Thurs. AM KTFA News Articles 11-4-21

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KTFA

Samson » November 4th, 2021

Iraq’s possession of US bonds decreased to $ 18.934 billion

4th November, 2021

The US Treasury Department announced, on Thursday, that Iraq’s holdings of US bonds decreased to 18.934 billion dollars during the month of August.

The treasury said in its table, which was reviewed by / Mawazine News /, that “Iraq’s possession of US Treasury bonds for the month of August decreased by 0.59% to reach $18.934 billion, after it was $19.047 billion last July,” noting that “these bonds are still high. For the month of December of the year 2020, by 10.53%, when Iraq’s possession of bonds amounted to 17.1 billion dollars.

She added that “Iraqi bonds, including long-term guarantees amounting to 8.655 billion dollars and short-term guarantees amounting to 10.279 billion dollars.” She noted that “the largest holder of US bonds is Japan, with a value of 1.319 trillion dollars, followed by China, with a value of 1.

In the Arab world, Saudi Arabia is at the forefront of the most possessing countries, with a value of 124.1 billion dollars, followed by the UAE with 58 billion dollars, and Kuwait third with 46 billion dollars, then Iraq and Oman fifth with 5 billion dollars.”   LINK

The world’s largest trade agreement enters into force

4th November, 2021

The Secretariat of the Association of Southeast Asian Nations (ASEAN) announced that the Regional Comprehensive Economic Partnership Agreement, the world’s largest trade agreement to date, will enter into force on January 1, 2022.

The secretariat said in an announcement issued yesterday, Wednesday, that it had received instruments of ratification of the agreement from 6 ASEAN member countries, namely Brunei, Cambodia, Laos, Singapore, Thailand and Vietnam, in addition to 4 non-ASEAN signatory countries, namely Australia, China, Japan and New Zealand.

“The rapid ratification by the signatories is a true reflection of our strong commitment to a fair and open multilateral trading system for the benefit of the peoples of the region and the world,” said ASEAN Secretary General Dato’ Lim Guk Hui.

The Secretary-General stressed that the implementation of the agreement will provide a huge boost to economic recovery efforts in the post-Coronavirus era.

The agreement signed in November last year is a huge trade deal between the 10 ASEAN member states: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, as well as China, Japan, South Korea, Australia and New Zealand.

The procedures require the ratification of at least 6 ASEAN countries and 3 of the other 5 non-members for the agreement to enter into force.

Once in effect, tariffs on up to 90 percent of goods traded between its signatories will be eliminated over the next 20 years.  LINK

Source: Dinar Recaps

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