Positive impact on the Iraqi economy with the lifting of sanctions on Iran

December 29, 2013 11:24
 

Recorded indicators developed after the nuclear agreement between Iran and the group (5 +1), and the positive repercussions on Iraq in this regard with what the country is witnessing a good move in the field of investment and trade exchanges.

The academic said Dr. Falah Thuwaini: "The economic stability is linked to political stability, as the only outlet for Iraq's economy is the Arabian Gulf, as if there were no crisis in the region, thus its economy will be affected positively or negatively," according to the Iraqi morning.


He believed that the implications of the agreement Iran with a group (5 +1) in the interest of Iraq and the countries of the region because it (the region), the center of the global economy and the center of the exports of the world's oil, and its impact will be positive for the country, noting that the Iranian oil exports will not affect Iraq's exports, especially as it specific by OPEC, as it is determined by the proportion of exports to the countries.

States and the Group 5 +1 "member states of the UN Security Council, which decides the outline of the domestic and foreign policy and discuss the sanctions imposed on the country, the United States, Britain, France, Russia and China + Germany, which is not a member of this council." He Thuwaini that "the region is the regional center of the commercial world, it's also the only outlet for Iraq through the Arabian Gulf, the Strait of Hormuz, believing that after the demise of Iranian threats to shut down this port will contribute to increasing trade exchange with Iraq."

And on trade with the regional countries, including Iran, said the academic specialist: "The country's doors investment is open for both Iranian companies or companies from other countries and neighboring countries, in spite of the obstacles facing investment and investors in the country, but it is in dire need of foreign companies because of its techniques and skills, whether Iranian or Arab or foreign. "

He said that the growth rates are related to the Iraqi economy through its oil exports and production of real goods and merchandise, because whenever there is stability in the region whenever there was a recovery of the economy in the regional countries, especially in Iraq.

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Positive impact on the Iraqi economy with the lifting of sanctions on Iran


29-12-2013 | (Voice of Iraq) - Add a comment -
BAGHDAD - Farah pumice

Associated economic stability political circumstances experienced by any country or region as is the case in the Arab region, as recorded indicators developed in this area, especially after the nuclear agreement between Iran and the group (5 +1), and the positive effects on Iraq in this regard with what is witnessing the country of good movement in the field of investment and trade exchanges.

Academic Thuwaini said Dr. Falah (morning): "The economic stability is linked to political stability, as the only outlet for Iraq's economy is the Arabian Gulf, as if there were no crisis in the region, thus its economy will be affected positively or negatively."

Ratios threat limited
He believed that the implications of the agreement Iran with a group (5 +1) in the interest of Iraq and the countries of the region because it (the region), the center of the global economy and the center of the exports of the world's oil, and its impact will be positive for the country, noting that the Iranian oil exports will not affect Iraq's exports, especially as it specific by OPEC, as it is determined by the proportion of exports to the countries.

States and the Group 5 +1 "member states of the UN Security Council, which decides the outline of the domestic and foreign policy and discuss the sanctions imposed on the country, the United States, Britain, France, Russia and China + Germany, which is not a member of this council."

World Trade Center
He Thuwaini that "the region is the regional center of the commercial world, it's also the only outlet for Iraq through the Arabian Gulf, the Strait of Hormuz, believing that after the demise of Iranian threats to shut down this port will contribute to increasing trade exchange with Iraq."

Techniques and skills
And on trade with the regional countries, including Iran, said the academic specialist: "The country's doors investment is open for both Iranian companies or companies from other countries and neighboring countries, in spite of the obstacles facing investment and investors in the country, but it is in dire need of foreign companies because of its techniques and skills, whether Iranian or Arab or foreign. "

Stability and recovery
He said that the growth rates are related to the Iraqi economy through its oil exports and production of real goods and merchandise, because whenever there is stability in the region whenever there was a recovery of the economy in the regional countries, especially in Iraq.

Iraq had become in the previous period during the sanctions stage the biggest commercial market for Iran, as the volume of trade exchange between the two seven billion dollars in 2009 and rose to about 10 billion this year, according to Executive Director of the Association of Iraqi banks Abdul Aziz Hassoun, who said in a press statement: "The trade with Iran is not limited to goods, but that there is an overlap between the two bank organically."

Rebalancing
In turn, says economic analyst Bassem Jamil Antoine:

"Iran put a heavy load on Iraq, especially in the field of banking and purchase of foreign currency the dollar."

He added in a press statement that "the lifting of sanctions probably will restore balance to the trade as well as banking."


Morning

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