Iraqi economist say Iraq is not yet eligible for WTO; Blames Iraq and poor development of laws

Posted: March 17, 2014 in Iraqi Dinar/Politics

Economists say: Iraq is not eligible to enter the World Trade Organization

16/03/2014 05: 35 PM

Baghdad/follow us:-increased calls for Iraq’s accession to the WTO, as part of the transition to capitalism and its openness. Fulfilling its obligations to the international community made in signing the Charter of the International Covenant.

Economic analyst Abbas said an overwhelming majority of Iraqi economic environment are not eligible to enter the World Trade Organization because of laws governing which have not kept pace with the evolution of the global economy.

An overwhelming majority said in a press statement: “Iraq is not eligible to enter the World Trade Organization due to its transition to the market economy, despite the positive repercussions that could affect the economy in Iraq if entry into the World Trade Organization, the Government has taken a number of measures and controls that facilitate its way for WTO entry are important laws contribute to the development of the Iraqi economy.”

He noted that the fight against unemployment in Iraq and the fight against inflation which hit the Iraqi economy during the past period, work on the development of the private sector which can handle all these reforms that Iraq began to turn into a market economy, which would to enter the WTO. ”

And the majority, “it must be the creation of an environment conducive to Iraq’s accession to the World Trade Organization, especially as Iraq observer status in this organization, and all the current circumstances Iraq serves to join but after activating all laws which will contribute in activating its economy and make it parallel to the world economy.”

For his part, the economic analyst Zuhair al-Hassani, said that “Iraq’s accession to the WTO will be a weapon, which is struggling by the shoddy goods to enter Iraq.” Hassani said in a press statement: “The Iraqi constitution provides for the development of the private sector, which can not be done only with the help of global investment, and therefore, the survival of Iraq outside the WTO will deprive us of the entry of foreign investment for the development of the Iraqi economy, and that Iraq can not be closes on itself because the infrastructure experienced by Iraq in the past were built by companies sober and because of the passage of time it became Mthrih. “and” The Iraqi market is open on all sides, and this thing has caused the entry of goods bad of all States, which is not able to Iraq to take any action on these goods entering for its domestic market , so Iraq’s accession to the World Trade Organization gives us the right to fight flooding the Iraqi market goods shoddy through regulatory agencies created by the organization in all countries of the world. “and pointed out that” Iraq’s accession to the World Trade Organization, which is an observer member which is carried out through reforms economic through the activation of a number of laws to combat unemployment and to combat inflation in the Iraqi economy and work on the development of the private sector. ” And between, that “Iraq’s accession to 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 the opening up front capital and integration with global financial markets.”

Economic analyst said smeisim, peace “Iraq’s accession to the World Trade Organization will facilitate the integration of Iraq into the global market.” Smeisim said in a press statement: “Iraq’s accession to the WTO would help Iraq to create linkages with global and large companies could create investment climates to those companies that will come to Iraq for investment and productive base.” Noting that “Iraq does not have laws or legal environment appropriate for accession to the World Trade Organization, and that these laws are not eligible to make Iraq turning into a market economy, which has several features first is to join the World Trade Organization agreement that Iraq observer.” Stated that “if Iraq’s accession to the World Trade Organization that seeks to improve the economy and change laws that will transform Iraq into a market economy.”

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