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During a meeting HE Minister of Planning Bsverha .. Iraq and Brazil agree on the formation of a high joint committee to resolve the debt between the two file

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During a meeting HE Minister of Planning Bsverha .. Iraq and Brazil agree on the formation of a high joint committee to resolve the debt between the two file

Ministry News 20 June, 2013  

Search Planning Minister Prof. Dr. Ali Yousef Shukri with the Brazilian ambassador in Iraq, Mr. Anwar copper file debt settlement mechanisms between the two countries in accordance with the Paris Club agreement

The Minister said in a press statement after his meeting with Ambassador copper that political and economic relations Iraqi - Brazilian taking the escalating pace of development .. Noting that these relations evolved around with a clear Mr. Copper ambassador to Brazil in Iraq

The Minister between we discussed with the ambassador and one of the most important files that we think resolved will contribute Ataziz of the prospects of joint cooperation between the two countries, and this file is a debt owed by the Brazilian government on Iraq, a debt dating back to the era of the former regime and is considered one of the bad debt ..

The Minister stressed that the Iraqi government is able to repay those debts estimated directly to the Brazilian side but Iraq is obliged and committed to the Paris Club agreement .. Revealing the quest for the preparation of an official document by the Iraqi side to negotiate with the Brazilian government, which will take place through the formation of a joint committee to study the file and settled about final

Moreover Ambassador Alborzala, said Anwar brass that there is no legal impediment preventing a debt settlement between the two countries .. Indicating that the Brazilian government has the power to turn off the proportion (50%) of those debts, but this is not enough, which invites us to raise the profile of the Brazilian Parliament to reach a suitable formula to resolve this file

Copper pointed out that Iraq is a rich country and that debt amounts are not large, but the problem in bureaucratic procedures .. He expressed the hope that the problem is resolved quietly and in order to achieve excellent relations between the two countries

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