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**Iraq is NOW eligible to enter the World Trade Organization***

easyrider

By easyrider,
in Iraq & Dinar Related News

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easyrider Newbie

easyrider

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Economists assert: Iraq is now eligible to enter the World Trade Organization


Posted 16/03/2014 05:35 PM

Baghdad / follow the Orient: - increased the votes to claim Iraq's accession to the World Trade Organization, as part of the phase transformation to the capitalist system and its openness. And fulfill its obligations to the international community made ​​by the same signing of the Charter of the International Covenant. 

since said economic analyst Abbas Ghalibi that the economic environment in Iraq are not eligible for entry into the WTO because of the laws that governed which does not keep pace with the evolution of the global economy. 

added Ghalibi in a press statement: "The Iraq is not qualified now to enter the World Trade Organization because of its transformation into what is known as a market economy, despite the positive effects that may affect the economy in Iraq if it were to enter the WTO, and that the government has taken a number of measures and controls that facilitate the way for it to enter to the WTO, including the enactment of important laws contribute to the development of the Iraqi economy. " 

and pointed out that "these laws to combat unemployment in Iraq, as well as the fight against inflation, which hit the Iraqi economy during the past period, and to work on the development of the private sector, which could indicate all these reforms that Iraq began to turn into a market economy, which Stahlh to enter the World Trade Organization. " 

and between Ghalibi, "he must find a favorable environment for Iraq's accession to the World Trade Organization, especially since Iraq observer member in this organization, and that all the current circumstances serve Iraq to join but after it is activated all the laws that will be the first to contribute to the activation of its economy and make it parallel to the global economy. " 

For his part, the economic analyst Zuhair al-Hassani, said that "Iraq's accession to the WTO will be a weapon, which is struggling by the shoddy goods to enter Iraq." Hassani said in a press statement: "The Iraqi constitution provides for the development of the private sector, which can not be done only with the help of global investment, and therefore, the survival of Iraq outside the WTO will deprive us of the entry of foreign investment for the development of the Iraqi economy, and that Iraq can not be closes on itself because the infrastructure experienced by Iraq in the past were built by companies sober and because of the passage of time it became Mthrih. "and" The Iraqi market is open on all sides, and this thing has caused the entry of goods bad of all States, which is not able to Iraq to take any action on these goods entering for its domestic market , so Iraq's accession to the World Trade Organization gives us the right to fight flooding the Iraqi market goods shoddy through regulatory agencies created by the organization in all countries of the world. "and pointed out that" Iraq's accession to the World Trade Organization, which is an observer member which is carried out through reforms economic through the activation of a number of laws to combat unemployment and to combat inflation in the Iraqi economy and work on the development of the private sector. " And between, that "Iraq's accession to this organization is likely to bring some advantages such as opening international markets to Iraq and to attract foreign investment and integration with the global economy as well as the opening up front capital and integration with global financial markets." 

as she analyzed the economic peace Sumaisem, that "Iraq's accession to the WTO will facilitate the integration of Iraq into the global market. " She Sumaisem in a press statement: "The Iraq's accession to the WTO will help Iraq to create links with global destinations and major companies could have to create an investment climate for these companies to come to Iraq for investment and the productivity of the base configuration." She pointed out that "Iraq does not have laws or legal environment in order to join the World Trade Organization, and that these laws are not eligible in order to make Iraq transformed to a market economy, which contain several features the first of which is to join the WTO agreement, which runs Iraq observer member out . "It showed, that" if he wants Iraq to join the World Trade Organization that it seeks to improve the status of the economy and change the laws that will turn Iraq into a market economy. "


http://www.almashriqnews.com/inp/view.asp?ID=63822

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gregp Mentor

gregp

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Notwithstanding that the article is hard to understand........it indicates that Iraq IS NOT a candidate for the WTO?? what say you..........

Read it again. It states in the past, Iraq was not eligible. thanks.

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Gunshow2425 Newbie

Gunshow2425

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Economists assert: Iraq is now eligible to enter the World Trade Organization

Posted 16/03/2014 05:35 PM

Baghdad / follow the Orient: - increased the votes to claim Iraq's accession to the World Trade Organization, as part of the phase transformation to the capitalist system and its openness. And fulfill its obligations to the international community made ​​by the same signing of the Charter of the International Covenant. 

since said economic analyst Abbas Ghalibi that the economic environment in Iraq are not eligible for entry into the WTO because of the laws that governed which does not keep pace with the evolution of the global economy. 

 

 

Read it again. It states in the past, Iraq was not eligible. thanks.

 

added Ghalibi in a press statement: "The Iraq is not qualified now to enter the World Trade Organization because of its transformation into what is known as a market economy, despite the positive effects that may affect the economy in Iraq if it were to enter the WTO, and that the government has taken a number of measures and controls that facilitate the way for it to enter to the WTO, including the enactment of important laws contribute to the development of the Iraqi economy. " 

and pointed out that "these laws to combat unemployment in Iraq, as well as the fight against inflation, which hit the Iraqi economy during the past period, and to work on the development of the private sector, which could indicate all these reforms that Iraq began to turn into a market economy, which Stahlh to enter the World Trade Organization. " 

and between Ghalibi, "he must find a favorable environment for Iraq's accession to the World Trade Organization, especially since Iraq observer member in this organization, and that all the current circumstances serve Iraq to join but after it is activated all the laws that will be the first to contribute to the activation of its economy and make it parallel to the global economy. " 

For his part, the economic analyst Zuhair al-Hassani, said that "Iraq's accession to the WTO will be a weapon, which is struggling by the shoddy goods to enter Iraq." Hassani said in a press statement: "The Iraqi constitution provides for the development of the private sector, which can not be done only with the help of global investment, and therefore, the survival of Iraq outside the WTO will deprive us of the entry of foreign investment for the development of the Iraqi economy, and that Iraq can not be closes on itself because the infrastructure experienced by Iraq in the past were built by companies sober and because of the passage of time it became Mthrih. "and" The Iraqi market is open on all sides, and this thing has caused the entry of goods bad of all States, which is not able to Iraq to take any action on these goods entering for its domestic market , so Iraq's accession to the World Trade Organization gives us the right to fight flooding the Iraqi market goods shoddy through regulatory agencies created by the organization in all countries of the world. "and pointed out that" Iraq's accession to the World Trade Organization, which is an observer member which is carried out through reforms economic through the activation of a number of laws to combat unemployment and to combat inflation in the Iraqi economy and work on the development of the private sector. " And between, that "Iraq's accession to this organization is likely to bring some advantages such as opening international markets to Iraq and to attract foreign investment and integration with the global economy as well as the opening up front capital and integration with global financial markets." 

as she analyzed the economic peace Sumaisem, that "Iraq's accession to the WTO will facilitate the integration of Iraq into the global market. " She Sumaisem in a press statement: "The Iraq's accession to the WTO will help Iraq to create links with global destinations and major companies could have to create an investment climate for these companies to come to Iraq for investment and the productivity of the base configuration." She pointed out that "Iraq does not have laws or legal environment in order to join the World Trade Organization, and that these laws are not eligible in order to make Iraq transformed to a market economy, which contain several features the first of which is to join the WTO agreement, which runs Iraq observer member out . "It showed, that" if he wants Iraq to join the World Trade Organization that it seeks to improve the status of the economy and change the laws that will turn Iraq into a market economy. "

http://www.almashriqnews.com/inp/view.asp?ID=63822

 

I think its contradicting if you ask me.

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Shabibilicious Mentor

Shabibilicious

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Notwithstanding that the article is hard to understand........it indicates that Iraq IS NOT a candidate for the WTO?? what say you..........

 

My reading "right to left" skills are not the sharpest.......that said, it appears you are correct.  Iraq is NOT eligible for membership to the WTO.   :peace: 

 

GO RV, and NO BV

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Butifldrm Apprentice

Butifldrm

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Posted (edited)
Going Back Down Memory Lane,  So according to the following articles, has Iraq met all of these requirements?  
 
 
Iraq needs to be a member of WTO

Posted on 13 April 2010. Tags: WTO

 

“Iraq needs a new study for its economic system to be a member in the World Trade Organization (WTO),” an official in the Iraqi Finance Ministry said today.

 ”The Iraqi committee gave its final results about the Iraqi acquisition of the membership in the World Trade,” The Economic Advisor in the Finance Ministry, Abdul Alim Kadhim, told The Independent National News Agency of Kurdistan (AK news)

“The Committee called for reducing the difference between the U.S. dollar and the Iraqi dinar, activate the role of the private sector, open the world markets in Iraq with customs on imported goods that commensurate with the economic laws applied in the country,” he added

The Iraqi team to annex Iraq to the WTO was formed on December 13, 2004, and it presented a memorandum to join the organization on September 16, 2005. Iraq became an observer in the WTO on January 24, 2007, and the meetings of the first round of the Working Group began in 2007, followed by a second round in 2008, and the third and last round was in 2009.

 ”The organization called Iraq to pay half of its debts, in order to be a member in the WTO which will improve the economic and commercial situation in the country,” Kadhim pointed out.

He stressed on the need of improving the Iraqi economy according to modern economic frameworks found at the present time among the economically developed countries.

The World Trade Organization WTO was formed according to Bretton Woods convection at the end of 1944 in the United States, accompanied by the formation of the International Monetary Fund and the World Bank.

It includes approximately 150 countries and has several functions that aim to remove the distortions found in the trade patterns between the States and the establishment of multilateral trading system more stable and more opened and has the ability to predict, in addition to addressing the customs and non customs barriers, as well as addressing the communication problems, building services, and address the matters pertaining to the international investment, and resolve the international trade disputes.

It also aims to expand the exchange of goods through the reduction of customs and opening world markets for goods and services (except oil).

http://www.iraq-businessnews.com/2010/04/13/iraq-needs-to-be-a-member-of-wto/

 
LEGAL ASPECTS OF THE IMF/WTO RELATIONSHIP: THE FUND’S 
 ARTICLES OF AGREEMENT AND THE WTO AGREEMENTS 
 
 
Differences in Scope and Exercise of Mandate 
 
Some commentators have questioned whether the exercise of Fund jurisdiction has 
facilitated the liberalization of the international exchange and trade system. First, trade 
retaliation (or the threat thereof) is perceived as more effective in getting countries to 
modify objectionable measures than the exercise of Fund jurisdiction.20 Also, while the 
Fund’s Articles of Agreement prohibit restrictions on payments and transfers for current 
international transactions (Art. VIII), a “transitional” provision (Art. XIV) permits a member 
to choose to retain restrictions that were in place when it joined the Fund. This 
“grandfathering” provision has been seen as unduly protecting members that maintain 
exchange restrictions. As discussed more fully in the jurisdictional section below, however, 
Article XIV has limited scope, and the staff has taken a more active approach in the past 
five to ten years to encouraging members to forgo the protections of Article XIV (in Fund 
parlance, “accepting Article VIII status”).21
 
Edited by Butifldrm
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R Veyron Newbie

R Veyron

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Yes, the whole "not" and "now" seems to be a bit confusing and indeed mean two entirely different things . It does point to how Iraq appears to be quite motivated and wants to prove itself in the world markets and if that be the case, they need to get up out of the play pin and get with it.

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jeepguy Mentor

jeepguy

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Posted

thanks  for  the articles  and  the break downs  high lighted in red   a big help in speeeeeeed   reading   :peace:  I remember  when Iraq  went into  the w-t-o  as  an observer mode ,  like 4 years ago  or according to  buterifldrm  post  2004 2007   time lines  ,    now  with these numbers   2004   too 2014   that  would be the 10 year    mode  they might  be talking about   stay 10  years  and  will not  have to do the other  deals !    and usually if they put  a  post out  a couple of times  the  3 rd  post  will mean  it is  done  or  in weeks  will be  finished  -------  thanks for the news  easy  

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Big Newby Newbie

Big Newby

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Posted

Iraq is NOT a member of the WTO.  In fact there is no simple "Invitation" process for countries to join.  Please see the link below for the status of Iraq in the WTO Membership process:

 

http://www.wto.org/english/thewto_e/acc_e/a1_iraq_e.htm

 

You can see March of 2010 saw the completion of one of the WTO Membership stages by Iraq...nothing since posted on the WTO website.  HOWEVER, the details of the status of Iraq's WTO Membership process is NOT public, so even though there are not more recent notes about their progress towards WTO membership, we do NOT know the specifics of what HAS and HAS NOT been completed, nor what is left.

 

I for one have felt for some time that WTO Membership in no way limits Iraq's ability to normalize its currency situation and value.  I'm certain as far as the WTO countries who would need to confirm Iraq's membership at some point would definitely be impacted by Iraq's fulfilling the WTO membership process as well as normalizing its currency, and positively.

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Zigs Newbie

Zigs

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Posted (edited)

For one, in order to get in, a country needs another country to sponsor them and work through the process.  It took China years to get in and the US sponsored them.  The last largest country to get in was Russian in 2012.

So as far as currency goes the WTO means nothing.

http://en.wikipedia.org/wiki/Member_states_of_the_World_Trade_Organization

There are three tables of countries, 1st one is all the countries who are in the WTO.  It states dates when they were granted in officially.  The 2nd one is all countries in process.  Iraq is one of them.  In 2004 they were granted observer status, after 5 years they begin the negotiation accession, which is what Iraq is doing.  It takes time, Iraq has their bucket list they know what's going on.  It appears they have begun checking their list and moving the process, how fast is up to them.

Now if you look at the last table, these are UN countries who do not feel the need or want to be part of the WTO so far, they are neither members nor observers.

The WTO has nothing to do with currency if you look at the countries in the club.  Look at Vietnam....good example.  No this is about the WTO supervising and liberalizing international trade.  Regulating trade between international countries and sometimes negotiating trade agreements, as well as involvement with disputes on trade agreements.

Now if anyone can show me in order to get into the WTO you need an international currency, please advise.  So stop looking to this as an advancement to an RV.  That dang dong, tells us you can have a currency for nothing and be in the WTO, while their currency is still not easily convertible currency, and they did not have to have international currency to get in, let alone RV it.  Just some thoughts.

Edited by Zigs
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Maggie123 Newbie

Maggie123

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For one, in order to get in, a country needs another country to sponsor them and work through the process.  It took China years to get in and the US sponsored them.  The last largest country to get in was Russian in 2012.

So as far as currency goes the WTO means nothing.

http://en.wikipedia.org/wiki/Member_states_of_the_World_Trade_Organization

There are three tables of countries, 1st one is all the countries who are in the WTO.  It states dates when they were granted in officially.  The 2nd one is all countries in process.  Iraq is one of them.  In 2004 they were granted observer status, after 5 years they begin the negotiation accession, which is what Iraq is doing.  It takes time, Iraq has their bucket list they know what's going on.  It appears they have begun checking their list and moving the process, how fast is up to them.

Now if you look at the last table, these are UN countries who do not feel the need or want to be part of the WTO so far, they are neither members nor observers.

The WTO has nothing to do with currency if you look at the countries in the club.  Look at Vietnam....good example.  No this is about the WTO supervising and liberalizing international trade.  Regulating trade between international countries and sometimes negotiating trade agreements, as well as involvement with disputes on trade agreements.

Now if anyone can show me in order to get into the WTO you need an international currency, please advise.  So stop looking to this as an advancement to an RV.  That dang dong, tells us you can have a currency for nothing and be in the WTO, while their currency is still not easily convertible currency, and they did not have to have international currency to get in, let alone RV it.  Just some thoughts.

 

Good Post Ziggie... and it's very nice to see you... Happy St Patty's Day To You! :)

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Maggie123 Newbie

Maggie123

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Posted (edited)

Good to see you Maggie and a Happy St Patricks to you!  Wearing green I hope.

 

I am now... Thanks to the lovely emerald you gave me. :D

 

Again I appreciated your post very much... it made perfect sense and cleared up a lot of confusion.

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