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Sandy smacks down Poppy3's intel  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Sandy smacks down Poppy3's intel

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Post by Ponee on Tue Feb 16, 2016 11:48 am

Sandy-



Poppy has incorrect facts again. WTO membership is a very long process. There has been some mention that the Working Party is evaluating Iraq; however, if we are waiting on full membership, that won't happen without 2/3 of current membership giving a favorable vote AFTER the Working Party presents its report to the General Council for review and then it presents Iraq's accession report to the members for a vote. Even after a favorable vote, its accession must be ratifed in country, with a time frame of 90 days to complete.

Then, even after ratification, there is no correlation between a change in dinar value and full membership.

 Vietnam is a full member with its currency valued somewhere around 23,000 per USD. There is no evidence that the Working Party is anywhere close to presenting its report for General Council review. The Working Party must evaluate Iraq's trade laws, some of which are not even passed yet. All of this process for full membership can be verified on the WTO Web site.

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Post by Kevind53 on Tue Feb 16, 2016 12:05 pm

Hmm ... do we have a pooroo war in the offing? ... This could get interesting ...

Pretty good info though. I will add only that since this will not be another general membership meeting until then, full membership will not be approved until Late November/Early December of 2017.

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