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Iraq is preparing a plan to join the World Trade Organization in early 2021

chouchou
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Iraq is preparing a plan to join the World Trade Organization in early 2021 Empty Iraq is preparing a plan to join the World Trade Organization in early 2021

Post by chouchou on Sat 28 Nov 2020, 10:13 am

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Mubasher: The Iraqi Ministry of Trade announced today, Friday, the preparation of a plan to join the World Trade Organization, stressing that the accession will contribute to increasing national production and providing job opportunities.

 The ministry told the Iraqi News Agency, “INA”, today, that it has prepared a plan to join the World Trade Organization, which is represented by the restructuring of the National Committee on accession, as well as the sub-committees emanating from it, to complete the accession files, as well as to expedite the legislation of laws, and prepare draft laws related to the organization’s agreements. .

She explained that the draft laws such as the National Product Protection Law, the Consumer Protection Law, the Competition and Monopoly Prevention Law, and the Customs Tariff Law.

She added that joining the organization has positive repercussions in the long run, as Iraq may not directly reap its fruits, but there will be a strong, integrated Iraqi economy capable of competing with the economies of the member states of the organization in general, and the economies of neighboring countries in particular.

She added that accession would allow Iraq to enter into fair competition for goods and services with other member states.

She emphasized that this measure will contribute to increasing national production and providing job opportunities for the unemployed, and thus there will be a noticeable increase in per capita income and total output.

She indicated that the Ministry is coordinating with all ministries and private sector entities to complete the files of accession, represented by the completion of the legislative implementation plan, which includes Iraqi laws and draft laws that affect directly and indirectly in economic activities, and a preliminary draft of this plan has been completed. .

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Iraq is preparing a plan to join the World Trade Organization in early 2021 Empty next year, iraq joins the world trade organization

Post by chouchou on Sat 28 Nov 2020, 10:16 am

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On Friday, the Ministry of Trade announced the preparation of a plan to join the World Trade Organization, stressing that accession will contribute to increasing national production and providing job opportunities.

The ministry said, according to the official agency, that it “has prepared a plan to join the World Trade Organization, which is represented in the restructuring of the National Committee on accession, as well as the sub-committees emanating from it, to complete the accession files, as well as expedite the enactment of laws, and prepare draft laws related to the organization’s agreements, such as the law National product protection, consumer protection law, competition law and monopoly prevention, customs tariff law and other laws.
She added that “joining the organization has positive repercussions in the long run, as Iraq may not directly reap its fruits, but there will be a strong, integrated Iraqi economy capable of competing with the economies of the member states of the organization in general, and the economies of neighboring countries in particular, as joining Iraq will be allowed. To enter into fair competition for goods and services with other member states.

She emphasized that “this measure will contribute to increasing national production and providing job opportunities for the unemployed, and thus there will be a noticeable increase in per capita income and total output,” noting that “the ministry coordinates with all ministries and private sector entities to complete the joining files, represented by the completion of the implementation plan.” Legislative, which includes Iraqi laws and draft laws that affect, directly and indirectly, economic activities. A preliminary draft of this plan has been completed.

The ministry added, “The accession requires the completion of the first presentation file for commodities and the related sub-files, which have been completed based on the customs tariff law. The CHECKLISTS lists have been updated for each of the health, phytosanitary and technical barriers to trade.”

She explained that “the other important file is the trade in services file, as the committees completed the initial draft of financial and banking services, health, education, environment, reconstruction, communications, and distribution commitments,” indicating that “work is underway to complete the draft for the rest of the sectors, in addition to completing a file. Private intellectual property with the rest of the relevant ministries.

She pointed out that “joining the organization at the present time represents one of the most important means of carrying out the economic reforms that must be completed by Iraq at all levels, in order to be relied upon in completing the relevant technical files,” noting that “work is now underway by the organization section. Global Trade to complete the update of the memorandum of the foreign trade system of Iraq, after completing the answers related to the member states, about this memorandum, as nearly 300 questions were completed, and it was translated with the update of many of the memo’s details, to be sent as one package, along with the legislative implementation plan to the organization’s secretariat officially”.

The ministry indicated that “the initiative by the World Trade Organization Department in the Ministry of Trade was carried out in cooperation and coordination with the Iraqi Department of Facts, to translate approximately 21 important laws, to be attached to the plan upon sending it to the organization,” stressing that “work is underway with all Iraqi ministries on Amending the commercial laws, and the technical committee was formed headed by the legal department and the membership of all ministries, and the first meeting of this committee was held. Technical notes on these laws will be prepared to be discussed in the next meeting.

And she warned that “negotiations and agreement were made with some international organizations, such as the World Bank and the International Trade Center in Geneva, to provide technical assistance to Iraq, as these programs focused on assisting in carrying out economic reforms, on some sectors, especially agriculture, industry, customs and issues of developing trade policies for Iraq. The plan was developed in cooperation with the Department of the World Trade Organization regarding the implementation of these programs, ”affirming that“ all programs will be implemented early next year.

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Iraq is preparing a plan to join the World Trade Organization in early 2021 Empty Re: Iraq is preparing a plan to join the World Trade Organization in early 2021

Post by Diamond on Sat 28 Nov 2020, 2:49 pm

does anyone rember if WTO requires a international rate  study

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Post by weslin3 on Sun 29 Nov 2020, 7:25 am

[You must be registered and logged in to see this link.] wrote:does anyone rember if WTO requires a international rate  study
I thought so...


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Post by weslin3 on Sun 29 Nov 2020, 7:32 am

Iraq's accession to the World Trade Organization has many benefits for the economy, which suffers from stagnation due to the decline in oil prices and the spread of the Covid-19 virus.
Advantages of Iraq's accession to the World Trade Organization
1- Creating a strong, integrated Iraqi economy capable of competing with the economies of the OIC member states in general, and the neighboring countries' economies in particular.
2- Joining the World Trade Organization will allow Iraq to enter into fair competition for goods and services with other member states.
3- Increasing national production and providing job opportunities for the unemployed, and thus there will be a noticeable increase in per capita income and total output.
4- Transforming the national economy into a free economy that depends on free trade, and this would help push producers towards producing products with high specifications.
5- Expanding the markets of the OIC member countries and encouraging exports due to the decrease in customs duties
6- Reducing unemployment rates and creating more job opportunities.
7- Encouraging local and foreign investment.
8- Protect local products from the risks of dumping imported goods.  [You must be registered and logged in to see this link.]

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