WTO NEWS

[Damhedelivers]

* CNH: Iraq meets the requirements for membership in the WTO

Currency Newshound Commentary: The title to the article suggests Iraq has met its application objectives in order to become a full member of the WTO.

The WTO has asked Iraq to work toward its development in the private sector (manufacturing, agricultural, etc) so as to compete equally with other WTO members once a full member which logically makes sense. Therefore (according to this article) Iraq is set for full membership but it must improve its private sector for future trade prior to becoming a member.

Iraq has been working dilegently on its private sector development over the past 6 to 12 months.

The United States is working directly with Iraq (according to this article and others) in order to ease Iraq into WTO full member status.

[steveo]

very positive news but sounds like more time is needed for full member.........

[rags2riches4life]

Vietnam is part of WTO, have been for years. Their currency has been the same for years, in fact it has went down in value. Just b/c Iraq is a member of WTO does not mean they will RV or RI there currency.

[shiFT_yourworld]

Vietnam is part of WTO, have been for years. Their currency has been the same for years, in fact it has went down in value. Just b/c Iraq is a member of WTO does not mean they will RV or RI there currency.

100 percent true.

However, there is still a bigger chance they will RV being in the WTO then not being in the WTO. All in all good news for us investors regardless if its done immediately.

[tjmunson]

Vietnam is part of WTO, have been for years. Their currency has been the same for years, in fact it has went down in value. Just b/c Iraq is a member of WTO does not mean they will RV or RI there currency.

Please don't compare Iraq to any other country in the world. Iraq is the goose that laid the golden egg and the world knows it. Right now the world needs Iraq and it's potential wealth a lot more than Iraq needs us.