Posted: December 15, 2010 by 
Justhopin in 
Iraqi Dinar/Politics            Tags: 
Development Fund for Iraq, 
Invasion of Kuwait, 
Iraq, 
Joe Biden, 
kuwait, 
Oil-for-Food Programme, 
United Nations, 
United Nations Security Council                         UN  Security Council voted, Wednesday evening, the exit of Iraq from  Chapter VII, after the Council adopted three draft resolution included  the extension of the work of international immunity to Iraqi funds and  an end to restrictions on the production Taqo nuclear and weapons of  mass destruction and the abolition of all Items Chapter VII, including  the Food for Oil-for-mandate the Secretary General to the Security  Council set up an account at about $ 20 million of oil revenues Iraq  until December 2016 to cover the expenses of the relevant United Nations  to end the remaining activities of the program, including the financing  of the activities of the Office of the Coordinator of the United  Nations High Commissioner for cases of missing Kuwaitis and Kuwaiti  property.
 UN Security Council met late Wednesday  in New York in the presence of Iraq, represented by Minister of State,  as well as representatives of the five major states, Turkey and Japan.
 A statement by the UN body, which includes 15 members which was  followed by Vice President Joe Biden’s call for Iraq to “meet its  obligations remaining rapidly under the resolutions of the relevant  Security Council taken under Chapter VII concerning the situation  between Iraq and Kuwait.” Adding that “the situation now in Iraq is  different a lot about the situation that existed at the time the  adoption of resolution 661 of 1990. “
 Out of Iraq from Chapter VII came three draft resolution, the  Security Council was positions under the first resolution on the  extension of the work (the Development Fund for Iraq) until June 30,  2011 instead of stopping its activities later this year as scheduled at  the beginning of the command after Iraq confirmed that it will not  request any further extensions of the work of the Fund.
 He stressed that the proceeds of exports of oil and natural gas in  Iraq will not be deposited in the Development Fund for Iraq after June  2011 but he will continue to deposit five percent of them to the  Compensation Fund for the invasion of Kuwait. The second draft  resolution represents an end to restrictions on weapons of mass  destruction and missiles and the production of civilian nuclear energy  imposed on Iraq under resolution 687 of 1991. The decision was the third  to take the Secretary General to take all necessary measures to stop  all the remaining activities of the oil for food program and the  abolition of all letters of credit claims outstanding. The Council  adopted resolutions (I and II) was adopted unanimously, in France  declined to vote on the draft resolution III.
 According to the decision to remove Iraq from Chapter VII, the  Security Council authorized the Secretary-General to establish a special  account to ensure the retention of $ 20 million from the proceeds of  oil until December 2016 to cover the expenses of the relevant United  Nations to end the remaining activities of the program, including the  financing of the activities of the Office of the Coordinator of the  United Nations High Commissioner for missing Kuwaitis and Kuwaiti  property issues. as well as to keep about $ 131 million to finance the  work of the United Nations and its representatives, agents, independent  contractors for a period of six years with respect to all activities  related to the program since its inception.
 The international position of Iraq came after a series of measures  carried out by seven years ago with regard to end the outstanding issues  with Kuwait and the payment of compensation and work transparently with  the International Organization of Atomic Energy, which was described in  its latest cooperation of Iraq with “transparent.” Further tightening  of Baghdad in more than of the memorandum of its mission to the United  Nations that “the time has come” out of the money the UN resolution.
 He Twenty years after the adoption of resolution 661 UN Security  Council, which is the second decision issued against Iraq after its  invasion of Kuwait in August 1990, the development of which Iraq under  Chapter VII of the Charter of the United Nations and imposed on him an  economic embargo froze its assets in international banks. According to  the resolution, Iraq remains subject to the requirements of Chapter VII  that the stresses of the United Nations Security Council’s commitment to  Baghdad with all the international resolutions concerning the  occupation of Kuwait, including the file of compensation. and after the  implementation of resolution 986 known as Oil for Food Programme, the  United Nations to develop 5% of the proceeds from the sale of Iraqi oil  since 1997 in a special fund to compensate Kuwait for losses suffered as  a result of the invasion.
 Leaks reported by the official Kuwait News Agency (KUNA) said his  consultations, the Security Council to take a final position on Iraq,  and Washington created the international atmosphere for the abolition of  the international trusteeship in Iraq, as one of U.S. commitments to  Iraq after 2003.
 Last week, Washington said a delegate in the Security Council, Susan  Rice, said he “would be an important opportunity for the international  community to find out the real progress made by Iraq concerning the  composition of the government in addition to the important steps taken  for the completion of its commitment to the Chapter VII.”
 For his part, UN Secretary-General of the United Nations to Iraq, Ad  Melkert yesterday at a news conference in Cairo that “it is important to  get out of Iraq from Chapter VII, and of the international point of  view to be that there are effective relationships between Iraq and  Kuwait and the entire region and restore the special relations and  friendly relations between two countries. “
 Is the common border between the two sides one of the most important  points of contention so far, and that prompts Kuwaitis demarcated, as  well as file which resulted in large awards paid by Iraq of Kuwait.
 The Kuwait and Iraq had agreed Tuesday to withdraw about 500 meters  from the international boundary between them deep into their territory  step aimed at ending the border problems pending between them, and  pledged to build 50 houses for Iraqi citizens homes are located very  closely to the border and affect the sound vision and close monitoring  of the area border.
 Position of Kuwait in hand in line for weeks with the need to remove  Iraq from Section VII, where Prime Minister Sheikh Nasser Al-Mohammad in  September 21 last, support for that, saying that “Kuwait is the first  country to wish to exit Iraq from Chapter VII, and this means that Iraq  completed the implementation of resolutions and international  obligations. “
 Confirmed in the Kuwaiti press in a timely manner “Sheikh Nasser  Mohammad Al-Prime Minister announced his agreement with the  Secretary-General of the United Nations Ban Ki-moon to end the  outstanding issues with Iraq.”
 Kuwait has sought since the fall of the former regime in the spring  of 2003 to establish diplomatic relations firm with Baghdad, referring  to being considered for Iraq on the basis of its political system is the  new friend her, where dispatched Baghdad in mid-year, its first  ambassador to Kuwait to establish “strategic relations” document, while  it was Kuwait has sent its first ambassador to Baghdad since 2008.
 The Undersecretary of the Iraqi Foreign Ministry, however, Abawi, had  confirmed the (Rn) on August 23 last that “Iraq has paid so far $ 30  billion of debt of Kuwait and remained, including $ 22 billion dollars.”  And stressed that Baghdad is seeking to end the file of debt and  compensation Kuwait exit from Chapter VII soon. stressing his country’s  commitment to international resolutions of the Security Council on its  neighbor Kuwait to close this file without delay.
 While Bush’s Chief of the Arab world in the Ministry of Foreign  Affairs of Kuwait Jassem Mubaraki’s (Rn) in the September 14, said he,  “There are no outstanding issues with Iraq, and found minor problems, we  have joint committees regarding the demarcation of the border and farms  of joint and fishermen and coastal waters as well as Safwan border  expansion port and oil fields in common, and will take these problems to  be solved in the future. “
 In Iraq announced on 19 September last in the statement of the  spokesman for his government Ali al-Dabbagh’s (Rn) that “Iraq has begun  the first step to resolve outstanding problems with Kuwait through the  installation of border markers of the land boundary between the two  countries, which demonstrates the commitment of Iraq, UN resolutions,  stressing that “the Iraqi government is working to activate the  Convention on the Unification of fields, joint oil, which could be where  a joint investment between the two audit third party, include this step  also solve the problem of farm common border in the town of Safwan in  Basra province and belonging to farmers Iraqis.”
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http://currencynewshound.wordpress.com/2010/12/15/new-international-commitments-after-the-withdrawal-of-iraq-from-chapter-vii/