Dangers of Iraq's accession to the WTO

[pops]

Experts warn of the dangers of Iraq's accession to the WTO

Search the World Trade Organization

14.01.2011

Hassan Rashid

Despite the wide openness to the world that experienced a change in Iraq since 2003 after decades of isolation, but the external economic relations are still experiencing a clear stand-off for many reasons, foremost of which is economic recession.

This has prompted the faltering, many observers of the economic to the firing of warnings about the dangers of Iraq's accession as it now stands to the World Trade Organization (wto), pointing to the need to pass the decision to join through a process of comprehensive rehabilitation of the Iraqi economy to the levels of infrastructure, legislation and vocational training for workers.

The Chairperson of the Finance Committee held in the former House Alaa al-Sadoun said in an interview to Radio Free Iraq that Iraq's accession to the WTO will hold the Iraqi economy can not stand him, explained that the Iraqi economy is not qualified in any way for the integration of the global economy.

The accession to the WTO, a major objective of many national economies in the world because of the advantages achieved by this accession of integration into the global economy, and provide great opportunities for investment, as well as find markets for their products, but said the operation was linked to the size and nature of the weapons competitive owned by the national economy , to enter the global market partner and a competitor, which is not available for the Iraqi economy at this juncture.

The economist said the Iraqi Bassem Jamil Antoine that Iraq has nothing to issued to the world now and it imports more than (85%) of its food basket, accusing the advocates of Iraq's accession to the WTO, ignorance of the reality of the Iraqi economy.

And that the biggest challenges that carried Iraq's accession to the WTO on the issue of unemployment, which is still a challenge economically, politically and socially to the Iraqi government, as explained by director of research and studies in the Ministry of Labour and Social Affairs, the Crown Abdul Jalil

http://www.iraqhurr.org/content/article/2276200.html

[Jazzy baby]

Thanks for the post

[hopefullbk]

I will look for the info myself but maybe someone knows first hand what the unemployment rate is currently in iraq?

thanks for the post pops, interesting read.

Edited January 14, 2011 by hopefullbk

[jphillips]

Thanks for the post, but I mean...um....DUH! The country is just now emerging from a war, the government is still in the process of being put into place, the streets are still torn from the ravages of terrorism and the economy just had sanctions lifted and is coming out of bankruptcy. What does the author and/or WTO expect? Roses? This economy should be integrated into the WTO immediately. Yesterday is not soon enough. The sooner they are able to entrench a capitalistic economy, the stronger the government will be against fanaticism and terrorist enmity.

[florida42]

I will look for the info myself but maybe someone knows first hand what the unemployment rate is currently in iraq?

thanks for the post pops, interesting read.

SOMEWHERE IT SAID IT WAS AT LIKE 68% BUT IM NORT SURE

[hopefullbk]

SOMEWHERE IT SAID IT WAS AT LIKE 68% BUT IM NORT SURE

Yea, I found that too. Amazing if true. Thanks for your response.

[harry2299]

Thanks for the post, but I mean...um....DUH! The country is just now emerging from a war, the government is still in the process of being put into place, the streets are still torn from the ravages of terrorism and the economy just had sanctions lifted and is coming out of bankruptcy. What does the author and/or WTO expect? Roses? This economy should be integrated into the WTO immediately. Yesterday is not soon enough. The sooner they are able to entrench a capitalistic economy, the stronger the government will be against fanaticism and terrorist enmity.

I agree 100%, the sooner the better.

[TimS]

Thanks for the post, but I mean...um....DUH! The country is just now emerging from a war, the government is still in the process of being put into place, the streets are still torn from the ravages of terrorism and the economy just had sanctions lifted and is coming out of bankruptcy. What does the author and/or WTO expect? Roses? This economy should be integrated into the WTO immediately. Yesterday is not soon enough. The sooner they are able to entrench a capitalistic economy, the stronger the government will be against fanaticism and terrorist enmity.

Couldn't have said it better myself...bravo

[quadraph0nic]

actually this might be good.

IRAQ, RV NOW and then...we'll let you join!