Expectations of Iraq’s accession to the WTO in two years

Expectations of Iraq’s accession to the WTO in two years

Date: Monday 04/06/2012 8:15

 Baghdad / range 
 most likely a member of the Economic Committee in Parliament MP Amer Jassim winner, Iraq’s accession to the WTO during the next two years, confirming the presence of several obstacles have made ​​Iraq away from the world trade market.

The winner (of the Agency news): The Iraq’s accession to the WTO needs to stabilize the economic and political in the country, noting there are constraints have made ​​Iraq away from her Ktzbzb the local currency against hard currencies as well as the lack of resolution of the project to delete the three zeroes from the currency. He added: that non-rising standard of living of the Iraqi people as it takes to cancel the ration card was also blocked the entry of Iraq into the WTO, because the market of world trade does not recognize the government support being linked to other countries and the ration based on government support financially.

He continued that the bilateral differences between the Governments of Arbil and Baghdad in respect to oil and gas also deprived Iraq of accession, in addition to the unstable political situation in the country, all of which made ​​Iraq the World Trade away, saying it needs to be enough time maybe two years in order to be eligible to Iraq to join the WTO.And established the World Trade Organization in 1995, and is one of the smallest organizations the world lived as the WTO is the successor to the General Agreement on Tariffs and Trade (GATT), which was established in the wake of World War II, and its primary goal is to help the flow and trade flow smoothly and freely. Include the World Trade Organization (WTO) more than (140) members representing more than (90%) of world trade.

Source: almadapaper