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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Why is Iraq not allowed to join the World Trade Organization yet?

    Rocky
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    Why is Iraq not allowed to join the World Trade Organization yet? Empty Why is Iraq not allowed to join the World Trade Organization yet?

    Post by Rocky Sun 20 Jun 2021, 2:27 pm

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    • - IQ  



    The economic expert Salam Sumaisem confirmed, on Sunday (20 June 2021), that the failure to activate the laws supporting the private sector and the "deterioration in the quality" of Iraqi local products prevent Iraq's accession to the World Trade Organization, and thus deprive it of entering global markets.

    Sumaisem told IQ News, "Iraq has been an observer member of the World Trade Organization, since 2004 until now, and has not joined it due to its failure to activate the economic laws that support the activities of the private sector, which is the basis of the principle of freedom of trade, which is what the World Organization is based on." ".

    She added, "Iraq's failure to join the organization until this moment prevents it from entering the global markets that fall under the tent of the Trade Organization," pointing out that "entry into the organization is currently done through competition, and this is a task that is not easy for Iraqi products because it is not at the required quality level, and it is declining in this regard." the field"

    The World Trade Organization was established following the “Marrakesh Agreement” on January 1, 1995, and its membership includes many countries in the world. Its headquarters are located in Geneva, the capital of Switzerland. Its main mission is to ensure the free flow of trade between the 164 member states, with 20 members. observer.

    Baghdad previously announced that it is conducting negotiations and moving to join this organization, while the private sector in Iraq is a bureaucracy of government procedures, and its work is not regulated by law.

    On November 27, 2020, the Ministry of Commerce announced the preparation of a plan to join the World Trade Organization, represented by the re-formation of a higher national committee to complete the files required to join, and to expedite the legislation of the necessary laws for this, such as the National Product Protection Law, the Consumer Protection Law, the Competition and Anti-monopoly Law, and the Law Customs tariffs and others, and confirmed at the time that joining the organization would contribute to increasing national production, providing job opportunities for the unemployed, and thus "a noticeable increase in per capita income and total output."
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