Accession To WTO Is A Strategic Step.

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Direct From The SANDBOX Report.

Asseccion To WTO Is A Strategic Step.

Treat as rumors.  Not verified.  Your opine.

 

 

FROM IRAQI SOOURCES:     Minister Of Trade: Iraq's Accession To The WTO Is A "Strategic Step"
ARTICLE:  The Ministry of Trade confirmed, on Tuesday, that Iraq's accession to the World Trade Organization is a "strategic step."

Ministry spokesman Mohammed Hanoun told Mawazine News that "Minister of Trade Atheer Al-Ghurairi announced today that Iraq has made significant progress in its accession process to the WTO.

 

"Hanoun added that "the minister explained that the national team responsible for completing the accession requirements has completed answering more than 450 technical questions submitted by the organization's members, which reflects Iraq's serious commitment & transparency in dealing with the requirements of this important int'l process."

Hanoun confirmed that the minister indicated that "the national team is fully prepared for the next round of meetings with the organization's General Secretariat and members of the working groups & will represent Iraq with a unified position based on a national economic vision that seeks disciplined integration into the global economy."

 

+The minister also noted that "accession to the WTO constitutes a strategic step to support the business environment, stimulate investment & develop productive sectors, especially industrial & agricultural, thus enhancing Iraq's economic position regionally & internationally."

Hanoun concluded, "The Minister reiterated that the Ministry of Commerce, in coordination with relevant ministries & institutions, will continue its technical & diplomatic efforts to ensure the best results in the service of the supreme national interest." 

 

A Government Advisor Explains The Importance Of Increasing The Link Between Mineral Investment & The Development Of Manufacturing Industries.

The PM's Financial Advisor, Mazhar Mohammed Salih, explained today, Wednesday, that Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector, while stressing the importance of increasing the link between mineral investment & the development of national manufacturing industries.

Salih said in a statement followed by Mawazine News that "Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector, a sector that has been neglected for decades.

 

The government has signed memoranda of understanding with reputable int'l companies in the fields of mineral exploration & investment, especially in the fields of phosphate, sulfur, lithium & copper.  This is within the framework of the strategic directions of the Iraqi government program to diversify sources of national income & optimally exploit the country's wealth."

He added, "Investment in the mining sector will contribute to attracting billions of dollars in fields ready for development, such as sulfur, phosphate, lithium & other minerals."

 

He pointed out that "Iraq ranks 1st in the world in terms of the concentration of natural resources per square kilometer & 9th in the world in the value of various natural resources, with an estimated value exceeding 16 trillion USD, according to published global estimates."

The Various Reserves Of Land Wealth Constitute A Diverse Stock Of Minerals, Foremost Among Which Are:

1st Is Phosphate:

its reserves are estimated at more than 10 billion tons & our country is 2nd in the world in terms of reserves, & is concentrated in the Akashat area in Anbar Governorate. 

 

2nd Is Free Sulfur:

Our country enjoys large reserves in Mishraq in Nineveh Governorate, which is considered one of the largest free sulfur fields in the world. 

 

The 3rd Is Silica:

in the Najaf region and western Iraq, and is used in the glass, electronics, and semiconductor industries.  It is one of the most important & purest reserves in the world, according to published int'l estimates."

He continued: "Likewise, iron, manganese, copper & gold are distributed across various regions of Iraq, especially in the Kurdistan Region & the western & central borders, except for southern Iraq, which possesses vast reserves of other rare natural resources."

He pointed out that "the policy of diversifying the national economy through the extraction and processing of mineral resources for national industries & then adopting their export by maximizing (value-added chains) in manufacturing or semi-manufacturing industries, will add at least 10 percent to the GDP in the 1st phase."

He pointed out that "the percentage will then increase to form, over time, one of the pillars of diversifying national income sources, especially if the link between mineral investment and the development of national manufacturing industries grows, such as fertilizer, aluminum, glass, electronics & battery industries related to renewable energy.

 

In addition to the introduction of foreign capital, advanced technology & digital services, the provision of national job opportunities & investment in the Iraqi people as a productive national energy."

 

Headed By The PM, The Higher Committee For Reconstruction & Investment Approves Several Projects.

Headed by the PM, the Higher Committee for Reconstruction & Investment approves several projects.