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MP Pushpa Fri: Iraq's entry to the World Trade Organization would damage the economy of the country
24-05-2013 03:22 PM
Baghdad (newsletter). Warned Committee member Deputy economy and investment/Iraqi/coalition Qusay Juma, the likelihood of damage to the national economy when Iraq's accession to the World Trade Organization because of the lack of a local competitor.
He said Juma (News Agency): that Iraq is now an observer member in the WTO, negotiations by the Ministry of Commerce for permanent membership, noting that the organization imposed obligations on Iraq for full access.
He added: the country is not ready to enter the WTO, if joining would hurt the economy because there is no local producer either industrial, agricultural competitor for foreign products, and is to be executed in reviving local industry and agricultural sector, Iraq remains dependent on foreign imports.
He said: as well as the lack of activation of the important economic laws in the House legislation, including tariffs and protection of national product and that its functions to facilitate accession to WTO.
The Commerce Department announced that the Trade Minister will head the Baboucar Khairallah Hassan negotiating delegation to Iraq to join the World Trade Organization, which comprises representatives from the relevant Iraqi ministries and private sector bodies to negotiate with {159} State member of the World Trade Organization, which will be negotiated on Iraq's files in his career to join this organization.
Iraq reportedly sought for years to join the World Trade Organization to improve trade and economic status.
The Organization, inter alia, imposed on Iraq in order to join her as Iraq seeks to gradually applied and end all entitlements to join.
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24-05-2013 03:22 PM
Baghdad (newsletter). Warned Committee member Deputy economy and investment/Iraqi/coalition Qusay Juma, the likelihood of damage to the national economy when Iraq's accession to the World Trade Organization because of the lack of a local competitor.
He said Juma (News Agency): that Iraq is now an observer member in the WTO, negotiations by the Ministry of Commerce for permanent membership, noting that the organization imposed obligations on Iraq for full access.
He added: the country is not ready to enter the WTO, if joining would hurt the economy because there is no local producer either industrial, agricultural competitor for foreign products, and is to be executed in reviving local industry and agricultural sector, Iraq remains dependent on foreign imports.
He said: as well as the lack of activation of the important economic laws in the House legislation, including tariffs and protection of national product and that its functions to facilitate accession to WTO.
The Commerce Department announced that the Trade Minister will head the Baboucar Khairallah Hassan negotiating delegation to Iraq to join the World Trade Organization, which comprises representatives from the relevant Iraqi ministries and private sector bodies to negotiate with {159} State member of the World Trade Organization, which will be negotiated on Iraq's files in his career to join this organization.
Iraq reportedly sought for years to join the World Trade Organization to improve trade and economic status.
The Organization, inter alia, imposed on Iraq in order to join her as Iraq seeks to gradually applied and end all entitlements to join.
[You must be registered and logged in to see this link.]
