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Confirmation of Completion of WTO Accession Requirements
Economical 01/17/2023
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Baghdad: Haider Fleeh Al-Rubaie
The economist, Bassem Jamil Antoine, urged the need to complete the requirements for Iraq's transformation into an authentic member of the World Trade Organization, and prior to its official accession, by working on fundamental economic reforms that would enable the country to compete commercially with imported goods, stressing the need to make a jump in the various sectors of production. , industrial, agricultural and tourism sectors, as well as the creation of a customs system capable of providing a full cover of protection for the local product.
The economic calls aimed at achieving a "trade balance" coincided with the Ministry of Commerce's announcement of a plan to complete the requirements for joining the World Trade Organization, stressing that this year will witness the completion of technical files in terms of goods, services and intellectual property, in addition to holding official meetings at the organization's headquarters in Geneva.
The (WTO) is an intergovernmental organization that "regulates and facilitates" international trade between nations. It officially began its operations on December 1, 1995 in accordance with the Marrakesh Agreement. It is the largest international economic organization in the world. According to Wikipedia, it includes 164 member states and represents It accounts for more than 98% of world trade and global commercial GDP, and works to facilitate global trade in goods, services, and intellectual property between participating countries by providing a framework for negotiating trade agreements that usually aim to reduce or eliminate tariffs, supply quotas, and other trade barriers.
In order to achieve the highest economic results for Iraq as a result of its accession to the (WTO), Antoine believes during his interview with "Al-Sabah" that "Iraq cannot be isolated from the rest of the countries of the world, and it must establish economic and trade relations with various countries, but it must take into account the internal interests in That matter is above all,” stressing that “Iraq’s entry into the World Trade Organization now, and its transformation from an observer member to an authentic member, I do not see it as a step that could benefit the country.”
Antoine attributed the necessity of "postponing" the accession process at the present time to a number of reasons, putting at the forefront of those reasons the decline of the various production sectors in Iraq, whether industry, agriculture or tourism, stressing that it is proceeding slowly and is not developing sufficiently, so the factors of loss are from Joining will be present according to these economic measures.
The expert, Antoine, also drew attention to Iraq's actual need for a solid customs system commensurate with the internal production sector, in order to provide protection and achieve balance, pointing out that the combined data show that the benefits of joining the global organization cannot achieve commercial or economic results that serve Iraq, and I see the need for it to remain Iraq is an observer member to gain more experience as well as work to strengthen the productive sectors, especially industrial and agricultural, to be able to compete in the event of entry into the trade organization, otherwise the local production will not be able to compete and this will lead to an increase in unemployment and poverty due to the cessation of industrial and agricultural facilities that will not To be able to compete with the importer.
The Ministry of Commerce has detailed its plan to complete the requirements for Iraq's accession to the World Trade Organization.
The media center in the ministry stated to the Iraqi News Agency (INA), that "the committee concerned with Iraq's accession to the World Trade Organization, headed by the Minister of Commerce and membership of representatives of ministries and agencies as well as representatives of the private sector, is working to complete the requirements for Iraq's accession to the organization."
He explained that "the ministry's plan during the current year includes completing technical accession files in terms of goods, services and intellectual property, in addition to harmonizing legislation and laws with the agreements of the multilateral organization."
He pointed out that "the plan includes holding official meetings in the organization in Geneva, and that there be high coordination with the member states that carry economic weight in the organization to mobilize support and speed up accession procedures and make Iraq an active member and partner in making economic decisions and drawing trade policies that enhance Iraq's integration into the International Economy".
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