Economists assert: Iraq is now eligible to enter the World Trade Organization

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Baghdad / follow the Orient: – the votes increased to claim Iraq’s accession to the World Trade Organization , as part of the phase transformation to the capitalist system and its openness. Fulfilling its obligations to the international community made ​​by the same signing of the Charter of the International Covenant.

Economic analyst Abbas Ghalibi said economic environment that the Iraq ineligible for entry into the WTO because of the laws that governed which does not keep pace with the evolution of the global economy.

Ghalibi added in a press statement: “Iraq is qualified now to enter the World Trade Organization because of its transformation into what is known as a market economy, despite the positive effects that may affect the economy in Iraq if it were to enter the WTO, that the government has taken a number of measures and controls that facilitate the way for her entry into the WTO including the enactment of important laws contribute to the development of the Iraqi economy.”

He pointed out that “these laws to combat unemployment in Iraq, as well as the fight against inflation, which hit the Iraqi economy during the past period, to work on the development of the private sector, which could indicate all these reforms that Iraq began to turn into a market economy, which enables to enter the World Trade Organization.”

Ghalibi retorted, ” must find a favorable environment for Iraq’s accession to the World Trade Organization, especially since Iraq observer member in this organization, that all the current circumstances serve Iraq to join but after it is activated all the laws that will contribute to the first activation of its economy and make it parallel to the global economy.”

For his part, the economic analyst Zuhair al-Hassani, said that “Iraq’s accession to the WTO will be a weapon, which is struggling by the entry of shoddy goods to Iraq.”

Hassani said in a press statement: “The Iraqi constitution provides for the development of the private sector, which can not be done only with the help of global investment, and therefore, the survival of Iraq outside the WTO will deprive us of the entry of foreign investment for the development of the Iraqi economy, that Iraq can not be close in on itself because the infrastructure experienced by Iraq in the past were built by companies because of the passage of time it became ancient. ”

“The Iraqi market is open on all sides, this thing has caused the entry of bad goods from all States, which Iraq not able to take any action on these goods entering its domestic market, so Iraq’s accession to the World Trade Organization gives us the right to fight flooding the Iraqi market with shoddy goods During the regulatory agencies created by the organization in all countries of the world.”

He pointed out that “Iraq’s accession to the World Trade Organization, which is an observer member which is carried out through economic reforms through the activation of a number of laws to combat unemployment and the fight against inflation in the Iraqi economy and work on the development of the private sector.” And between that “Iraq’s accession to this organization likely to achieve some advantages such as opening international markets to Iraq and to attract foreign investment and integration with the global economy as well as opening up in front of capital and integration with global financial markets. ”

Economic analyst Peace Sumaisem, said that “Iraq’s accession to the WTO will facilitate the integration of Iraq into the global market.”

Sumaisem in a press statement: “The Iraq’s accession to the WTO will help Iraq to create links with global destinations and major companies possible for them to create climates of investment for these companies to come to Iraq for investment and the formation of a production base in it, “and pointed out that” Iraq does not have laws or legal environment in order to join the World Trade Organization, that these laws are not eligible in order to make Iraq Turning to the economy the market which contain several features the first of which is to join the WTO agreement, which runs Iraq by an observer member. ”

It showed, that “if Iraq wants to join the World Trade Organization that it seeks to improve the status of the economy and change the laws that will turn Iraq into a market economy.”



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