Finance: follow the work of the joint committees with 100 countries

Iraq to order openness to the World
11/20/2014

Iraq is interested in the development of economic relations with the countries of the world through the activation of the joint committees, which stopped a number of them due to the circumstances in which the country witnessed after 2003, while the Ministry of Finance is following the work of the joint committees and specialized conventions and financial agreements and economic, financial and scientific cooperation.
The intended joint committees are constituted by the Government of two usually chaired by the Minister concerned with aspects of the economic, commercial and different areas of cooperation between Iraq and other countries gathered in its membership representatives from various ministries and agencies related, meets in both countries alternately and ending its signing of a joint record, and put into practice after Government approval.
A source in the ministry that the department is following conventions of the Joint Committees in more than 100 countries.
He told the (morning) tireless efforts to rebuild the economic relations and financial with some countries began after the opening of Iraq, which called for the revival of the joint committees with them and activated the world, confirming activation of the joint committees with 30 countries and attempts persist to activate the rest of the committees.
The source explained that active committees are with all of Jordan, Syria, Oman, Lebanon, Mauritania, Sudan, Yemen, Iran, Turkey, Bulgaria, Ukraine, China, Russia, Belarus, France, New Zealand, Germany, Vietnam, Korea, Senegal, Bologna , Austria, Italy, Philippines, Morocco.
He pointed to efforts to activate the other committees with Tunisia, Algeria, Libya, Egypt states.
And on specialized financial conventions source explained that it comes two types, where they are studied and opinion and install remarks economic and technical on the draft agreements submitted to the ministry, and follow up the matter with the ministry departments and stakeholders Supreme as a council Shura State Secretariat of the Council of Ministers, and obtaining approvals to authorize the Minister in signing.
He said some of those agreements have been signed and others are awaiting signature and another group takes its flight towards the signature after obtaining approvals such as those of customs and free trade zones, and numbering 3 agreements concerning both from Jordan, Syria and Iran. Agreements to avoid double taxation, and being pursued in coordination with the General Authority for tax and legal department, and reached Addhaa 5 Conventions concerning both from Jordan, Oman, and the Czech Republic, Bosnia and Herzegovina.
And Conventions economic, financial and scientific cooperation, between the source of these bilateral agreements many areas including financial, commercial and scientific cooperation and Alphena.ocd that number reached 17 agreements and belong to both of Jordan, Oman, Iran, Turkey, Kuwait, Mexico, Ukraine, Bosnia and Herzegovina, the market common to Latin America countries (Mercosur), China, Spain, Romania, Poland, Bahrain, United States, United Arab Emirates, Slovakia. In addition to the various purposes of international conventions, where he was on the part of multiple parties for the purpose of the statement of economic and technical opinion on them.
For his part, the economic expert, Dr. Majid picture activation of the working committees on international agreements, especially now that there are a lot of commercial, financial and economic agreements between Iraq and the countries of the world are supposed to serve the interests of the parties that have signed the Convention and are divided into international conventions, bilateral and other.
He stressed the importance of the application of transparency in the follow-up of these agreements and the announcement of its consequences, especially that the country is going through circumstances Asttnaúah.oshdd the need to work under these agreements and work under the chock her laws, especially given that many of the agreements signed by the Iraq conflict with existing laws at the present time inter alia, (agreements between the International Monetary Fund and the World Bank, Iraq and Iraq and international institutions), it must rely on international accounting standards.
He called the picture the government and stakeholders to work in earnest to harmonize domestic laws with international conventions that have been agreed upon otherwise Iraq would be exposed to a lot of penalties, especially if they are not applied meaning set aside for its content, as well as the issuance of the necessary laws that are consistent with international conventions and other approving new according to the situation and developments experienced by the country.
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They have been signing a lot of stuff... Might need to send them folks some extra pens... wouldn't want em to run out of ink...

(agreements between the International Monetary Fund and the World Bank, Iraq and Iraq and international institutions), it must rely on international accounting standards.


Interesting statement.

yes, quite interesting.