Baghdad - INA - Nour Al-Zaidi , today, Friday, the Ministry of Commerce confirmed the government’s aspiration to join the World Trade Organization, especially after the Saudi representative in the organization, Saqr Al-Muqbel, was named to manage Iraq’s accession file, noting that his recent visit to Baghdad contributed to addressing a number of important files.
The ministry’s official spokesman, Muhammad Hanoun, told the News: “Iraq joined as an observer in the World Trade Organization from 2004, and until 2023, this accession faced many problems and challenges, the most recent of which was the failure to pay dues to join the observer organization, but after the announcement regarding the government program of Prime Minister Muhammad Shiaa Al-Sudani, work began again on the possibility of Iraq joining this organization, as two sessions took place and a dialogue was held with the organization by the Iraqi negotiating team headed by the Minister of Commerce, Atheer Al-Ghurairi, which included all the relevant Iraqi ministries and bodies.
Hanoun added, “The World Trade Organization assigned the Saudi representative to the organization, Saqr Al-Muqbel, to manage the file of Iraq’s accession, and he came to Baghdad on an important visit and met with the Iraqi negotiating team, and many issues were addressed, the most important of which were the files of goods and services, as well as the legislation that the Iraqi economic reform team in the Prime Minister’s Office would carry out.” By addressing it within the frameworks and legislation within which the World Trade Organization operates.”
He continued, "Joining will achieve many things for Iraq, most notably that it will support the file of Iraqi goods and facilitate their entry into global markets, and secondly, the harmonization of Iraqi laws and regulations with international laws and regulations," pointing out that "Iraq has today become a major economic player on the world level and needs to harmonize Iraqi laws with international laws."
He stressed, “Minister of Trade Atheer Al-Ghurairi attended the third session of the World Trade Organization, which was held in the Emirate of Dubai in the UAE, and met with the Assistant Director-General of the organization. """We believe that the meeting will achieve progress in achieving the government’s aspirations regarding accession in an accelerated manner,”"" appreciating “the Saudi efforts in overcoming many special obstacles.” Iraq's accession to the World Trade Organization.
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It looks we are going to have to be patient to see if they are still in Abu Dhabi, it is not clear yet as to if they have a conclusion or another extension coming with respect to Iraq or other main issues. I suspect there will be more on this over the next 24 - 72 hours.. I will say again, the Conclsuion to the IMF Article IV Constultation with Iraq having a perfect score card if you, will is a very good indicator WTO or not yet. Iraq is going international based of that review.. imo ~ MM
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