
[millionday] this is due to the major loss they have already had from the lack of accession and also from the way the organizations are set up and able to accept iraq
[wmawhite] millionday millionday ………..do you agreed.
[millionday] they have to be all the way or no way in these trade organizations entirely — i am almost done with this report and then i will be able to answer it better
[wmawhite] millionday ………..all the way with their currency..tooooo.
[millionday] im sorry what hun?
[wmawhite] 8:25 PM [Papatom] millionday i goes well with the article last night or night before that said that Iraq had to be treated differently cus that they would come out fully developed….. ? remember?/?
[millionday] yes i remember and it does go well with it — i agree
[wmawhite] super!!!
[millionday] smile
[cookie2] Does this mean they will RV and join WTO at the same time? millionday
[millionday] there are just two more parts of this and i will bring them if you want — i find that they make the whole thing make sense
[monique13] bring it on!!
[cookie2] Please
millionday] cookie2 no they are just saying they are trying to do all their work with wto compliance so they dont have to do it over in that part
[cookie2] millionday TYVM
[millionday] that was all to explain how exciting this last part is and how it means where we are
[millionday] yw all the time hun
[millionday] a shift that promotes international cooperation in the investment environment and international trade and regional safe.
taking into account the importance of Masyuverh Iraq’s accession to the Organization of providing protection for the work force Iraqi expatriate working outside the country and not less than estimates of a million to a million half Operated spreads mostly in parts of the world first,
paralleled at the same time the capital of Iraqi expatriate is adrift to some extent, exposed to the potential for exposure and narrow your chances of legal defense their rights, as well as weak bargaining power in the protection of their money
[millionday] so the lack of availability of national capacity official to defend its interests, or even take advantage of the return in the reconstruction of Iraq., and such a pattern of alienation extreme production factors Iraq, despite the problems suffered its interests in the areas of set up outside Iraq,
in many cases, to abuse and the loss of rights, it still with incubator country’s economic and voluntary return to the country as a function of producing effective, but the availability of the ability to integrate official of Iraq in the global trading system and its institutions represented by the World Trade Organization and in accordance with the basis of a negotiated fair
[millionday] so as we see — they are saying that everything will be done at the same time — entry in the world will not be slow due to the massive contracts and the massive need of complete compliance with trade laws and the entry to supply and demand or market economy in such a way that the transition to all international organizations as they come up will be done with smooth entry and also will be in a hurry due to the fact they have calculated their losses due to their snail pace they have remained in [millionday] smile
[cookie2] millionday — Could we have your Reader’s Digest version of the article, please?
[faith1] major loss they have already had from the lack of accession…. major loss they have already had from the lack of accession… ascend already !! Does Iraq have t be fully ascended into WTO to raise the value of their currency..
[ROBINREDHED] cookie2 right?
[millionday] faith1 no — its the other way around — they have to have tradable currency and be compliant
[cookie2] robinredhed lol
[faith1] I was gonna ask ,, is it the other way around,,,, Thanks !1 !!
[millionday] smile
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