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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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    America and Iraq to sign trade and investment agreement

    Hkp1
    Hkp1
    Interacting Investor
    Interacting Investor


    Posts : 3118
    Join date : 2012-12-19

    America and Iraq to sign trade and investment agreement Empty America and Iraq to sign trade and investment agreement

    Post by Hkp1 Fri 08 Mar 2013, 9:46 am

    America and Iraq to sign trade and investment agreement


    Friday, 08 March 2013 09:47

    Shafaq
    News / The U.S. Trade Representative's office said that an agreement
    between the United States and Iraq to promote trade and investment links
    is expected to come into force later this year after eight years of
    negotiation.

    U.S. companies operating activity in energy,
    defense, information, technology, automotive and transportation sectors
    are increasing in Iraq , which has been invaded by the United States 10
    years ago.

    The United States negotiated with Iraq on a framework
    agreement for trade and investment (TIFA) in 2005 to set up a forum that
    brings together the two governments to discuss how to increase trade
    and investment flows between the two countries.

    The U.S. Trade
    Representative, Ron Kirk said that "after an exchange of diplomatic
    notes, TIFA put into practice later this year, the first meeting of the
    Joint Council for bilateral consultations on issues of trade and
    investment that can be held in 2014."

    The volume of bilateral
    trade between the United States and Iraq last year was $ 21.3 billion,
    including $ 2.04 billion in U.S. exports to Iraq while the value of
    Iraqi exports to the United States is dominated by $ 19.3 billion of
    oil.

    In another step aims at strengthening trade ties between the
    United States and the Muslim world , Kirk announced plans that would
    allow for more Egyptian companies to qualify to exempt its exports to
    the United States from tariffs as long as it use checkpoints to enter
    goods from Israel.

    Kirk said that he plans to expand the rating
    of "Qualified Industrial Zones" in Egypt that would make all current and
    future production facilities in those areas eligible to be included in
    the exemption of its exports from the United States from customs duties.

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