Home
Iraq presents broad opportunities to attract foreign investment
04/9/2018 12:00 am In the case of accession to the World Trade Organization as an active member Baghdad / Emad Al-Amara One of the most important opportunities that can be provided by Iraq's accession to the World Trade Organization as an active member is to attract foreign investment. The infrastructure of the Iraqi economy has been affected by the series of wars and international sanctions that have lasted more than a decade and the subsequent years have left Iraq needing investment in all fields. A time when local investment is unable to enter the market to meet basic needs. Diversification of the economy between academic and economic d. Ali Mahdi Abbas "in the event that Iraq meets the conditions of accession to the World Trade Organization and its entry as an active member, it will be able to provide an environment attractive to foreign investment and double the volume of foreign trade, and increased investments will help to diversify the economy so that Iraq can not rely on oil as the only source of the budget because oil According to the WTO is not a commodity or a distinct product, as well as Iraq's accession to the World Trade Organization encourages the opening of new markets and opportunities for national products. After 2003, Iraq submitted an application to join the organization as an observer in 2004. The request was unanimously accepted during the meeting of the General Council of the Organization in the same year. After obtaining observer status in the Organization, the National Committee for the accession of Iraq to the Organization was formed, represented by the Ministry of Commerce and a number of concerned institutions, Private sector. In September 2005, the Memorandum of Foreign Trade Regime of Iraq was submitted to the Organization, which included all the details and information concerning the economic and commercial activity of the country. "Iraq had decades of potential in several industries that have a good reputation in foreign markets such as spinning, weaving, leather, cement, petrochemical, food and other industries, as well as agricultural products such as dates and livestock, where foreign markets and exports have been growing continuously," Abbas said. "The economic policies that have been implemented have led to the fluctuation of production and its deterioration on an ongoing basis, which led to the loss of export capacity." One of the most important conditions for joining the World Trade Organization is first to make concessions to tariffs. The WTO requires that the country wishing to join it provide a schedule of concessions containing tariff tariffs that can only be raised in principle in special cases. With a list of controls to be followed in the services sector and includes a list of barriers and conditions in the sectors and professional service activities and a timetable for removal. The third point is the commitment to WTO agreements. Global competition Abbas added that it is possible to restore Iraq's commercial status after joining the Organization and the Iraqi industries to obtain opportunities for development and modernization at a level that makes it competitive internationally. "The accession provides openness to services and provide new opportunities for suppliers of services in the fields of banking, The Organization for the Settlement of Disputes and the Organization of the Organization for the Settlement of Disputes is one of the latest and most effective in international relations because of the adoption of the principle of mandatory trial and the implementation of verdicts. "It is noteworthy that the oil did not have a special agreement in the World Trade Organization Because all the commodity trade agreements focused on reducing high tariffs and removing quantitative restrictions in the importing countries. Oil trade in these countries is subject to customs duties only in a small number, and in very few countries, which is almost exclusively Japan and the United States. Abbas said that "the challenges facing Iraq's accession to the Organization is to modernize the regulations and legislation of new laws and this pursuit must be accompanied by economic reform on a large scale, such as the enforcement of effective laws related to support the national product, because its presence shows the government's position on the subject of support to the private sector and identify sectors Which the government will continue to support after joining the organization. " Commercial institutions stressed the importance of activating the role of regulatory institutions related to quality, health regulatory institutions and financial institutions such as tax, customs, legal institutions and social security institutions with the need to provide detailed statistics such as Iraq's share in international trade or the number of commercial enterprises and the size of their business compared to the size of private business enterprises To determine the volume of monopoly concentration. [You must be registered and logged in to see this link.] |
» A deputy in finance expects the Council of Ministers to approve the budget schedules in today’s sess
» A deputy resolves the controversy over the “transfer supplement” in two ministries
» Al-Halbousi’s “vacant” seat.. Will the coordination framework end the “Taqaddum” dream of an allianc
» The Federal Government issues a state order to stop the Commission’s work procedures regarding the K
» Including the freedom to choose the bank and withdraw the salary for “free”... “My Account” features
» The Central Bank sells more than $250 million during its daily auction
» Al-Sudani receives a delegation from the Union of Arab Banks
» Iraq and the United States of America hold trade meetings in Washington
» In pictures... The activities of the Union of Arab Banks conference in Baghdad, “Day Two”
» The Director General of Ports announces the completion of berths (3) and (4) in Al-Faw Grand Port
» The Council of Ministers holds its regular session headed by Al-Sudani
» Parliament publishes the agenda of its session for next Thursday
» A government measure to reduce "money laundering" using the buying and selling of real estate in Ira
» Iraq proposes establishing a specialized council to combat corruption in Arab countries
» Al-Mawarid intends to establish infrastructure and investment projects for the water sector in Iraq
» The Federal Court issues a decision regarding postponing the election of the Speaker of the House of
» utube 5/4/24 MM&C Iraq Dinar- IQD Update - No Float of Exchange Rate - Budget -2024 - Schedules -
» utube MM&C 5/7/24 Iraq Dinar- IQD Update - Regional Trade - A Progession of Reforms - A Global Bac
» A government meeting to discuss financing and implementation mechanisms for the Development Road Pro
» Al-Sudani: Iraqi banks are on the right track with financial transfers
» Al-Khazali: The Turkish side is still imposing its conditions on Iraq
» Rights: We refuse to amend the bylaws of Parliament under political influence and desires
» Nechirvan Barzani: We want to address all problems with Iran and begin a new phase of relations
» Today, Iraq and Iran signed the minutes of a joint meeting related to trade
» KPMG International begins auditing the revenues of telephone companies operating in Iraq
» Oil: The seventh batch of equipment for the gas manufacturing project in the Nasiriyah and Gharraf f
» Al-Sudani assures the French ambassador of Iraq’s openness to “fruitful” partnerships
» Government move to install gold screening devices at 4 airports
» Sudanese Advisor: The oil sector is witnessing a rapid renaissance
» Opening offices specialized in employing people with disabilities
» Infrastructure and investment projects for the water sector in Iraq
» Adopting the electronic system in the next census
» Al-Sudani chairs the first meeting to restructure the government apparatus
» Business Council: Efforts to open a branch of the Chinese Bank in Iraq
» Iraqi diplomacy is balanced openness
» The head of the Integrity Commission told Al-Sabah: We are the people’s eyes on the government and s
» Baghdad Provincial Council: The capital is facing a new urban and service phase
» Customs, security and economic aspects
» Central Governor: We face “increasing challenges” in complying with international laws
» Payment of end-of-service benefits to employees referred to retirement for the month of May
» Billions “evaporated”.. What is the truth about closing the “theft of the century” file in Diyala?
» The Minister of Labor approves the extinguishment of debts owed by transgressors from the families o
» How did Washington comment on Nechirvan Barzani's visit to Tehran?
» The honeymoon is over and the salary crisis continues. Baghdad and Erbil exchange accusations, but s
» Why has Iraq not submitted a file to stop burning gas over the past years?
» A slight increase in the exchange rate...more than 146 thousand per 100 dollars
» Do Iraq's debts pose a threat to the economy? Parliament answers
» Agriculture explains the mechanism of implementing the calendar program and its economic gains
» President Masoud Barzani meets an Iraqi parliamentary delegation
» Parliamentary criticism of the government’s delay in sending the budget schedules despite the approa
» A report reveals the existence of an undeclared “Iraqi-British” agreement regarding asylum seekers
» Alternative energy... advanced stages of the largest solar energy station in Iraq
» Its delay raised concerns... it is likely that the 2024 budget schedules will be approved today
» The industry reveals the reasons why Russian companies stopped reconstructing 7 factories in Anbar
» Billions evaporated.. What is the truth about closing the theft of the century file in Diyala?
» Nouri Al-Maliki to the Saudi Ambassador: Iraq is open to all countries of the world
» An Iraqi generation that “does not fear” America and Iran.. Nadim Al-Jabri explains his expectations
» After 9 years.. the third session of the Trade and Investment Framework Agreement between Iraq and A
» “These are our goals.” The Turkish President talks about his visit to Iraq last month
» Romanowski: The Iraqi judiciary is independent and the Federal Court seeks to consolidate democracy
» Deputy: The presidency of Parliament will remain vacant until the end of the current session
» Political: The Iraqi economy is threatened by American hegemony because of the coordination administ
» Politician: Salem Al-Issawi will not become Speaker of Parliament
» Planning reveals the mechanism for examining gold in local markets
» Including railway connectivity and water shares... Iraq and Iran are discussing a number of common i
» Oil is preparing to export gas oil after achieving self-sufficiency
» Trade is preparing to hold a number of specialized exhibitions in Baghdad and the provinces
» Erdogan: Our goal is to raise the volume of trade with Iraq to more than 20 billion dollars
» Al-Sudani confirms Iraq's openness to fruitful partnerships with French companies
» Determining the launch date for the activities of the 48th session of the Baghdad International Fair
» Al-Sudani receives a delegation from the Union of Arab Banks
» utube 5/3/24 MM&C Iraq Dinar Update - Expectation - Implementation - Activation - New Exchange Rat
» “Services” asks the Central Bank about billions of foreign banks in Iraq
» Central Bank: Iraqi banks still face challenges in complying with international laws and standards
» Parliamentary bloc: The Central Bank offers hard currency to “mafias” on a golden platter.. The Suda
» The Iraqi Central Auction witnesses a rise in foreign remittances to $267 million
» Wednesday.. The session to elect the President of the Iraqi Parliament is heading towards “Al-Issawi
» The Union of Arab Banks proposes 4 “important” points for Iraqi banks to meet compliance standards
» In the document... the Central Bank decides to return the “Al-Mal” Bank to work... in this case
» The Iraqi-American agreements and cooperation were the most prominent topics of Al-Araji and Romanow
» Al-Hakim meets a joint delegation of resolve and sovereignty and renews the call to hold a session t
» Nearly one billion dinars were recovered and 3 million liters of fuel intended for smuggling in Iraq
» Al-Sudani and the European Union ambassador discuss issues of economic partnerships, civil aviation,
» More than 950 million dinars... petroleum products announced their recovery
» Forming a committee to follow up on stopping the sale of the dollar to travelers
» The Minister of Justice visits Al-Muthanna Governorate to discuss mechanisms for developing judicial
» Agriculture: Farmers who were affected by the recent rains will be compensated
» Al-Rasheed issues a warning regarding applying for advances and loans
» Al-Rafidain announces the implementation of the comprehensive banking system in its main branch
» Al-Rasheed warns of offices and pages claiming to promote the Salaf
» Adviser to the Prime Minister: There are no conflicts in the route of the Baghdad Metro
» Al-Sudani: We are keen to develop the work of the TBI Bank and address the problems it faces
» Agriculture explains the mechanism of implementing the calendar program and its economic gains
» “The shocks have changed.” The Governor of the Central Bank explains the impact of the openness of I
» The President of the Association of Private Banks sends an “important” invitation to the Central Ban
» Al-Alaq: The Iraqi banking sector has witnessed significant qualitative developments in response to
» On behalf of Al-Sudani, the Minister of Planning sponsors the signing ceremony of a memorandum of un
» The Iraqi Travel Companies Association participates in the Arab Travel Market Exhibition