Iraq urges sinners to enter world trade

25/07/2012 5: 49 pm



The Iraqi gate – agencies

Attended a number of concerned with regard to economic urgency in implementing a package of decisions that is consistent with the policy of open market, striking that those resolutions would give Iraq WTO membership with maximum speed, and economists had called for during the stay of our Organization in cooperation with the Ministry of trade to identify leading the foul to enter Iraq to WTO, indicating that the delays in the adoption of a number of Iraq economic laws would delay the question of joining and working will decline in business and investment In it, particularly since over two thirds of the evolving global countries involved under the banner of that organization.

The Conference was attended by a large number of stakeholders regard economic and members of the House of representatives and representatives of economic organizations and advisers in the Cabinet.

Chancellor finds in the Prime Minister and Director of our Dr. Abdul Hussein Al-Anbuge to highlight features of the world economy at the moment is the movement of goods, services, capital and information and manpower across national and regional boundaries, these attributes are consistent with the World Trade Organization (WTO), consistent with the new international order, either go within them and are approaching or remain strangers by huddling behind, lose their advantages and at the same time safe disadvantages.

See Al-Anbuge approaching with the view of economy and Investment Committee member of Parliament Abdel Abbas sheyaa, who said that Iraq's accession to the WTO is critical, pointing out that a number of those global organizations now control the world's economies, and the need to accelerate the accession to the WTO.

And speaking of sheyaa pad (morning) to the majority of opinions are representative to join that organization, but those views often invites to the importance that preceded accession prepare fully, through amendment of legislation and organization of the national economy in General, as well as stimulating the private sector, stressing that in the absence of these procedures, the process of accession will not be viable, especially in a legislative guide is diverse and has different production sectors.

Basket of legislation

Sheyaa asserts that Iraq will be joining the World Trade Organization more confidence of investors and global companies, as well as the confidence of the international banks and traders and economists, however, finds that the economic problem sheyaa present which prevent Iraq's transition from a socialist economic system to a free market, but this shift imbalances impeded that he requires a basket of legislation adapted to the new international economic order, stressing that the lack of a pack of new economic laws would hinder the transformation process Towards a free market economy.

Improve investment opportunities

Perhaps the most notable pros join the WTO is very confident breed global investment firms with economic laws, because the process of acceptance by Member States of such organization needs a basket of economic laws that facilitate work and seek to overcome the obstacles to investors, with most of the participants in the Conference emphasized that such a step is important in the future of Iraq, said Iraq's Trade Minister needs a long and continuous cooperation between all concerned, pointing out that his Ministry Strenuous efforts to join the Organization, which he said are very important and necessary in organizing business in the country as measured by what it is in developed countries.

According to Khairallah Hassan babaker speaking for (morning): that Iraq endeavours to engage in that important global economic system would open its market to American member institutions developed country markets under the banner of that organization, as well as the importance of such a step that will bring many important investment companies to Iraq by Member States, as well as actually improve import in accordance with international standards.

Benefits of joining

Turning economic adviser in the Prime Minister Dr. Abdul Hussein Al-Anbuge during his paper presented at the Conference by the Department, to the advantages of accession, and the benefits accruing to both Iraq and the Mediterranean, where remote pointed out that there will be a secure, stable and non-discriminatory for Iraqi exports of goods and services to the markets of 147 Member States in the WTO and would soon become 175 States, as well as provide control over unfair treatment of products and services in the markets of WTO members.

Indicating that the pros join too that there would be a control over unjustified restrictions in other countries and restrictions on exports destined for Iraq, and create an environment conducive to creating productive and service providers an effective Iraqi qualities and competitiveness at the international level and to increase capital investment by Association, as well as the transfer of technology and know-how and expand international distribution chain for producers.

Noting that improvements to overall economic performance, for example, economic growth, productivity, employment of Iraq as a result of increased exports and investments are also highlighted the advantages of the system that would result in increased financial profit as a result of increased investment, economic activities, production, service related activities, trade flows and employment.

Sophisticated economic relations

Al-Anbuge reviewed more of the pros said that Iraq's accession process to the WTO will be accept membership, pointing out that there will be a secure, non-discriminatory wages along with reasonable and appropriate to cross products and carriers through the territory of other Member States.

Stating that accession would testify to the Iraqis (governmental institutions, producers and consumers) to a variety and wide range of products and services of high quality for competitive prices, adding that the Organization will resort to the dispute settlement body of the Organization, which will provide a suitable mechanism for any trade dispute may arise between Iraq and trading partners.

Said Al-Anbuge to notable privileges that will reflect positively on Iraq is to create a more stable international trade relations and that there is greater confidence in doing business with members.

Stressing the need for good governance through the rule of law and predictability, transparency, stability, accountability, the limited discretion, arbitration and judicial appeals for the immediate and appropriate under the accession process.

Join accomplished highlighted files

Iraq has sought to accede to wto several years ago, emerged from the dozens of bilateral meetings between the High Commissioner in Iraq and among representatives of the World Trade Organization, has caused these events carry most files that come a long way towards accession as confirmed by Iraq for (morning), Director of the World Trade Organization in the Ministry of commerce between Salman Akram Tharwat that this Inspector in Iraq were able to accomplish the most demanding world Organization continuously It (the initial offer of goods), and this file is the main necessities required for delivery in order to draw closer to the question of accession is a major technical file called organization implemented since 2008 and has worked to accomplish hard since then.

And the time periods required by Iraq to enter that organization said Salman: the time interval between all different for accession, so that, for example, managed to join Jordan after six years of talks with Saudi lasted 12 years of talks before accession, Russia 18 years, since all those periods depend on the nature and seriousness of the negotiations, saying that if all files requested from Iraq, the process of accession to the WTO will not take long.

WTO and the private sector

Salman finds that the WTO is an important catalyst base class through its conventions relating to goods and services and intellectual property, those points will work together to activate

The Iraqi private sector, particularly industrial and commercial sides, stating that the Organization will provide many of the needs of the private sector through the creation of conferences and workshops and competencies through which this sector will be able to identify sophisticated economic communities and build bridges to connect with companies and businessmen in various Member countries.

He drew the Salman to highlight obstacles to the process of accession to the WTO is an Iraq legacy heavy legislation that does not serve the interest of the economic trend towards open market policy, stressing that present country laws and legislative system and philosophy all economic interests converge centrally, which called for Iraq's accession file-based World Trade Organization (WTO) to harmonize the legislation with WTO agreements, compatibility with SELA member States.

The feasibility of accession

In general it can be said that distribution of negative and positive impacts both among developing countries as a result of the application of the principles of the World Trade Organization is varies from State to State depending on the different economic systems and their production structures and funding, the vulnerability of developing economies as a result of the application of the principles of the Organization depends on two sets of interrelated factors are the degree of openness to international markets and export trade structure and properties of goods and services.

The opening to the largest world markets whenever the application of the principles of the Convention raised the positive effects rather than negative.

As for the composition and characteristics of commercial exports of goods and services, the Convention provided for reductions in fee structure imposed on raw materials within the industry with up to (70 percent) from the previous ratios, semi-processed goods are up between (32 percent _ 47 percent) as for final goods they manufacture from (25 percent _ 43 percent).