Iraq to Allow Full Foreign Ownership Outside Oil

[radwriter0555]

(Bush WINS)

Sun Sep 21, 7:03 AM ET Add World - Reuters to My Yahoo!


By Glenn Somerville and Mona Megalli

DUBAI (Reuters) - U.S.-controlled Iraq (news - web sites) Sunday unveiled sweeping reforms allowing foreign investors into all sectors except oil, ending 30 years of state economic control.



Iraqi Finance Minister Kamel al-Keylani said Sunday the reforms would "significantly advance efforts to build a free and open market economy in Iraq," spur economic growth and speed Iraq's re-entry into the international community.


The list of reforms for liberalizing foreign investment, the banking sector and taxes and tariffs read like a recipe devised by Washington for a capitalist Iraq.


"Iraq needs jobs, it needs to have growth," a senior U.S. official involved in Iraq's reconstruction said.

http://story.news.yahoo.com/news?tmpl=story&cid=586&ncid=586&e=1&u=/nm/20030921/wl_nm/group_iraq_dc

Checkmate. The bush team wins.

[Nlighten1]

1. We had a saying in the Army to discribe this....

BOHICA

Bend Over Here It Comes Again

[toddzilla]

2. lol

"Iraq needs jobs, it needs to have growth," a senior U.S. official involved in Iraq's reconstruction said.

******

enter the imf and world bank i guess??
:puke:

[oneighty]

6. Send

them some of our jobs and growth, and school money and health care money and veteran's benefits money and social security money. and..........

180

[Resistance]

3. "all sectors except oil"

Of course, the oil needs to be controlled by the BFEE. Way to go 'murika!

[Jack Rabbit]

4. Correction

Iraq Bushies to Allow Full Foreign Ownership Outside Oil in Iraq

Iraq is not a free country and does not speak for herself. Iraq is a PNAC colony.

[Resistance]

5. good point

How about this:

Iraq's Occupiers to Allow Full Foreign Ownership Outside Oil in Iraq ...?

On second thought, those kind of headlines are only found in the journals for "leftist nitwits" and "foolish idealists" such as wsws.org, IndyMedia or ElectronicIraq.net.

[IndianaGreen]

7. Exactly, it is the US colonial administration and Iraqi collaborators

that are selling the country to Wall Street.

Another bid of news to rally Iraq's freedom fighters against the Yanqui jackboots!

[kentuck]

8. If they don't have a legitimate government.????

How do they have a legitimate Finance Minister???

[stimbox]

9. please define current outside participation.

"...However, the reforms include 100 percent foreign ownership in all sectors except natural resources, excluding current outside participation in Iraq's coveted oil reserves, the second-largest behind those of Saudi Arabia..."

excluding current outside participation in Iraq's coveted oil reserves,

So it looks like Haliburton and it's subsidiaries win on this deal.
They are the only current "outside participation" company.

Oh no, this colonial invasion was never about Oil was it?

[Jack Rabbit]

10. For more discussion

For more discussion on this issue, please see this thread.

Here is a sub-thread on the issue of the invasion and neo-liberalism.

[KittyWampus]

11. Who Will End Up Owning Iraq's Water?

??????

[NashVegas]

12. BBC story

http://news.bbc.co.uk/2/hi/business/3126522.stm

The recently-appointed minister unveiled a string of reforms that analysts said read like a manifesto devised by Washington, signing off 30 years of Saddam Hussein and the socialist Baath Party.

..

But former US President Bill Clinton, on a visit to Dubai, urged moderation from American firms.

"We should play a role and spend a lot of money there, but we shouldn't dominate," Mr Clinton said.

But US Treasury Secretary John Snow rejected the suggestion that US had dominated the drafting of the reforms, saying they were the "proposals, ideas, and concepts of the Governing Council".