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Baghdad: Omar Abdul Latif
The Federation of Iraqi Chambers of Commerce revealed a "road map" to joining the World Trade Organization, calling for the amendment of some important laws in preparation for obtaining membership in the World Trade Organization.
The head of the union, Abdul Razzaq Al-Zuhairi, said that Iraq has been seeking for ten years to obtain membership in the World Trade Organization by holding intensive meetings with the competent authorities to discuss this file.
Al-Zuhairi summarized Iraq's needs to join this organization with three points. The first includes amending some laws and setting plans that jump the country from 172 to 120, according to the global ranking, and the second, the World Bank's indicators for the country must be positive.
He added, as for the third point, it confirms that the country's budget is approved without some of its paragraphs being challenged by the Federal Court, in addition to the need for its law to include a number of strategic projects.
He pointed out that Iraq is characterized by an investment environment, funds and a position that qualifies it for economic progress, noting that joining this organization will improve Iraq's image among the countries of the world.
Regarding the union’s membership in the Executive Committee of the Federation of Arab Chambers of Commerce, Al-Zuhairi affirmed that it will contribute to Iraq’s entry into the Arab economic system, after it had been absent from it for a long time, pointing out that the step would serve the economy through Arab trade exchange and transport operations.
Regarding the meeting of the Arab Chambers of Commerce, which was hoped to be held in Baghdad this month, the head of the Federation of Iraqi Chambers of Commerce stated that countries had requested a postponement due to the situation in the region or in Iraq, which gave an indication and a non-positive impression on the economy
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