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Found 4 results

  1. Experts discuss the obstacles to Iraq's accession to the World Trade Organization Economical 2023/02/28 Baghdad: Haider Fleeh Al-Rubaie A number of experts and specialists in economic affairs discussed ways to adapt the economic laws that qualify Iraq to enter the World Trade Organization, reviewing at the same time the pros and cons of joining the WTO, while a number of specialists believe that Iraq is not ready at the present time to be a full member. In that organization, because it relied heavily on imported products. The Ministry of Commerce announced earlier a plan to complete the requirements for joining the World Trade Organization, stressing that this year will witness the completion of technical files in terms of goods, services and intellectual property, in addition to holding official meetings at the organization's headquarters in Geneva. The WTO is an intergovernmental organization that "regulates and facilitates" international trade between nations. It officially began its operations on December 1, 1995 in accordance with the Marrakesh Agreement. It is the largest international economic organization in the world. According to Wikipedia, it includes 164 member states and represents what exceeds 98% of world trade and world traded domestic product, and works to facilitate global trade in goods, services, and intellectual property between participating countries by providing a framework for negotiating trade agreements that usually aim to reduce or eliminate tariffs, supply quotas, and other trade barriers. During the workshop held by the Ministry of Trade in cooperation with the Iraqi Businessmen Union and in the presence of a number of representatives of economic unions, the experts reviewed the stages of Iraq's accession to the World Trade Organization and the obstacles that faced the Ministry of Trade in previous times, especially commodity dumping and its impact on private sector activity and the procedures for addressing it. In addition to providing an overview of the tasks of Iraq's international trade in promoting local products and registering private companies. Member of the Businessmen Union, economist Basem Jamil Antoine, told Al-Sabah that "the symposium focused on discussing ways to enhance Iraq's accession to the World Trade Organization, and to stand on the most important positives that will be reflected in Iraq in the event of its accession to that global organization, pointing out that the symposium witnessed Submission of working papers by many specialists from various agencies as well as the Ministry of Commerce. Antoine believes that Iraq cannot live in isolation from international economic organizations, such as the World Trade Organization, and Iraq should use the tools of cooperation with that organization, which represents one of the basic tools that constitute a global economic center of gravity, pointing out that Iraq has gained good experiences over the past five years. The past ten years after he entered as an observer member in that organization, which is one of the main bodies of the United Nations. Despite the gains that Iraq can reap from joining the WTO, especially since it includes 164 original members and 25 observer members, expert Antoine believes that Iraq is not ready at the present time to join, indicating that this is due to the need to adapt many laws that It should be reformulated to comply with the requirements of accession, in addition to the fact that the country is currently not productive and imports most of its needs from abroad. In order to complete the requirements for joining the WTO, Antoine urged the need to fully develop the productive reality, especially the industrial, agricultural, tourism and services, in order to keep pace with the requirements and laws of the Trade Organization, otherwise Iraq will be a large open market for selling the products of other member states, and this matter will greatly affect the productive sectors and impede the development Industry and agriculture. He explained that many of the participants in the symposium agreed on the need for Iraq to continue as an observer member to complete the accession process in the future and after fulfilling all the requirements that qualify the country to be a producer and an exporter and not an exporter. expendable only.
  2. WTO chief warns of 'global recession coming' 2022-09-28 01:37 Shafaq News/ The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, warned today, Wednesday, that the world is on the verge of a "global recession" at a time when it is facing "multiple crises." At the opening of the organization's annual general forum in Geneva, Okonjo-Iweala said that expectations had previously indicated "a recovery in the post-epidemic stage...but now we have to face signs of an upcoming recession," stressing that it is a "global recession." She stressed, "I think this is what we are heading towards. But at the same time, we have to start thinking about recovery. We have to return to growth," noting that the situation "is very difficult as the world faces multiple crises, including insecurity, climate shocks, and high food prices, These are simultaneous external shocks that put the world in a fragile position." She added, "We have to think about what we have to do, in the policies that must be followed to return to growth," considering that the most urgent matter in the short term is to know "how to ensure food security" in the world, expressing its concern also about issues of access to energy. She also stressed the importance of central banks determining whether inflation is caused by strong demand or structural causes on the supply side, warning that “if it is related to factors linked to supply that cannot be controlled, then continuing to increase interest rates will have the opposite effect. ".
  3. Iraq is preparing a plan to join the World Trade Organization in early 2021 11/27/2020 Mubasher: The Iraqi Ministry of Trade announced today, Friday, the preparation of a plan to join the World Trade Organization, stressing that the accession will contribute to increasing national production and providing job opportunities. The ministry told the Iraqi News Agency, "INA", today, that it has prepared a plan to join the World Trade Organization, represented by the restructuring of the national committee concerned with accession, as well as the sub-committees emanating from it, to complete the accession files, as well as to expedite the legislation of laws, and prepare draft laws related to the organization's agreements. . She explained that the draft laws such as the National Product Protection Law, the Consumer Protection Law, the Competition and Monopoly Prevention Law, and the Customs Tariff Law. She added that joining the organization has positive repercussions in the long run, as Iraq may not directly reap its fruits, but there will be a strong, integrated Iraqi economy capable of competing with the economies of the member states of the organization in general, and the economies of neighboring countries in particular. And she added, that accession would allow Iraq to enter into fair competition for goods and services with other member states. She emphasized that this measure will contribute to increasing national production and providing job opportunities for the unemployed, and thus 👉 there will be a noticeable increase in per capita income and total output. She indicated that the Ministry is coordinating with all ministries and private sector entities to complete the files of accession, represented by the completion of the legislative implementation plan, which includes Iraqi laws and draft laws that affect, directly and indirectly, economic activities, and a preliminary draft of this plan has been completed. .
  4. Iraq's accession to the World Trade Organization enhances exports 07/4/2018 12:00 am Will contribute to the arrival of our products to foreign consumer Baghdad / Farah pumice in international trade called for a specialist to coordinate efforts between the state institutions to contribute to the accession to the World Trade Organization, returned completion of this file , " an Iraqi victory , " a new will be added to what has been achieved in recent years. This came a day after the Ministry of Commerce announced the convening of the 33rd meeting of the National Committee on the accession of Iraq to the World Trade Organization in the presence of members of the Committee representatives of Iraqi ministries and relevant bodies. "The accession of Iraq to this organization will contribute to the export of Iraqi goods to international markets, that is, the national product will reach the consumer in all parts of the world," said specialist Saad Fayyad. The World Trade Organization (WTO), based in Geneva, Switzerland, has the primary task of ensuring smooth, smooth and free flow of trade. It is the only international organization dealing with international trade law. It includes 164 member states and 20 observer countries Iraq. "The state institutions must work with one team to join the organization, and work in several files, most recently joining the marshes to the list of world heritage and lift the ban on football stadiums of Iraq and others." "If the government joins the organization, it will achieve a new victory that will be added to what has been achieved in recent years," he said. "There are good efforts in this regard, but it needs more moves at various levels." He added that "the organization will provide appropriate protection to the market to suit different levels of living and development, while creating an international competitive position of trade based on economic efficiency in the allocation of resources, in addition to the full employment of the resources of the world," pointing out that "Iraq needs to gain more confidence from countries The world which began after the victory over terrorism Daashi. " The Undersecretary of the Ministry of Commerce for Economic Affairs Eng. Haitham Al-Khashali, who chaired the meeting on behalf of the Minister of Commerce and Chairman of the Committee, confirmed that "during the 33rd meeting of the National Committee on Iraq's accession to the World Trade Organization held on Tuesday, To review the files in progress and completed files sent to the Secretariat of the World Trade Organization and approved by members of the National Committee. "The results of the informal meeting held in Geneva last November between Iraq and the Chairman of the Working Group on Accession and the most important recommendations that resulted from it were also discussed," he said, adding that " National committees and committees emanating from them to attend meetings, conferences and sessions held by the Organization either in Geneva or in any other country because of the lack of financial allocations with the possibility of finding solutions. For his part, the Director General of the Department of External Relations, Adel Khudair Abbas, Vice-Chairman of the National Committee on Iraq's accession to the World Trade Organization WTO, a summary of the work of the National Committee on accession and the stage reached by Iraq in the accession process and the challenges facing Iraq in this regard. Abbas said that "the meeting also discussed the importance of increasing the negotiating experience of the Iraqi negotiating team and the new members of the National Committee and the committees emanating from it and not to change its members until the completion of its work on the basis of the General Secretariat of the Council of Ministers in this regard as well as discuss the proposal of the financial adviser to the Prime Minister on the establishment of a permanent office in the Ministry The Economic Department to take over the administration and follow up the issue of Iraq's accession to the World Trade Organization instead of the Ministry of Commerce and to express the opinion of the members of the Committee in this regard, where the members of the Committee agreed on the need to keep the file in the Ministry of Commerce and the necessity Ml Ministry of Foreign Affairs as a coordinating with the Ministry of Commerce. http://www.alsabaah.iq/ArticleShow.aspx?ID=155175
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