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Increase trade exchange between Iraq and America
Published in: 9:17 am, May 28, 2013 Editor: jamal
BAGHDAD (Iba) ... increased rates of trade exchange between Iraq and the United States by about 23% in 2013 compared to 2012, according to statistics commercial attaché in Washington.
Oil exports occupies the introduction of trade relations between Iraq and the United States, as well as providing the requirements of projects and government contracts from the U.S. markets and the growth of trade with the Iraqi private sector as well.
He says adviser to the Ministry of Finance Hilal Taan, that the United States is one of the key markets for Iraqi oil, especially that Iraq today is trying to win the confidence of the global economy in order to get rid of its survival under Chapter VII of the UN Charter.
The United States has canceled all of Iraq's debt, amounting to more than $ 4 billion in 2005, also provided $ 18 billion and $ 400 million grant for the development of projects and enter into contracts with the provincial councils to develop fact the service in Iraq, at a time when imported by Iraq most of its equipment and even food from the U.S. side, according to Taan.
As stressed member of the Committee on Economy and Investment Amer Hussein on the need to increase trade with all countries, with the necessity of maintaining the balance of trade and not be Iraq from importing countries only, he said, adding that the application of the law of customs tariff will work on the Iraqi economy equation.
To draw an economist Salim al-Jubouri that the beneficiary of the Iraqi oil trade in the process that is the side that will engage the U.S. turn this oil into useful materials more economically.
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Published in: 9:17 am, May 28, 2013 Editor: jamal
BAGHDAD (Iba) ... increased rates of trade exchange between Iraq and the United States by about 23% in 2013 compared to 2012, according to statistics commercial attaché in Washington.
Oil exports occupies the introduction of trade relations between Iraq and the United States, as well as providing the requirements of projects and government contracts from the U.S. markets and the growth of trade with the Iraqi private sector as well.
He says adviser to the Ministry of Finance Hilal Taan, that the United States is one of the key markets for Iraqi oil, especially that Iraq today is trying to win the confidence of the global economy in order to get rid of its survival under Chapter VII of the UN Charter.
The United States has canceled all of Iraq's debt, amounting to more than $ 4 billion in 2005, also provided $ 18 billion and $ 400 million grant for the development of projects and enter into contracts with the provincial councils to develop fact the service in Iraq, at a time when imported by Iraq most of its equipment and even food from the U.S. side, according to Taan.
As stressed member of the Committee on Economy and Investment Amer Hussein on the need to increase trade with all countries, with the necessity of maintaining the balance of trade and not be Iraq from importing countries only, he said, adding that the application of the law of customs tariff will work on the Iraqi economy equation.
To draw an economist Salim al-Jubouri that the beneficiary of the Iraqi oil trade in the process that is the side that will engage the U.S. turn this oil into useful materials more economically.
[You must be registered and logged in to see this link.]
