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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Advisor Mazhar Saleh: 70 percent of Iraq’s imports are made with BRICS countries

    Rocky
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    Advisor Mazhar Saleh: 70 percent of Iraq’s imports are made with BRICS countries Empty Advisor Mazhar Saleh: 70 percent of Iraq’s imports are made with BRICS countries

    Post by Rocky Sun 15 Oct 2023, 9:35 am

    [size=38]Advisor Mazhar Saleh: 70 percent of Iraq’s imports are made with BRICS countries[/size]


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    October 15, 2023[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala Al-Hadath: The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained in detail the importance of Iraq joining the BRICS group, stressing the necessity of this step for the future of sustainable development and the progress of Iraq’s economy.
    Saleh said that the “BRICS” group is (an international economic grouping between governments) that includes Brazil, Russia, India, China and South Africa, where the origin of the name (BRIC or BRICS) goes back, which was launched in the year 2001 by the economist at Goldman Sachs Financial Group (Jim). O'Neill) to describe the fast-growing economies that are expected to collectively dominate the global economy by 2050.
    He added that Iraq announced its desire to join the BRICS group, as there is an objective basis related to the Iraqi economy’s connections with the markets of the BRICS group itself, as it reflects the current account of the Iraqi balance of payments with the countries of that economic group, which includes the strongest emerging markets in the world. Pointing out that there is a direct dependence on the BRICS group of countries on an important percentage of Iraq’s oil exports, which are no less than 55 percent, especially the countries of India and China.
    He explained that approximately 70 percent of Iraq's imports are currently made with the BRICS countries themselves, which means that the commercial partnership and Iraq's strong economic interests automatically push towards international economic cooperation with our country's commercial partners, especially in the issue of looking towards broader areas in the flow of investments. The group, and obtain benefits for joining in order to serve the future of sustainable development and progress of the economy in our country.
    He pointed out that the BRICS group currently occupies about 27 percent of the world’s land area and 42 percent of the world’s population, as Brazil, Russia, India, and China are among the ten largest countries in the world in terms of population, area, and gross domestic product (according to the standard Purchasing power parity), and the last three countries (India, China, and Russia) are considered potential emerging great powers, while all five countries in the “BRICS” group are also members of the G20, which includes the United States of America and the rest of the G7.
    Prime Minister Muhammad Shiaa Al-Sudani earlier confirmed Iraq's readiness to join the BRICS group, if it received an invitation from the founding countries.
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