Wednesday, July 11, 2012

Member of Finance Committee: Negotiations are continuing with Kuwait to extinguish the debt .. And remove Iraq from Chapter VII will be achieved soon


 Wednesday 07/11/2012

Baghdad (news) .. Most likely a member of the Finance Committee MP / National Alliance / Secretary Hadi, lifting the seventh item imposed by the United Nations on Iraq soon after ongoing negotiations with Kuwait to extinguish the debt or financial reference.
Said Hadi (of the Agency news) on Wednesday: There are committees of the problem by both Iraq and Kuwait on how to pay financial debts owed to Kuwait and turn off each other, adding that negotiations are ongoing and continuous for the purpose of raising Iraq from Chapter VII imposed on it by the United Nations since the Nineties the past.

He added that these negotiations will come to raise the positive results of Chapter VII and soon, possibly within this year.

And give Iraq the membership of World Trade, said that Iraq's entry into the WTO is not subject to the lifting of Chapter VII, but there are some powerful countries in the Organization required the lifting of all UN resolutions imposed on Iraq to be granted membership of the organization.

He pointed to: that Iraq does not need this organization unless it has a robust economy, backed by the sectors of great economic Kalsnaaah and agricultural because the local product is unable to products imported from large countries that have membership in the organization, as well as they need political stability and security in the country Because the Iraqi border will be open for States to supply their goods to Iraq.

And established the World Trade Organization in 1995, and is one of the smallest organizations the world lived, and is the successor to the General Agreement on Tariffs and Trade (GATT), which was established after World War II, and its primary objective is to help the flow and trade flow smoothly and freely.
Include the World Trade Organization (WTO) more than (140) members representing more than (90%) of world trade.

The previous system was ordered to invade Kuwait in 1990, the impact of sanctions imposed on Iraq from the international community and put under Chapter VII, which makes him the country threatens international peace and security.

Included international sanctions prevented the import of chemicals and nuclear technology that could be used in the programs of secret nuclear, chemical and biological weapons. Has allowed the United Nations in 1995 for Iraq to sell oil in return for food, called the program (Oil for Food) No. (986). / Finished / 8. D. Q /