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International Trade Center to / NINA /: There are no financial consequences for Iraq's accession to the World Trade Organization Monday 11 July 2022 15:34 | EconomicNumber of readings: 212 International Trade Center to / NINA /: There are no financial consequences for Iraq's accession to the World Trade Organization (ninanews-com.translate.goog) Baghdad / NINA / - The International Trade Center confirmed that there are no financial consequences for Iraq's accession to the World Trade Organization to be part of the international system in various vital sectors. And the commercial policy coordinator at the International Trade Center, Israa Al-Jabari, said in a statement to the National Iraqi News Agency ( NINA "Iraq's accession to the World Trade Organization to be within the international lobby for the sectors of economy, agriculture and industry, requires harmonizing the local laws and policies in force with all the regulations and laws approved by the WTO ". She explained, "The organization is responsible for managing and regulating the trade, agricultural and economic policy operations of all member countries." And she added, "If Iraq wants to deal with any country from this group, the agreements, policies and local laws must keep pace with global development, which is supposed to be present in all member states of the organization," indicating that "the World Trade Organization will, in the event of Iraq joining it, , regulating trade, economic and agricultural policy, and we will have laws organizing to deal with other countries in a way that guarantees Iraq’s right as a member state in this organization.” And about the possibility of the WTO’s assistance to Iraq in combating corruption and recovering smuggled money, she explained that “the harmonization of Iraqi laws with the WTO work agreements and the application of modern legislation will eliminate a large part of corruption.”/ End 5
