Economic conference on Iraq’s entry into the WTO
Proposed economic expert, Abdul Rahman, the star, holding an economic conference on the possibility of Iraq’s entry into the WTO and to identify mechanisms that qualify to join, adding that the conditions of accession require the presence of development in all economic sectors.
The star said that Iraq needs approximately (10-15) years in order to be eligible to join the World Trade Organization a result of poor infrastructure and increase production costs and scarcity of raw materials used in local industry, as well as weak competition of local products to foreign countries.
He added, must hold an economic conference Extender includes a selection of experts and specialists in the economic field to discuss how Iraq’s accession to the WTO and the gains of international through the development of mechanisms and plans for the advancement of economic sectors and creating sustainable development in the country.
He pointed out: that the WTO recognizes the competition and Iraq today lacks the domestic goods that can compete with foreign goods, as a result of the cessation of industrial and treated by the deterioration of infrastructure.
And established the World Trade Organization in 1995, and is one of the smallest organizations the world lived, it is successor of the General Agreement on Tariffs and Trade (GATT) established in the wake of World War II, and its primary objective is to help the flow and the flow of trade Bslaslh and freedom, including the World Trade Organization more from (140) members representing more than (90%) of world trade.