Iraq's active presence in the economic agreements

Iraq's active presence in the economic agreements

27/05/2013 12:00 AM

Bgadad - Mustafa al-Hashemi

Is Iraq's accession to the organizations and of financial and economic blocs of the important things that are in favor of the economy through the effects of direct and indirect Other most important to diversify the state's resources and not rely on oil unite pole in the country's economy.

Iraq has membership in economic different Calayrbosaa the organizations, UNCTAD and the Union of Arab Banks, as well as his presence as an observer member of the World Trade Organization and other organizations.

He said a researcher at the Iraqi Center for Economic Reform, Ahmed al-Husseini said Iraq's accession to such a regional economic blocs and international and Arab have positive effects directly and others indirectly.

He said in a statement (morning): The direct effects are abide by the terms and the terms of accession for those organizations that will raise the efficiency of the Iraqi economy, which cut off completely from the outer perimeter of more than 3 decades, pointing out that joining would make Iraq open more on the economies of Other, as well as the conditions of accession to economic organizations aiming to reform the financial and banking sectors and productivity in general as it is necessary to diversify the budget resources away from the sole supplier of the economy represented by the oil to support the process of economic development.

said Husseini to that of the positive effects of direct as well, which pour in supporting the economy, is the reform of the balance of payments trade and diversification including reflected on the reality of living and economic status of the Iraqi people.

noted Husseini that the indirect effects of Iraq's accession to such gatherings is Banekasha on the cultures of the Iraqi society as we see it now, for example, to enter the digital world and the spread of computer use., and stressed that Iraq must offer something of the member states in international organizations that wish to join it as an international trade, for example, it is not reasonable that does not offer production or product is characterized by all other countries, indicating that it is this section must enter Iraq to like Thus organizations because of the Salah overheated
economy due to the wrong policies.

For its part, supported economic expert peace Sumaisem join Iraq's financial and banking conglomerates regional because it will push towards the development of the banking and financial sector of the country.

The Sumaisem (morning) that Iraq needs to join such regional organizations to facilitate and accelerate the movement and transfer of funds between member states and the world because of Iraq, no matter how you put it, is part of the world and it keep pace with the evolution in it.

She added that the eyes of the world are now heading towards the financial markets and commercial traffic in Iraq as a promising market, but there are some old laws and regulations restrict the economy and make it live the central stage of the economic system rather than be at the stage of market economy.

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