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It was reported that the European stocks fell on Friday because of the increase in the geopolitical tensions that made President Barack Obama increase the air strikes in Iraq. The first index fell by 300 points at 0708 GMT, the FTS Euro first was a major European company share that lead to 0.9 percent loss and 1302.48 points. This loss has added to the total loss of seven percent that has taken place since the past 8 weeks almost.

The partnership agreement of trade and investment across the Atlantic Ocean known as "NTT IB" to create the largest free trade area in the world, in order to stimulate growth and create much-needed jobs.

The stock market of Europe fell and caused the traders to feel the tension of it. With the fall in the stock market the traders felt that the violence in Iraq would increase. During the last month the traders had used the profits to pay for the different things and further gain profits from them.

Iraq is allowed to export its products in the European markets after this membership that was ban before. The economy of Iraq will definitely boost up after the membership because local and foreign investors will invest in the country more than ever. The oil ex[port will reach 7 million barrels per day by 2016 instead of 2017, the target set by Iraq.

With this membership the export of Iraq will increase in the European markets especially the export of crude oil. The investors will invest more than before to produce more products as they have a big option in the mind. The employment opportunities in the country will also increase and there will bring balance in all the sectors of economy.

Iraqi Dinar 123 News:- The Italian Prime Minister Mateo Rinci met Nuri al Maliki and Dr Haider Abadi separately. It was seen that the US and the European countries are now demanding a better system of management by Iraq.