Expert: Iraq needs to develop all sectors of economic to enter the World Trade Organization

Expert: Iraq needs to develop all sectors of economic to enter the World Trade Organization

On: Tuesday 17/7/2012 9:59

Baghdad (news) .. Proposed economic expert Abdul Rahman 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.
said the star (of the Agency news) said on Tuesday: 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 expanded includes a selection of experts and specialists in the economic field to discuss how Iraq’s accession to the WTO and gain 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 to stop treated by industrial and deteriorating infrastructure. and founded the World Trade Organization in 1995, and is one of the smallest organizations the global age, 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 membership of the WTO more than (140) members representing more than (90%) of the WTO. / Finished / 8. d. Q /
Source: ikhnews