Experts: Iraq’s accession to WTO will limit the economic situation of isolation

Posted: September 24, 2013 in Iraqi Dinar/Politics
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Promised the Economic Committee in the Iraqi Parliament, yesterday, Iraq’s accession to the World Trade Organization “Troydha of the Iraqi economy weak”, and stressed the need for the government “to create an environment suitable investment and reform tax laws and fees,”

as he emphasized the economic expert that Iraq’s accession to the organization “will open global markets for the country, “calling to attend Iraq World in all forums to stimulate the economy and not rely on oil.

said a member of the Economic Commission parliamentary Mahma Khalil in an interview (range Press) that “access to the World Trade Organization would have a number of rights, duties and benefits and sacrifices, “noting that” it requires that the stakeholders in the government package of measures that relate to creating the environment suitable investment and rationalization of government support in addition to a number of reforms in the laws and procedures on taxes and fees and to other measures other. ”

Khalil added that “Iraq’s accession the organization is considered a tame for the Iraqi economy, which suffers from weakness though fight weakness requires firmness and consistency in decision-making beneficial even if resulting in losses in the medium term and short term, “adding that” the environment, the organization does not provide a safe environment for the economy weak, but provide a general framework for the exchange of commercial competitive Both, according to its potential and efficiency. ”

He said Khalil that “Help organization where flexibility to take into account the specific conditions of each country, as there are some allowances and exceptions.”

For his part, said economic expert Saleh al-Quraishi said in an interview to (range Press) that “Iraq’s accession to the Organization global trade will reduce the isolation that accompanied the Iraqi economy for a long period of time by the wars and the economic blockade, “noting that” the isolation led to harm بإمكانياته and its competitiveness and the widening gap between the Iraqi economy and the rapid developments of the global economy. ”

explained Quraishi that “Iraq’s accession this organization is likely to bring some advantages such as opening international markets to Iraq and to attract foreign investment and integration with the global economy as well as openness to capital and integration with global financial markets, “calling for the need to” correct the course of the economic process, especially the private sector through the presence of Iraq’s World all forums to stimulate the economy and not rely on oil. ”

It was deal with matters relating trade in the province of Diwaniyah confirmed, in (May 13, 2013), “Iraq’s need” to join the World Trade Organization, while confirmed by the Ministry of Commerce said joining the organization “will move the Iraqi economy” , ruled out the businessmen the possibility of it on the ground until “after fifty years,” and attributed the cause to “the absence of legislation” in a position to put Iraq into the international system, demanding the abolition of “the Ministry of Commerce.”

and announced that the World Trade Organization about its inception in 1995, and is one of smaller organizations global age, where the WTO is the successor to the General Agreement on Tariffs and Trade (GATT), which was established in the wake of World War II.

, and despite the fact that the WTO is still modern, the multilateral trading system, which was originally set up under GATT has reached aged fifty years, and celebrate the golden jubilee in Geneva on May 19, 1998 In the presence of many heads of state and government leaders.

saw twenty years exceptional growth in world trade, as exports of goods average (6%) per annum and helped GATT and the WTO to establish a system Commercial strong and prosperous which contributed to the unprecedented growth.
were Development Association and the development of industry and trade in Iraq criticized, on March 19, 2013, non-state support for industry and trade sector and open the doors of import wide what right the damage the product nationally and lost his ability to compete, while believing that the scarcity electricity, fuel, and not keep up with the Angels national global developments and the lack of laws appropriate most important factors in the decline Iraq industrially and economically, confirmed its quest detection areas ready for industrial investment and help stimulate foreign and Arab companies to invest jointly with Iraqi investors, finding sources of industrial and commercial non-oil.

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