Expert: Iraq's accession to the WTO attracts investment

Expert: Iraq's accession to the WTO attracts investment





Posted 06/05/2012 12:34 PM


Babinaoz (Reuters) - praised the economic expert efforts for on impact of Iraq to the World Trade Organization, noting that such efforts should be successful in the determination of an Iraqi on the merger of that organization that will facilitate trade and overcome the obstacles faced by all commercial traffic and development in the country ..

Praised economist efforts for Iraq's accession to the WTO, noting that such efforts should be successful in the determination of an Iraqi on the merger of that organization that will facilitate trade and overcome the obstacles faced by all commercial traffic and development in the country, and drew an expert to that joining the WTO requires the restructuring of the Iraqi economy to conduct fundamental reforms in the structure of economic, which includes all laws, legislation and economic measures and formulation of modern methods developed in line with the requirements and conditions of the organization, pointing out that among the pros that can be achieved in Iraq in the event of joining the WTO is its contribution to in achieving the integration of fast of Iraq to the international community and the global economic system and catch up with the development and modernity in all areas, particularly the economic aspect and development, as well as access to facilities a great business in the fields of import and export, human development and services sectors through the opportunities and allowances and facilities provided by the organization for its members.

Ali Aziz only during his talk that the process of reforming the economic system for the purpose of joining the organization can contribute to creating an attractive environment for foreign investment, large and make the most of its position in the organization in the definition of areas and investment opportunities in Iraq and this will allow the country to achieve the greatest degree of flexibility and the ability to choose the best and finest of goods through the presentation of products from 156 countries members of the organization to Iraq.

And only that Iraq's accession to the organization serves as an important incentive to recovery and prosperity of industry and agriculture of Iraq to keep up with global production and increased ability to compete with the products and foreign goods, and ensures the largest amount of job opportunities and the elimination of unemployment in all its forms after the recovery of industry and agriculture, services and investment projects other big and achieve inherent in human development for economic recovery.

The expert explained that Iraq is working hard to join the international economic organizations because of its paramount importance in the future of the national economy, which he said the economy sober and important role in the region and the world a kiss to all global investment, stressing at the same time that the WTO accession will lead to expansion work of networks of social welfare and diversification of fields such as a guarantee of health and opportunities for free education and increase the areas of humanitarian work as a practical alternative to lift subsidies on goods and goods of food and health services, education and imposed by the terms of the organization which aims to reduce waste of resources while ensuring the standard of living adequate for the poor.

Expert urged the need to improve the negotiating capacity of Iraq with the developed countries members of the Organization in the areas of contracts and economic agreements on trade and investment through the atmosphere negotiating positive provided by the organization for its members according to the contexts and the laws prevailing there, which are difficult for Iraq to achieve in bilateral negotiations with these countries, saying that Among the benefits to be achieved in the event of Iraq's accession to that organization is to prevent monopoly and to overcome the bad effects in the business by ensuring the free flow and ease of import of goods and commodities without barriers, creating a positive atmosphere and wide range of commercial competition.

He suggested only that the accession to the Organization to ensure protection for the developing countries, including Iraq policy of dumping that may be pursued by developed countries against other countries and thus provide the organization according to its laws and regulations protect the good of the economy of Iraq and this will not be achieved without full membership in the organization as the only one who also stressed that the importance of joining comes from the fact that the organization and means to help make the best use of natural resources and human resources and finance through the selection of areas most capable of Iraq on the contest and get rid of projects and investments that ascertains the economic feasibility of fruit and a focus on projects that achieve the highest amount of profits and returns of Finance in the fields of industry, agriculture and disposal from the heavy legacy of dozens of projects for government non-productive and viable economic and useless, which cost the state budget a large financial burdens.

Iraq is seeking to join the World Trade Organization, a move aimed at achieving economic progress can come back with positive results significant for the country, but that the organization was granted Iraq observer status in order to brief him on the policies and laws of the organization that allows member countries many of the privileges on the commercial front.

The mayors of the country to hold a series of economic reforms that are imposed on countries wishing to enter into the membership of that organization as a condition for acceptance, including a comprehensive reform of the laws, customs, taxes and reform the system of banks and other economic laws, the other that can facilitate the process of accession to the WTO.

In contrast, sees only a concern of many economic decision makers of the process of accession to the WTO, adding that those fears are that Iraq is undergoing a critical transition in his economic policy which tries to identify tracks new after a period of change and transition from central control comprehensiveness of the economy which pursued by the former regime and established a complete system of legislation, laws, procedures and FAQ economic reflected on the behavior and practices of institutions and government departments and their employees and the nature of their outlook, their dealings with the private sector on the one hand and the desire to shift to a market economy which is guaranteed by Dezturalaraca in article twenty-fifth.

And recommended only the need for Iraqi negotiator on grace periods and exemptions appropriate in the areas of tariff and support agricultural production and industrial and intellectual property rights for the advancement of the economic reality of Iraq is gradually down to the stage of competitiveness, pointing out that it would achieve the balance of logical among member states, which vary among themselves between industrialized countries and a major producer and between developing countries and depends heavily on imports such as Iraq.

The expert also: that the laws and requirements of the organization concerning the abolition of subsidies on goods and products, including food raises fears and concerns of the poor and disadvantaged, which calls for activating the work of social safety nets and expand its work to include as much as possible of the beneficiaries and the diversification of sources of support and care to include the views of the private sector and civil society civil where we note that the work is marred by many of the gaps and violations and depriving the many categories of orphans and widows, the disabled, the disabled and people with incurable diseases and other eligible care to be done before the completion of accession to the organization because it will eliminate the fears and apprehensions legitimate for these categories and creates an atmosphere of stability and assurance of social replacement government support for commodities and goods, including food and medicine.

And the only one that joining the WTO occupies the utmost importance for the future of Iraq's economic and international level is that it is required to be in accordance with steps dealt with carefully studied depends first on identifying economic targets current and future desired to join the organization, noting that it requires not only be joining the organization is very up the same as Iraq's accession is the choice of the country and not imposed it should also contribute to all economic sectors, both public and private sectors to discuss the issue of joining the organization in a transparent and high sense of responsibility and great concern for the future of the homeland and the citizen away from the auctions and the best interest of timely and therefore it is very appropriate that it contributes to all sectors economic, public and private sectors to discuss the issue of accession to the organization to its being affected by the negatively or positively albeit at different levels.


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