Home
Imports and dependence on oil are obstacles to Iraq’s accession to the World Trade Organization
Economic 2024/11/03
[You must be registered and logged in to see this image.]
Membership in the World Trade Organization allows access to international trade policies. Despite the economic policies that Iraq has adopted over the past two decades in terms of international openness and the pursuit of establishing modern economic and legislative rules, attempts to obtain a seat in the World Trade Organization have not succeeded so far, noting that Iraq obtained observer status in the organization in 2004.
The financial advisor to the Prime Minister, Dr. Mazhar Mohammed Salih, said: The Iraqi economy lacks regulatory and supervisory regulations in the scope of trade relations and international requirements according to internationally approved standards. Supporters of joining the World Trade Organization believe that this path allows member states of the organization to have broader access to global markets, while membership in the World Trade Organization guarantees access to international trade policies.
Salih indicated that there is a lack of some important economic legislation, especially those related to the rights of workers in the private sector, the field of social security and trade union organization. He referred to the existence of two restrictions that weaken Iraq's role in the international organization: the first is that Iraq is an importing country and does not have the competitive ability to export, and the second is the almost total dependence on oil.
For his part, academic Dr. Amr Hesham explained that supporters of joining the World Trade Organization have a number of reasons that encourage joining, including that international trade agreements provide broader vital access to global markets in the areas of goods and services, and the agreements and their rules create a commercial climate that allows for a reasonable degree of commercial forecasting, thus achieving the goal of preparing marketing and export plans.
He explained that trade agreements include obligations and rights, and the exercise of the rights contained in the agreements is limited to member states in the region and no one else, and resorting to the Trade Dispute Settlement Body imposes seriousness in applying the rules to all parties with the existence of a special mechanism to take punitive measures in the event of non-implementation.
Hesham pointed out that membership in the World Trade Organization guarantees access to other trade policies, and the procedures they include that may affect access to markets, and the extent of their consistency with international agreements, and participation in future negotiations in a way that ensures the defense of commercial interests that concern those countries, and the formulation of new agreements approved by ministerial meetings.
The World Trade Organization (WTO): An intergovernmental organization that regulates and facilitates international trade among nations. Governments use the organization to establish, review, and enforce the rules governing international trade. The organization formally began operations on January 1, 1995, under the Marrakesh Agreement, replacing the GATT of 1948. The WTO is the world's largest international economic organization, with 164 member states representing over 98 percent of world trade and global gross domestic product.
[You must be registered and logged in to see this link.]
» utube 12/10/24 MM&C Iraq Dinar News-Partnerships with Private Sector--World Bank-IMF-Article
» Prime Minister promises youth investment opportunities
» Final statement of the Arab foreign ministers meeting on Syria with the participation of Iraq: Suppo
» {Al Furat News} publishes the final statement of the Arab Foreign Ministers meeting
» Al-Sudani: Riyada initiative achieved great results and provided more than 10 thousand job opportuni
» Bitcoin is heading for its longest weekly winning streak in 3 years
» Setting a date to start implementing the Bismayah City Annex
» Transport announces the completion rates of the strategic development road project
» Al-Sudani: We are facing a new reality and era for Iraq with optimal investment of all its capabilit
» "Intentions" for the regional government to pay its employees' salaries for the past two months in o
» Al-Sudani confirms that modernizing company registration is at the heart of economic refowork rm eff
» "Everything in Iraq has become VIP".. High cost of housing units prompts questioning of the head of
» Al-Sudani: Updating company registration work at the heart of economic reform efforts
» Parliamentary Foreign Affairs: The absence of a diplomatic solution generates a kind of killing and
» Parliamentary Security: Iraq enhances its defense capabilities with advanced systems and modern airc
» Al-Sudani: We signed investment licenses for about one million housing units
» Blinken delivers 'threatening' messages to Iran-backed factions in Sudan
» More than a billion dollars.. Sales of the Central Bank of Iraq in 5 days
» Hypermarket invades Iraq with an unconventional type of commercial markets
» Regarding electricity...what is the mechanism for paying taxes via electronic card?
» 4 Arab countries penetrate the world with their advanced industries, away from oil
» Iraq completes 800 schools within the model buildings project
» Arab Parliament discusses developments in the region
» Legal Center: Diversifying the National Economy Will Enhance Human Rights in Iraq
» Al-Sudani: Reducing unemployment is a vision we have placed at the top of the government’s program
» Al-Sudani inaugurates the new building of the Companies Registration Department affiliated to the Mi
» Statistics: Iraq ranked second in the Arab world and ninth globally in possessing natural resources
» More than 11 international movements in 3 days reflect “Iraqi concern”
» Controversial laws stall.. Calls to dissolve the Iraqi parliament and hold early elections
» Blinken's visit to Iraq.. Syria file, Iranian hegemony and the danger of ISIS
» 800 billion dinars to support modern irrigation: covering 1.4 million dunums with advanced technolog
» Growing Foreign Workers in Iraq: Escalating Economic and Legal Challenges
» Trade.. We have completed the disbursement of all dues to farmers and agriculturalists after receivi
» Minister of Electricity: Electronic transformation of collection will include all governorates succe
» Regarding “Change in Iraq”: 7 Points of “Frankness” from “Veteran” Sunni Leaders to the Political Fo
» The Iraqi Parliament is facing the test of controversial laws...either legislation or solution
» Washington and Kuwait in a message to Baghdad: Respect the agreements
» US Secretary of State: I expressed to Al-Sudani my astonishment at the construction and services in
» Al-Rafidain Association for Tourism Promotion: Choosing Baghdad as the Capital of Arab Culture Refle
» What does it mean to support the industrial sector in Iraq? And what will environmentally friendly f
» Cracks in the Syrian Tishrin Dam wall worry Iraq.. Find out the latest developments
» Minister of Trade: We have a strategic stockpile and the food basket is fully secured
» Al-Hilali talks about the possibility of extending the American presence in Iraq
» Ankara begins establishing "red camps" on the border with Iraq
» Labor sets deadline to correct status of illegal foreign workers in Iraq
» Baghdad.. A government plan to develop the entire 77th Street
» The Iraqi government allocates 800 billion dinars to purchase 12,000 modern irrigation systems
» To boost economic development, Iraq strengthens its international standing with a “unique” dental co
» Launch of the Unified National Conference of Dental Colleges in Iraq
» Al-Alaq praises TBI’s efforts in expanding customer base
» Central Bank denies audio recording attributed to Al-Alaq about dollar rising to 250 thousand
» Parliamentary Defense Committee sends a message to militants in Syria: This is the fate of those who
» Al-Taiban calls for unifying discourse and supporting the government to overcome the dangers facing
» This category is included.. Ministry of Interior: Issues clarification regarding the assignment of b
» The Arab Parliament will hold its second general session to discuss the latest developments in the r
» It will cover about 1.4 million acres.. Iraq adopts modern technologies to develop its agricultural
» Central Bank Governor: Opening external channels with foreign currencies to eliminate the black mark
» Central Bank denies audio recording attributed to Al-Alaq
» UAE: Under the direction of Masrour Barzani, Kurdistan Regional Government delegation participates i
» British Foreign Secretary: I agreed with Al-Sudani on the need for a political transition in Syria
» Syria revokes citizenship of 700,000 people from Iran and Iraq
» Including a two-day holiday... Cabinet decisions for today's session
» Next Saturday.. Arab and international meeting to discuss developments in Syria
» The regime in Iraq is thinking about its fate.. Najaf discussions are “loud” and Baghdad is at a cro
» Parliament moves to do justice to large segments of employees.. What about their salaries?
» After reaching the danger stage.. The government moves to save the Iraqi economy and reduce the rise
» Names of those covered by the aid after approval of their transfer to contracts in the Ministry of I
» Calls to resolve controversial laws
» A time bomb threatens Iraq's security
» Nearly $300 million in foreign sales at the Central Bank of Iraq auction
» Discussion on amending the retirement age.. The government has reservations and the parliament is m
» Iraq is the second Arab country in terms of natural resources
» An 11-track Iraqi roadmap for dealing with the new Syria
» Lake Sawa: Secrets Drowning in Drought and a Lost Investment Opportunity
» Third report on government achievements
» Voting on controversial laws expected to be postponed
» Al-Sudani discusses the situation in Syria with Bin Salman and King Abdullah
» Electronic window to receive applications from beneficiaries of the Martyrs Foundation
» Distribution of residential lands in Wasit
» Airports Gold
» Al-Mashhadani calls on Washington to enhance strategic cooperation
» Establishing a leasing company
» Opening of a dollar exchange outlet at Kirkuk International Airport
» Al-Sudani: The health sector was and still is among the priorities of the government program
» Al-Hassan from Najaf: We discussed with Mr. Sistani keeping Iraq away from any negative conflicts
» The Council of Ministers holds its regular session headed by Al-Sudani
» Rafidain Bank .. Launching free electronic cards for members of the Ministry of Defense and the Mini
» Al-Sudani: Baghdad and all Iraqi cities are a haven for Arab brothers
» Dollar price stability in Iraq
» Ankara challenges...and Iraqi sovereignty is at stake
» Parliamentary Committee: The new legislative session will solve the crisis of linking laws
» 15-day maintenance halts Iranian gas supplies to power plants
» Syria tops Al-Sudani’s talks with Jordan’s King, Saudi Crown Prince, and US State Department delegat
» Media professionals criticize the Communications and Media Commission’s attempts to impose guardians
» "Al-Jolani Group" approaches the border... and Al-Sudani made a surprise visit to Jordan
» Iraq and Saudi Arabia discuss developments in Syria and their repercussions on the region
» Government advisor proposes solution to reduce manipulation of dollar exchange rates
» Alsumaria Newsletter: The Central Bank and the Ministry of Finance are under criticism, and there ar