06/26/2013 12:00 AM
Freedom from the provisions of Chapter VII of the balance of Experts
BAGHDAD - Hussein Tamimi ثغب - Mustafa al-Hashemi
Moving the eyes of Iraqis eagerly to the round table to the UN Security Council in order to spend the exit of Iraq permanently from the provisions of Chapter VII of the long Iraq and destroyed its infrastructure as a result of policies mindless of the former regime, which carry زرها people patient who will receive thanks to the sophisticated policy negotiators government full entitlements sovereign rebuilds itself. Has accounted near the time of the withdrawal of Iraq from Chapter VII of the UN Charter interest economists and specialists who have called to go to the reconstruction of infrastructure and the exploitation of economic resources of the country optimize, stressing the importance of paying attention to address many of the imbalances plaguing the national economy, the fact that Iraq had ended its obligations International will therefore lead to the development of the economy after the weary policy adopted by the former regime.
Lifting the trusteeship
For its part, emphasized the economic Dr peace Sumaisem that Iraq would emerge from Chapter VII gives the message to the world that the guardianship lifted him and thus became possible for him to assume the economic standings higher than it is now.
She Sumaisem told (morning): It will be government can conclude a lot of agreements and contracts with large global companies large and engage in history to invest in international markets and global stock markets, after the existence of Iraq under Chapter VII represents an obstacle in its path.
Edit the money
She Sumaisem that public funds Iraqi ستتحرر also from this restriction after it was subject to the mediator managed on behalf of Iraq because it takes a percentage of all he intercede for the supply of or implementation of decades of great economic, Iraq was a shrug signed because of that chapter of the UN Charter, pointing out that now would be possible to shorten these episodes directly what is considered a great asset.
And called for the need to preserve Iraqi funds from the hash and waste because the country needs them to carry out the development to make up for his death since the imposition of this restriction, and so far, and to serve the interests of the people so that they can achieve yields high economic achieves a higher percentage of the level of per capita income.
Bourse will pick
They pointed out that the stock will enter the preparation of non-Iraqi investors because of the release of Iraqi funds and in support of the private sector and joint stock companies because the country would be an excellent environment to attract investments diversified giant companies and a huge rise by infrastructure, asserting that the dinar will rise also to the presence of a large number of foreigners are investing in Currency Reserve Force who covered and who will reach $ 80 billion in the next July, also announced the central bank governor and Abdul Basit Turki agency in a press statement.
Removal of barriers to companies
He said the financial expert sword Hilfi (morning) that the decision opens up wider to work in all economic sectors, especially in front of specialized international companies, which is Chapter VII a significant impediment to its presence in the workplace Iraqi and work in the field of implementation of the projects, as companies have major international will have a smooth High in the freedom of presence in the yard of the local economy at a time when you find that most of those companies awaiting provided opportunities to develop into one of the largest squares in the world, indicating that this matter helps the local private sector in building strong relationships with international economic blocs. Where the need to rehabilitate all economic sectors Bmphasalha the production and service and this is something that needs to efforts of the world's leading companies.
Freedom of the opening credits
He said the thrust out of Chapter VII, based in the financial sector who handcuffed closed for a long period of time and cut off from world events and developments and modernity witnessed by the banking sector and the International Monetary, and liberation from the constraints of Chapter VII gives greater freedom in the process of opening credits documents that help to activate smooth movement of money.
He noted that the relations of the financial sector of Iraq with the world will take a turn different from what it was and there will be interaction with Iraq, which has economical and promising aware Tigers global economy seven, and that in all cases, change the map handle our banks public and private with the outside world and will be an important element in the yard of trading global monetary after he was handcuffed international resolutions and that states will consider to Iraq he fully fulfilled its international obligations thereby increasing confidence in the Iraqi economy and the expansion of trade with Iraq and will get an improvement in the economic development and the economic situation in general. He pointed out that Iraq would be the kiss of international companies and capital that are looking for guaranteed investments in the economies have all the ingredients for success.
Problematic economic system
In this regard, the economist said the appearance of Mohammed Saleh, said that the Chapter VII of the UN Charter Cable Iraq limitations established for economic activity and job gelatinous sustain live through during the siege processing program called program (oil for food) in the year 1996. He said in a statement to the (morning) was born this command (continued mirage Chapter VII) after 2003 economic results hybrid, in the installation pattern of the economy, and the problem of the economic system, and its relations with the international abused Iraq, being countries of the investment risks high, although enjoyment of economic surpluses relative, actual and possible.
He pointed out that the country has not reaped only openness to liberal, commercial and financial, and large, but it is not exceeded, in scope, the center of regional ocean Iraq, or parts of Asia markets consumer, to the satisfaction of the shortcomings of consumption, and compensation for products was offset by the domestic economy in the conditions of natural ago blockade.
The Deputy Governor of the Central Bank of the former to the advanced technology remained almost banned from entering the country, did not initiate construction companies International, which promotes investments related to infrastructure, to enter Iraq, did not respond to the demands of Iraq's development, despite the temptations of employment, being a look at the Activity Business with suspicion and strength of the dangers posed by the aforementioned chapter.
He noted that the memorandum of the oil-for-food eventually become the only outlet for foreign oil companies in the rush to develop oil fields and invest in, within the licensing rounds, for the safety of the legal situation in the areas of technology and arbitration, at the time deprived the country of the rush in the areas of no less importance to the progress of economic life and development , and in particular, without limitation, the sectors of electricity, industry, technology, and related correlations.
Chapter VII barriers
He said Saleh has attracted motionless development in Iraq, and glided toward the edges are fragile, because of the barriers set by Chapter VII, lightly and flexibility of invisible, mirage high, since 9 April 2003 and until the present time, which made the country a workshop stalled, waiting for electric power , and supplies its renaissance, in the time available adequate liquidity in foreign currency, perhaps no less, today, about a hundred billion dollars.
He added saying: there is still disabled and blocker international standing in the way of progress of Iraq, a mirage of Chapter VII, has continued development creeps behind market liberalism, which should not exceed the import vocabulary, were provided by the memorandum of understanding, which, this time, imports of coated candy, and means fun, and communications, which is intensive, low production, and value-added. It is a dangerous pattern of productive, not looking forward to the production, but ينكفئ behind bars Chapter VII consumer.
He stressed that must not be achieved the ability to restore power before others, so that we see the fact that the stop electrification Iraq was due to limitations of Chapter VII, and intentional hidden forces, which deprived the country of access to energy and access to technology progress and development.
The head of the International Economic Developmental Center on Hilfi: that Iraq would emerge from Chapter VII is an important step for the completion of Iraq's sovereignty and control over its resources and open new horizons in its relations with the outside world.
He said that the positive atmosphere in the Iraqi-Kuwaiti relations are signs of hope for the exit of Iraq by the end of this month from Chapter VII, which is a big step and sensitive in the political process as contribute to the completion of Iraq's sovereignty and control on all economic resources.
An influential force
He pointed out that Iraq is currently an economic powerhouse influential in the global economy, and the Iraqi government is making strides in activating the economic file, especially that there are international organizations showed that Iraq is stepping strides and great direction economic and development right is required. Increased to the exit country from Chapter VII national entitlement after Ivaúh all its obligations, restrictions imposed by the Chapter VII, which decimated the Iraqi economy and held stages of development and halted for a long time. As the withdrawal of Iraq from Chapter VII will approach a step to restore international stature had lost because of the policies of the previous regime.
Iraq is no longer a threat to peace
The ambassador said the United Kingdom in the International Organization Mark Lyall Grant, who heads the country's Security Council is currently in a press statement that the coming period will be discussed UN which convert penalties remaining on Iraq from Chapter VII to Chapter VI, and we find that to him the importance of the many ways the most important of Iraq is no longer a state threatens international peace and security, and that the sanctions imposed on Iraq under the articles of Chapter VII has been replacing normal after that fulfilled Iraq most of its international obligations under the resolutions adopted by the Security Council in particular 1990 and 1991, also convert these files to Chapter VI means Among what it means to the former conflict was in the hands of the Security Council, has now become in the hands of the two countries of Iraq and Kuwait with the follow-up Security Council for remaining files, in addition to all the outstanding issues are governed by the effects of a peaceful solution between the two countries and are subject to adjustment in accordance with the principles of Chapter VI. The The Kuwaiti delegation headed by Prime Minister Jaber Mubarak Al-Hamad Al-Sabah visited Iraq last Wednesday and signed several agreements and memoranda of understanding announced during talks Iraqi and Kuwaiti officials said the two governments had asked of Mendobhma UN interview Ban Ki-moon and informed agreement of the two countries and that Iraq had been implemented fully the obligations imposed on it under Chapter VII by the Security Council resolutions and the demand of the secretary-general of the UN report it to the Security Council to raise the terms of Chapter VII of Iraq.
Support the political process
Meanwhile, a consultant Tawfiq inhibitor there is no doubt that the lifting of Chapter VII is an important step and sensitive to the improvement of the political process the fact that this step will contribute actively in complete sovereignty and independence of a country like Iraq has the material resources and human potential unprepared if they raise the default evident in the management and I mean resources material and human resources, accompanied by a plan for the development of relations with neighboring countries through the creation of common interests will benefit everyone, because everyone looks for Iraq that has all the potential to be an economic powerhouse impressive despite adverse conditions in the Iraqi arena and this has been confirmed by many international organizations, international economic , and began to touch that Iraq began stepping quick steps towards the economy development, though there are blurry in the development of the fundamentals of its economy to go to the real economy, competition and the market, which is important
The movement of money
Therefore, the freedom is important and that came late he will give freedom to the movement of his money, especially after the lifting of الوصايات and control of the banks imposed on him, especially in the movement of money into its banks without reference to the banks limited imposed by circumstance and can be referred to the possibility of its banks from issuing letters of credit, letters of guarantee, guarantees cash guarantor, cash transfers were all a big obstacle in the processes of trade was costing expenses great addition to the increase documentary cycle to hold and were the three sectors in Iraq this year, mixed and private suffer from it and suffice to mention that it was confined to the Trade Bank of Iraq, "VTB" any means of salvation money from the sanctions and the Iraqi Trade stroll.
I personally do not agree with those who ran the fiscal and monetary policy and banking in Iraq when he was put Chapter VII as an excuse to curtail the performance and development of its sector. And sufficient to note that Chapter VII imposed on Germany after losing the war, but when monitoring its economy and its development as well as financial activity and monetary policy see it from the top did not raise her Chapter VII until 2005 and can be verified, then must find Grandpa to take advantage of this step of three sectors and in all its activities There is no longer an excuse after, and the executive branch to put constants of the Iraqi economy and direction of clear guidance When monitoring it for this moment can not know whether our economy commercially or industrially or agriculturally, and on the authorities to reconsider the laws and regulations of the more than 22,500 law which is dedicated central system which has increased instead of decreased after 2003, and clearly فتخطى stage central and even reached the situation to the monopoly and bureaucracy high overall performance is sufficient to note that some of the ministries has become a working commission instead of production, as is the case with the Ministry of Industry, as well as the Ministry of Commerce when you return to the style followed in the General Automotive Company allowed teams to some of the public sector to import, but everyone goes through the Ministry of Commerce
A step forward
In conclusion, we have to say that the first gains are a step in the right way to return Iraq's sovereignty complete and uncompromised step would remove that, God willing, the obstacles and fenders in the way of the development of Iraq's economy and facilitate its mission towards creating development rational and balanced sound in Iraq for the benefit of human resources, which has suffered a lot from entrenched under the siege and the war that preceded it.
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