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EWD Publications IRAQ

[PDF] December 2006 - Jan 2007 news by East-West Debt


December 2006 News East-West Debt

emerging markets news East-West Debt june 2006

april 2005 news

East-West Debt started its activities in 1997 when Dutch and Belgian economists and counsellors with more than 15 years of experience in the market found each other and decided to establish a structured cooperation.

East-West Debt permanently monitors political and financial situation in several high-risk countries.
Indeed, political and international events influence our solutions for solving certain overdue trade or bank debt.

East-West Debt gives its best to register all recent developments in several high risk countries for our clients. East-West Debt managed to gather a tremendous amount of information over the years, which gives us the possibility to exchange this knowledge with our customers. The knowledge that we have built up is partly published in the form of newsletters which we send out on a regular basis to a controlled network of financial professionals within multinationals, governments and banks all over the world.

Click here [PDF] December 2006 - Jan 2007 news for our latest Januari, 2007 publication.
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From the januari 2007 publication:

IRAQ/EU trade deal negotiations
On November 20th, negotiations were opened between Iraq and the EU over a bilateral trade agreement. Facing the fact that much of Iraq´s governmental budget of USD 41 billion would be spent on security measures in the conflict-ridden country, the country desperately seeks new direct foreign investments in order to boost the reconstruction.
The head of the Iraqi delegation in Brussels, Mr. Barham Salih, Iraq´s deputy prime minister, admitted that possible investors should not underestimate the difficulties that might be encountered but pointed out that many Iraqi provinces are relatively safe and secure and are able to receive investment. A prerequisite for these negotiations to become successful is that the EU delivers in first instance technical assistance to Iraq for establishing a regulatory framework that makes investment interesting.
EU commissioner Peter Mandelson confirmed this by observing that Iraq´s recovery would amongst other things depend on its ability to lessen its dependency on the oil sector. Mr. Salih agreed and pointed out that the Iraqi ministries are currently conducting talks on the implementation of a new hydrocarbon law, the basis for any future contracts in this market segment. Last but not least, during the discussions held, Iraq will also seek backing by the EU of Iraq´s accession to the World Trade Organization although it is obvious that this will not be something for tomorrow.