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Iraq is approaching membership to the WTO; Iraq has a good capacity to support the Iraqi dinar


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Iraq is approaching membership to the WTO; Iraq has a good capacity to support the Iraqi dinar

Iraq is approaching membership to the WTO; Iraq has a good capacity to support the Iraqi dinar Currency News Hound - [11/4/2010]

The head of the Iraqi negotiating with the World Trade Organization, on Tuesday, that the committee reached the semi-final stages with the organization lead to Iraq’s accession to it soon.

The purity of net debt to Kurdistan News Agency (Rn) “The Committee reached the semi-final stages to get Iraq on the World Trade Organization membership, after that was exceeded most of the obstacles faced by the two sides on matters of technical and purely commercial.”

The net that “the obstacle that prevents access to Iraq’s WTO membership is a file of Iraq’s debt, which will hopefully be resolved soon, according to financial strategy, considering.” As he put it.

The net that “the World Trade Organization were previously wary of government plans to support the Iraqi dinar, and elevate it to a value of U.S. dollar and the high differential cash between them,” he said, adding that “Iraq has a good capacity to support the Iraqi dinar, which is qualified to be a member of organization that will support the trade in the country in a clear and consolidates the efforts of the government in the development of trade in the country. ”

The team was Iraqi to join the World Trade Organization was established in December 13 / December 2004, and presented a memorandum to obtain membership of the Organization on 16 September 2005, the adoption of Iraq, an observer in the January 24, 2007, and began the meetings of the first round of the Group work in 2007, followed by a second round of meetings in 2008, then the third round the end of 2009.

Was the establishment of WTO TOW under the Convention on the Bretton Woods end of 1944 in the United States, was established the International Monetary Fund and the World Bank under the Convention itself, the organization has currently approximately 150 countries.

http://www.iraqdirectory.com/DisplayNews.aspx?id=14191

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