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{Euphrates News} published the terms of the agreement at the meeting of the Council of Trade Agreement between Iraq and America DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

{Euphrates News} published the terms of the agreement at the meeting of the Council of Trade Agreement between Iraq and America

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{Euphrates News} published the terms of the agreement at the meeting of the Council of Trade Agreement between Iraq and America Empty {Euphrates News} published the terms of the agreement at the meeting of the Council of Trade Agreement between Iraq and America

Post by RamblerNash on Tue Jun 18, 2019 10:59 pm

{Euphrates News} published the terms of the agreement at the meeting of the Council of Trade Agreement between Iraq and America

{Euphrates News} published the terms of the agreement at the meeting of the Council of Trade Agreement between Iraq and America Story_img_5d09367dd775a

2019/6/18 17:11

The second meeting of the Council of Trade and Investment Framework Agreement between Iraq and the United States was held in Washington, DC, in accordance with the Trade and Investment Framework Agreement signed between the two countries in 2005.

The joint statement, received by the {Euphrates News} copy, that the Council was headed by Commerce Minister Mohammed Hashim al-Ani and Deputy US Trade Representative Jeffrey Kirsch.

During the meeting, Iraq and the United States discussed a number of bilateral issues on trade and investment. The cooperation between Iraq and the United States in these areas aims at enhancing Iraq's entry into the global economy and finding ways to enhance greater opportunities for mutual exchange between the two countries, thus creating jobs and attracting investment for both countries.

In this regard, the United States expressed its support for Iraq's decision to re-enter the WTO accession process and to ensure local reforms required to meet the Organization's obligations as well as the liberalization of tariffs and trade in services. The United States also expressed its support for Iraq's decision to accept tax returns prepared in accordance with international financial standards.

In order to attract foreign direct investment in priority areas, Iraq recognized the need for a strong and appropriate investment environment with transparent systems.

Iraq has assured the United States that it will issue 12-month entry visas to US citizens and that the National Investment Authority will facilitate US investor visits by granting them six-month visas issued by a special visa office at the airport.

In the meantime, the Commission is working on the implementation of the single window system to facilitate and facilitate procedures as well as working with the Ministry of Finance and the World Bank to improve the performance of Iraqi banks and strengthen their role in support of small and medium enterprises.

The Iraqi government is also working through the United Nations Conference on Trade and Development (UNCTAD) to implement a one-stop shop for business registration that will reduce the challenges faced by investors.

To improve mutual and bilateral market access, the United States has raised the issue of reducing unnecessary documentation requirements and adopting international standards.

The United States also encouraged Iraq to reduce its tariffs on poultry. Iraq and the United States also discussed the importation of rice and wheat and transparent bidding procedures for cereals in Iraq under two memorandums of understanding. In order to increase the procurement of medicines, medical equipment and equipment, Iraq and the United States are cooperating to conclude a memorandum of understanding.

Both governments are committed to making progress ahead of the next meeting of the Council

http://alforatnews.com/modules/news/article.php?storyid=201234
RamblerNash
RamblerNash
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