Iraq is preparing a plan to join the World Trade Organization in early 2021
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. .