"Tidbits from TNT" Monday Morning 7-5-2021

Jul 5

TNT:

Tishwash: Iraq and Canada discuss developing bilateral relations

Undersecretary for Multilateral Affairs and Legal Affairs, Qahtan Taha Khalaf, met at the headquarters of the Ministry of Foreign Affairs, Canadian Ambassador to Baghdad, Olric Shannon.

A Foreign Ministry statement said that during the meeting, they discussed frameworks for joint bilateral cooperation, developing relations between the two countries, and coordinating positions and issues of common interest at the international level. link

Tishwash: Iraq and Egypt sign an agreement to establish joint industrial and economic cities

The Government Media Cell announced, on Monday, that Iraq and Egypt had concluded an agreement to establish joint industrial and economic cities.

The cell said in a statement received by Mawazine News, a copy of it, that "the Iraqi and Egyptian ministers of industry concluded a cooperation agreement to establish industrial and economic cities, and the textile, leather, tanning, veterinary medicines and agricultural pesticides industries."

She added, "This came during the visit of the Egyptian Minister of Trade and Industry, Mrs. Nevin Jameh, and her accompanying delegation to Iraq, and her holding a series of meetings and discussions with the Iraqi side, within the framework of implementing the decisions of the tripartite summit held in Baghdad last week."She noted that "

Meanwhile, the Minister of Trade received his Egyptian counterpart and discussed with her ways to develop trade exchange between the two countries in a way that enhances industrial performance.
In another meeting between the Minister of Planning and the Egyptian Minister of Trade and Industry, the two sides agreed to prepare a tripartite cooperation document, in which the areas and axes available for joint cooperation were defined.

The Minister of Industry and his Egyptian counterpart also visited the fixed wing of the ministry's companies at the Baghdad International Fair to see the capabilities of public companies and their local products.

In addition, the Egyptian delegation visited a number of companies specialized in chemical industries, most notably the Al-Furat General Company of the Ministry of Industry and Minerals, to discuss the available cooperation and partnership opportunities.

Today, Monday, the Egyptian delegation will hold an expanded meeting with the Iraqi private sector to discuss opportunities for cooperation, partnership and investment between the private sector in the two countries in various industrial fields. It will also visit the Samarra Pharmaceutical Company and Diyala State Company to discuss mechanisms of joint cooperation in the pharmaceutical and electrical industries. link

************

Tishwash: Economist : The current exchange rate is important for maintaining foreign reserves

The economic expert, Maytham Al-Aibi, confirmed that: the current exchange rate is important for maintaining foreign reserves.

He told the National Iraqi News Agency ( NINA ) that: There is a shortcoming of some deputies in understanding the issue of the exchange rate, as there is a perception that changing it is related to the financial goal only, which is to reduce the deficit.

Al-Aibi added that: the exchange rate is linked to a number of variables, including its preservation of foreign reserves and its relationship to improving competitiveness and setting the balance of payments, as well as its role in raising the levels of output growth and its components, and then employment.

He explained that: the rise or fall in the price of oil has nothing to do with raising or decreasing the value of the currency link