KTFA
MilitiaMan » August 23rd, 2020
Surely we can get the broader picture and put aside that the negativity of this hasn't RI'd yet, to rest. The process is clearly a massive endeavor and now we see evidence of the deals are going to be in RAW MATERIALS... Some very big companies can be attracted by the USA Administration. Getting so very good.. imo...WE shall see how this unfolds. imo ~ MM
Don961 » August 23rd, 2020
Iraqi-American Partnership .. Foreign Experience and Opportunity for Economic Advancement
Saturday 22nd August 2020
Baghdad / morning
Experts and specialists in economic affairs considered the visit of Prime Minister Mustafa Al-Kazemi to Washington a step towards creating a partnership with the largest economy in the world, by attracting giant American companies to enter the Iraqi market, while they indicated that there are attempts to use international expertise to advance the economic sectors. The visit is on the economic level, especially in light of the financial and health crises the country suffers from.
Economist Dr. Safwan Qusay said in a statement to "Al-Sabah": Al-Kazemi's visit to Washington represents a step towards activating the partnership with the United States, which has the largest economy in the world, pointing out that there is an attempt to pressure the United States towards the process of putting Iraq on the map of global production.
Investment of raw materials
He added that "Iraq possesses raw materials that represent a store of raw materials at the level of the globe, indicating that if the American administration can pressure its companies towards investing these raw materials, whether at the level of gas, oil, phosphates or cement, then Iraq can create resources far from Oil and diversifies its economy. "
He continued: "There is also an attempt by the Al-Kazemi government to rehabilitate the Iraqi banking sector, because this sector has been affected due to its distancing from the world by creating partnerships with international banks, stressing that this will give us reassurance for international investment who wishes to deal with an advanced banking system to come." To the local environment.
Reducing Iraq's share in OPEC
He indicated that Al-Kazemi will also try to pressure the American administration to reduce Iraq's share in the oil cuts, Cubic Plus, indicating that (OPEC +) has pressed Iraqi production by about one million barrels, and there is an attempt, under the direction of the American administration, to the countries of the region in order to reduce the percentage of the reduction in the level of Iraqi oil. , Especially at this stage in which Iraq desperately needs revenue at the level of the federal budget.
Iraq's relations with the largest economies in the world
He went on to say: We are looking forward to future partnerships with the United States, especially that Iraq wants the economic approach to be the dominant one away from tensions in the region, stressing that this is a historic opportunity that Iraq has good relations with the largest economies of the world, which are the United States of America as well as China and the European Union. We must invest in these relationships towards re-activating all economic sectors in Iraq, whether educational, health, or the energy system.
Iraq is an attractive environment for American companies
He pointed out that Iraq is looking to create free industrial cities. Foreign direct investment can invest in these cities, and thus increase the level of industrial stability in Iraq and financial and food stability, explaining that just the American president's reception of the Iraqi prime minister, this is a clear indication that the Americans are still betting On the political system in Iraq, and this also gives a good indication to investors and companies, that the US administration is a guarantor of stability in Iraq.
The need to get rid of the dominance of oil
For its part, a member of the Administrative Board of the Iraqi Economists Association, Dr. Ikram Abdel Aziz, in a statement to Al-Sabah: In light of the unilateral continuity, control and dominance of the crude export oil sector and in light of the deterioration of the reality of agriculture, industry and even the service sector, reform is an imperative and reform efforts are what must be adopted and pursued by specialists and technicians in this Economic matter .
And she added, that all of this collides with the reality of the financial consequences that Iraq suffers, as there is a debt crisis that has approached the risk level, and accounted for between 55 to 56 percent of the gross domestic product of the Iraqi economy.
Inviting the giant American companies
She indicated that Al-Kazemi's visit to Washington was aimed at inviting giant companies and businessmen to enter the Iraqi market and into the field of investment, to take advantage of the technologies that they have and their capital and to progress to this country from the expertise and consultants, in order to contribute to the development and diversification of the structure of the Iraqi economy, and this is what we were aiming for. To him years ago.
And she continued: As well as focusing on the energy and electricity sectors, pointing out that the electricity sector has become a worrying concern for the Iraqi citizen in terms of instability and its consequences not only on the citizen, but on the factories and the economy in general, as for the energy sector, there may be a diversity of energy sources, Regarding gas, oil, and more.
The economic success of Al-Kazemi's visit
She indicated that Al-Kazemi met the International Monetary Fund with this fund, which deals with debts and others, indicating the country from which it borrows to follow the recommendations and proposals of the World Bank, which are binding, including restructuring the economy according to the vision of the World Bank.
Abdul Aziz confirmed that the prime minister's visit will be a servant of the economic paths whenever this visit and its results are employed by the Iraqi professional and practical experiences that may contribute to activating the axes, which Al-Kazemi intended to be in the interest of Iraq through his discussions with The Americans officials.
On Thursday 20/8/2020, Prime Minister Mustafa Al-Kazemi and US President Donald Trump chaired a meeting of the Iraqi and American delegations at the White House, in which Al-Kazemi affirmed that no threat to Iraq would be allowed from any country, while Trump expressed his country's readiness to provide all forms of aid To Iraq.
The media office of the Prime Minister said in a statement: "Al-Kazemi met, at the White House, the President of the United States of America, Donald Trump." The statement added that "Al-Kazemi held a bilateral meeting with the US President, in which they discussed strengthening relations between the two countries, the situation in the region, and the many challenges that Iraq faces." link
Source: Dinar Recaps
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