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Experts discuss the obstacles to Iraq's accession to the World Trade Organization

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Experts discuss the obstacles to Iraq's accession to the World Trade Organization

Economical 2023/02/28
Baghdad: Haider Fleeh Al-Rubaie

A number of experts and specialists in economic affairs discussed ways to adapt the economic laws that qualify Iraq to enter the World Trade Organization,

reviewing at the same time the pros and cons of joining the WTO, while

a number of specialists believe that Iraq is not ready at the present time to be a full member. In that organization, because it relied heavily on imported products.

The Ministry of Commerce announced earlier a plan to complete the requirements for joining the World Trade Organization, stressing that

this year will witness the completion of technical files in terms of goods, services and intellectual property, in addition to holding official meetings at the organization's headquarters in Geneva.

The WTO is an intergovernmental organization that "regulates and facilitates" international trade between nations.

It officially began its operations on December 1, 1995 in accordance with the Marrakesh Agreement.

It is the largest international economic organization in the world. According to Wikipedia, it includes 164 member states and represents what exceeds 98% of world trade and world traded domestic product, and works to facilitate global trade in goods, services, and intellectual property between participating countries by providing a framework for negotiating trade agreements that usually aim to reduce or eliminate tariffs, supply quotas, and other trade barriers.

During the workshop held by the Ministry of Trade in cooperation with the Iraqi Businessmen Union and in the presence of a number of representatives of economic unions, the experts reviewed the stages of Iraq's accession to the World Trade Organization and the obstacles that faced the Ministry of Trade in previous times, especially commodity dumping and its impact on private sector activity and the procedures for addressing it.

In addition to providing an overview of the tasks of Iraq's international trade in promoting local products and registering private companies.

A member of the Businessmen Union, economist Basem Jamil Antoine, told Al-Sabah that

"the symposium focused on discussing ways to enhance Iraq's accession to the World Trade Organization, and to stand on the most important positives that will be reflected in Iraq in the event of its accession to that global organization, pointing out that

the symposium witnessed Submission of working papers by many specialists from various agencies as well as the Ministry of Commerce.

Antoine believes that Iraq cannot live in isolation from international economic organizations, such as the World Trade Organization, and

Iraq should use the tools of cooperation with that organization, which represents one of the basic tools that constitute a global economic center of gravity, pointing out that

Iraq has gained good experiences over the past five years. The past ten years after he entered as an observer member in that organization, which is one of the main bodies of the United Nations.

Despite the gains that Iraq can reap from joining the WTO, especially since it includes 164 original members and 25 observer members, expert Antoine believes that Iraq is not ready at the present time to join, pointing out that

this is due to the need to adapt many laws that It should be reformulated to comply with the requirements of accession,

in addition to the fact that the country is currently not productive and imports most of its needs from abroad.

In order to complete the requirements for joining the WTO, Antoine urged the need to fully develop the productive reality, especially the industrial, agricultural, tourism and services, to keep pace with the requirements and laws of the Trade Organization,

otherwise Iraq will be a large open market for selling the products of other member states, and this matter will greatly affect the productive sectors and impede the development Industry and agriculture.

He explained that many of the participants in the symposium agreed on the need for Iraq to continue as an observer member to complete the accession process in the future and after fulfilling all the requirements that qualify the country to be a producer and an exporter and not an exporter. expendable only.

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