It would seem to me that one of the issues that will need to be addressed after the Iraqi votes are fully counted will be how this will affect the privatization of Iraq's resources and economy. How will the 100 orders that Paul Bremer put into place be effected?
From:
The Hand-Over that Wasn’t:
written in 2004
http://www.fpif.org/papers/0407iraqtransf_body.html"in his final Order enacted on his last day in the country, Bremer simply transferred authority for the Orders over to the new Prime Minister, Iyad Allawi. For his part, Allawi--a thirty-year exile of Iraq with close ties to both the CIA and British Intelligence Services--is considered America ’s new man in charge of Iraq ."
snip
The Orders are exercised pursuant to the Iraqi interim constitution, the Transitional Administration Law (TAL). The Annex to the TAL states that the Orders can only be overturned with the approval of the president, the two vice presidents and a majority of the ministers.
But the Annex also denies the interim government from taking “any actions affecting Iraq ’s destiny” beyond the election of an Iraqi government. The identical sentence appears in UN Security Council Resolution 1546, which outlines Iraq’s transition to “sovereignty.” Thus, while Allawi may succeed in overturning a few less far-reaching Orders if for no other reason than to demonstrate his independence from the Americans, it is beyond his authority to change any fundamental laws.
snip
A sampling of the most important Orders demonstrates the economic imprint left behind by Bremer:
Order #39 allows for the following: (1) privatization of Iraq’s 200 state-owned enterprises; (2) 100% foreign ownership of Iraqi businesses; (3) “national treatment” of foreign firms; (4) unrestricted, tax-free remittance of all profits and other funds; and (5) 40-year ownership licenses. Thus, it allows the U.S. corporations operating in Iraq to own every business, do all of the work, and send all of their money home. Nothing needs to be reinvested locally to service the Iraqi economy, no Iraqi need be hired, no public services need be guaranteed, and workers’ rights can easily be ignored. And corporations can take out their investments at any time.
Order #40 turns the banking sector from a state-run to a market-driven system overnight by allowing foreign banks to enter the Iraqi market and to purchase up to 50% of Iraqi banks.
Order #49 drops the tax rate on corporations from a high of 40% to a flat rate of 15%. The income tax rate is also capped at 15%.
Order #12 enacted on June 7, 2003 and renewed on February 24, 2004, suspends “all tariffs, customs duties, import taxes, licensing fees and similar surcharges for goods entering or leaving Iraq, and all other trade restrictions that may apply to such goods.” This led to an immediate and dramatic inflow of cheap consumer products, which has essentially wiped out all local providers of the same products. This could have significant long-term implications for domestic production as well.
Order #17 grants foreign contractors, including private security firms, full immunity from Iraq ’s laws. Even if they do injure a third party by killing someone or causing environmental damage such as dumping toxic chemicals or poisoning drinking water, the injured third party can not turn to the Iraqi legal system, rather, the charges must be brought to U.S. courts under U.S. laws.
Order #77 established the Board of Supreme Audit and named its president and his two deputies. The Board oversees inspectors in every Ministry with wide-ranging authority to review government contracts, audit classified programs, and prescribe regulations and procedures.
Order #57 created and appointed an inspector within every Iraqi Ministry with five-year terms who can perform audits, write policies, and have full access to all offices, materials, and employees of the Ministries.
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Of course I can't vouch for the accuracy of this article but it sounds as if the foundation that has been put in place could take years to sort out as the Ministers have been secured.
It will be interesting to know how the possible Shiite led government will deal with the orders.
Regarding "The privatization of Iraq" I have not seen any articles written lately on this issue in light of the recent election and what the consequences for U.S. interest will be , the last one I saw being the Meacher article.
http://www.timesonline.co.uk/article/0,,1072-1731547,00.html written in August
If there are any other recent articles out there on this subject that any one knows of I would be interested in reading
Thanks