Baghdad-Erbil revenue deal back on track
Officials announced a breakthrough in a deal exchanging custom revenue for civil servant payments.
A soldier monitors trucks crossing at Ibrahim Khalil border gate between Iraqi Kurdistan and Turkey on Feb. 26, 2008. (CEERWAN AZIZ/Reuters)
ERBIL/SULAIMANIYA - Iraq’s federal government and semi-autonomous Kurdistan Regional Government have agreed on a revenue-sharing deal, ending more than three months of deadlock and opening the way for Baghdad to restart vital monthly financial transfers to the KRG in exchange for a share of customs revenue from border crossings in territory under the KRG’s control.
“After months of negotiations and the exchange of nearly a dozen proposals, the KRG and Baghdad have finally reached an agreement,” said a senior member of the KRG negotiating team.
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