Iraq urges sinners to enter the World Trade

Portal Iraq - agencies


Prompted a number of stakeholders in economic affairs of Iraq on the
need to speed up the implementation of a package of decisions that is
consistent with the policy of the open market, to arguing that those
decisions will give Iraq the membership of the WTO at full speed, and
economists have called for a conference held by the Organization of our
economy in cooperation with the Ministry of Commerce to stand on the
most prominent Almarqlat that impede the entry of Iraq to the WTO, and
argued that Iraq's delay in approving a number of economic laws factor
will delay the issue of joining and will decline in business activity
and investment in it, especially since more than two thirds of the
global art has included under the umbrella of that organization.

The conference was attended by a large number of stakeholders in
economic affairs and the members of the House of Representatives and
representatives of economic organizations and advisers in the Prime
Minister.

In the opinion of Counsel in the prime minister and the director of our
economy, Dr. Abdul Hussein Al-Anbuge that the most striking features of
the global economy at the moment is the movement of goods, services,
capital, information and labor across national borders, regional, these
features are consistent with what called for in the World Trade
Organization (WTO) and consistent with data from the new international
order, either to get along with them and approach them or remain
strangers Mnsogn them behind, losing the advantages and at the same time
not guarantee disadvantages.

Approaching vision Anbuge with the view of Member of the economy and
investment representative Abdul-Abbas Xiaa, who said that Iraq's
accession to the WTO, the issue of significance, pointing out that a
number of these international organizations are controlled economies of
the world, and this is reason to speed up to join the WTO.

And waved broadly Speaking (morning) that the majority views the
parliamentary serve the interests of the accession to that organization,
but that these views calls often to the importance that preceded
accession prepare fully, through the amendment of legislation and
regulation aspects of the national economy in general, as well as
stimulate the private sector, stressing that in the absence of such
measures, the, the accession process will not be feasible, especially in
light yield economy is diverse and has different productive sectors.
A basket of legislation

And confirms broadly that Iraq will gain if he joined the World Trade
Organization more confidence of investors and international companies,
as well as the confidence of international banks, traders and
economists, however, broadly believes that the problem of current
economic that hinder Iraq's accession is the transition from socialist
economic system to a free market, etc. marred by distortions hindered
this transformation, which he said requires a basket of legislation that
are compatible with the new global economic order, stressing that the
lack of a package of laws the new economic order will hinder the process
of economic transition towards a free market.
Improve the investment opportunities

Perhaps the most positive aspects of joining the WTO is to generate a
conviction very corporate global investment laws of Iraq's economic,
because the process of accepting members of that organization needs to
be a basket of laws that facilitate economic action and seek to overcome
the obstacles that stand in the way investors, as confirmed most of the
participants at the conference that the move is important in the future
of Iraq's economic, Minister of Commerce, said Iraq's accession needs
to be a long time and continuous cooperation among all stakeholders,
pointing out that his ministry is making strenuous efforts in order to
join that organization, which he said is very important and necessary in
business organization in the country compared to what it is in
developed countries.

According to Khairallah Hassan Babiker Speaking (morning): The efforts
of Iraq to engage in that system of global economic task sponsor open
its market to the markets of developed countries Almnzawah under the
banner of that organization, as well as the importance of this step
which will bring many investment companies mission to Iraq by the member
states, as well as an improvement in the import and according to
international standards.
Benefits of Joining

He touched on the economic advisor in the Prime Minister Dr. Abdul
Hussein Al-Anbuge through his paper presented at the conference
management, to the benefits of accession, and what can be earned by Iraq
in the short term and medium term, where he noted there will be entry
into force of a safe, stable and non-discriminatory of Iraqi exports of
goods and services to the markets of 147 countries member of the World
Trade Organization and will soon become 175 countries, as well as
provide control over the unfair treatment of Iraqi products and services
in the markets of Member States in the World Trade Organization.

Indicating that the positives from the accession also that there will
be control of unjustified restrictions in other countries and
restrictions on exports destined for Iraq, and create an environment
conducive to the creation of producers and service providers Iraqis are
better efficiency and competitiveness at the international level and to
increase capital investment by extension, as well as technology transfer
and technical knowledge and the expansion of the distribution chain for
international producers of Iraqis.

He pointed out that to make improvements to overall economic
performance, for example, economic growth, productivity, employment of
Iraq as a result of increased exports and investment are also the most
prominent advantages of the system that will result in increased
financial profits as a result of increased investment, economic
activities, production activities relating to the service, trade flows
and Employment.
Developed economic relations

He reviewed the pros Anbuge further said that the process of Iraq's
accession to the WTO case gain to accept membership, pointing out that
there will be over the security and non-discriminatory wages as well as
reasonable and appropriate to cross the Iraqi tankers and products
through the territory of other Member States.

Indicating that joining the witness permeable broader Iraqi (government
institutions, producers and consumers) to a variety and wide range of
products and services of high quality to meet competitive prices, in
addition to that the organization will be awarded to resort to dispute
settlement body of the organization, which will offer a solution and an
appropriate mechanism for any commercial dispute that may arise between
Iraq and trading partners.

He explained that Anbuge of the leading franchises which will be
reflected positively on Iraq is the composition of international trade
relations more stable and that there will be more confidence in doing
business with members.

Stressing the need to provide good governance through the rule of law
and predictability, transparency, stability, accountability, limited
discretion, arbitration and judicial appeals for the immediate and
appropriate in light of the accession process.
You may join the most accomplished

The Iraq sought to join for wto since many years ago, emerged from the
dozens of bilateral meetings between those on the Muf in Iraq and
between representatives of the World Trade Organization, has resulted
from these meetings accomplish the main files that come a long way
toward Iraq's accession as was confirmed by (morning) Director of the
World Trade Organization, Ministry of Commerce Tharwat Akram Salman, who
said the charge of this Muf in Iraq were able to accomplish the most
demanded by the World Organization on an ongoing basis and he (the
initial offer of goods), explaining that this file is one of the main
necessities that requires completion in order to appeal to the question
of accession is a major technical file called implemented by the
organization since 2008 has worked to complete all very hard since then.

And the time periods required by Iraq in order to enter that
organization Salman said: that the time schedule for all mixed for
accession, as the Jordan example, was able to join after six years of
talks, while it took Saudi Arabia 12 years of discussion before joining,
and Russia 18 years, Since all these periods depends on the nature and
seriousness of the negotiations, stressing that if the completion of all
files requested from Iraq, the process of accession to the WTO will not
take long periods of time.
WTO and the private sector

Salman believes that the WTO is an important stimulus class basis
through agreements on goods, services and intellectual property, adding
that those points will work together to revitalize

Iraqi private sector, especially the two sides of industrial,
commercial, noting that the organization will provide many of the needs
of the private sector through the creation of conferences and
competencies and the organization of workshops through which the will of
the sector to identify the communities developed economic and building
bridges of communication with companies and businessmen in the various
member countries.

He Salman out that the main obstacles facing the process of Iraq's
accession to the WTO is the presence of a heavy legacy of legislation
that does not serve the interests of the economic trend towards an open
market policy, stressing that the laws of the country's present and its
system of legislative and his economic philosophy all of which serve the
interests of the centralized economy, which called for based on the
file on Iraq's accession to the WTO to harmonize the legislation with
the WTO agreements, and compliance with the economic system of the
member states.
The feasibility of joining

In general we can say that the distribution of negative and positive
impacts on both among developing countries by the application of the
principles of the WTO is different from state to state depending on the
different systems of economic and structures of production and
financing, since the vulnerability of developing economies by the
application of the principles of the organization depends on the two
sets of interrelated factors are the degree of openness to global
markets and the composition and properties of commercial exports of
goods and services.

The more openness to the world's largest markets whenever they raised
the application of principles of the Convention raised a positive rather
than negative.

Either in terms of composition and properties of commercial exports of
goods and services, the agreement provided for reductions in the table
of customs duties imposed on raw materials used in industry by up to (70
percent) of the ratios above, either semi-manufactured goods Vtkon rate
ranging between (32 percent _ 47 percent) either for the goods they
made the final of between (25 percent _ 43 percent).