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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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    U.S., Iraq move forward on plan to strengthen trade ties: USTR

    Hkp1
    Hkp1
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    U.S., Iraq move forward on plan to strengthen trade ties: USTR Empty U.S., Iraq move forward on plan to strengthen trade ties: USTR

    Post by Hkp1 Wed 06 Mar 2013, 10:54 pm

    U.S., Iraq move forward on plan to strengthen trade ties: USTR


    WASHINGTON | Wed Mar 6, 2013 3:00pm EST


    (Reuters)
    - An agreement between the United States and Iraq to boost trade and
    investment ties is expected go into force later this year, eight years
    after it was negotiated, the U.S. Trade Representative's office said on
    Wednesday.

    U.S. companies in the energy, defense, information
    technology, automotive and transportation sectors in recent years have
    become increasingly active in Iraq, which the United States invaded 10
    years ago this month.

    The United States and Iraq negotiated a
    Trade and Investment Framework Agreement (TIFA) in 2005 to create a
    government-to-government forum to discuss how increase trade and
    investment flows between the two countries.

    The Iraqi parliament
    finally ratified the TIFA text in December, and the two sides firmed up
    plans to proceed with the forum in meetings this week in Baghdad.

    "After
    an exchange of diplomatic notes brings the TIFA into force later this
    year, the first meeting of the Joint Council for bilateral consultations
    on trade and investment issues can take place in 2014," USTR said.

    Two-way
    trade between the United States and Iraq in 2012 was $21.3 billion,
    with U.S. exports to Iraq at $2.04 billion, and Iraqi exports to the
    United States at $19.3 billion, most of that oil.

    Last week, the
    United States and Afghanistan held their seventh TIFA meeting since 2004
    to discuss a number of initiatives, including the war-torn country's
    hopes of joining the World Trade Organization by the end of 2014.

    In
    another move aimed at building U.S. trade ties with the Muslim world,
    U.S. Trade Representative Ron Kirk announced on Sunday plans that should
    allow more Egyptian companies to qualify for duty-free treatment on
    exports to the United States as long as they use inputs from Israel.

    Kirk
    said he planned to liberalize the designation of existing "Qualifying
    Industrial Zones" in Egypt to make all production facilities, present
    and future, in the zones potentially eligible for duty-free treatment.

    "Egypt's
    and Israel's desire to add new features to their joint QIZ program
    underscores the success of the program in fostering closer ties between
    the people, businesses and governments of these two countries," Kirk
    said.

    (Reporting By Doug Palmer; Editing by Cynthia Osterman)

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