Optimism exit of Iraq from Chapter VII

23/06/2013 12:00 AM

Experts enemy step towards opening up the global economy of the country
 BAGHDAD - Hussein ثغب of Tamimi
 Mustafa al-Hashemi

Received a number of specialists in the economic decision to remove Iraq from Chapter VII, which under the country's economy decisions negatively affect the development, and drew interested that discretion money after the entry into force of the country from the shackles of Chapter VII enables it to achieve a comprehensive development if accompanied by plans strategy at all levels .

International obligations

Banking expert at the Ministry of Finance. Hilal Taan said that the impact of the withdrawal of Iraq from Chapter VII of the economy has positive dimensions of the most important that Iraq no longer poses a threat to world peace allowing the states to be more openness in economic terms.

He Taan told (morning): that Iraq would emerge from Chapter VII and move on to Chapter VI of the UN Charter comes after the fulfillment of its international obligations regarding the improvement of relations with Kuwait after the repercussions of the invasion of that country because of the policies of the former regime, which was the most prominent resolve the file redrawing border and the payment of compensation and the subject of Iraqi Airways, pointing out that the decision to extend the protection has nothing to do with the exit of Iraq from Chapter VII.

Is shackled to the limitations

He explained that under that will become the Iraqi economy is shackled to restrictions and is free and has a decision in his hand and take the action that fits the circumstances, and pointed out that the extension of protection to Iraqi funds came at the request of Iraq to protect it from claims of foreign and piracy of creditor nations, noting that after extinguishing Iraq's debt, according to the club Paris now, there is no fear of the remaining refund to Iraqi sovereignty.

He pointed out that Iraq's relations with economic relations with the countries of the world will evolve after his release from Chapter VII soon and is shackled international resolutions in terms of trade as the countries considered to Iraq that it fulfilled its international obligations in full thereby increasing confidence in the Iraqi economy and the expansion of trade with Iraq and will get an improvement in the economic development The economic situation in general.

Freedom of import

The Taan that there materials and goods can not be for Iraq now imported directly from Mnashiha only through an intermediary world because تكبيله restrictions of Chapter VII of the Charter of the United Nations, however, he and after moving to Chapter VI of the Charter, it will be able to control fully the sovereignty of the economic of free trade and import of goods without the need for an international mediator, as he will become the most attractive environment for foreign investment in the region after the economy freed from international restrictions that resulted from it due to the wrong policies of the former regime.

Business strategies

Economic expert Hassan Hadi al-Asadi said in an interview (morning) that the situation in Iraq under Chapter VII, which cable Iraqi economy, and bound him for a long time, pointing out that everyone knows that the revenues the country into the Development Fund, founded by President George Bush in order to protect the money from countries and companies that claim to have rights to Iraq before the year 2003. He said al-Asadi said: that the government if the act باموالها wants need to be approved by the Development Fund for it under Chapter VII, and this led to be a freedom to act is not complete.

He noted that the exit from Chapter VII gives greater freedom to act in Iraqi funds by 100 percent, and here it requires the development of strategies for action and a clear and supportive of the Iraqi economy at all levels of the short, medium and long term, especially in light of the growing country's budget year after year.

Revive international relations

The economic expert d. Akram Abdel Aziz has confirmed that Iraq would emerge from Chapter VII toward Chapter VI, which will be its decisions are not binding would revive international relations with Iraq and restore confidence in the economy and thus be a strong attraction for international companies and capital towards the inside, according to being makes orientations financial autonomous and is far from the pressures and fears of any abnormal conditions of Iraq.

She said the decision could cast a shadow on the positive of Iraq's economic activities in general, and that this decision has brought Iraq out of Iraq is considered trusteeship fledged sovereign state and will become a free state in the management of their funds away from the confiscation and freezing.

Iraqi Prime industrial assembly Abdul Hassan Shammari said in his speech for the (morning) that Iraq would emerge from Chapter VII is a very important decision and helps to achieve economic development, pointing out that he will open wider horizons in the country's economic transactions all over the world.

Specialized international companies

He said the decision allowed the world's leading companies and relevant international classifications developed to work in the country and that the Chapter VII represents a significant impediment to its presence on the Iraqi arena and work in the field of project implementation.

Shammari pointed out that the private sector will have a high flow in the freedom of being on the global economy and build strong relationships with international economic blocs. He pointed out that the industrial sector positively influenced this decision where it can supply materials and factories was difficult when you have imported under Chapter VII countries where they can supply factories and equipment from Switzerland, Germany and the United States and other countries in the developed world.

He said the public banking sector will be given greater freedom in the process of opening letters of credit that help to activate the flow of money movement.


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