Friday, April 19, 2013

Economist: World Trade Organization (WTO) will boost Iraq's relationship with the major industrialized countries


19-04-2013

Baghdad (news) .. He stressed the economic expert Ismail Radi, the need for Iraq sought to join the World Trade Organization because of its features help to support the economic sectors of the country, and convergence Iraq with the major developed countries.

Radi said (of the Agency news): The Iraqi Ministry of Trade required to complete the procedures related to Iraq's accession to the World Trade Organization to support the national economy, because it would boost trade exchanges and ensure receipt of goods is good for the country.

He added: countries that fall under the membership of the organization is one of the major industrialized nations in the world, such as Japan, China, Korea, England, Germany and others, and this is what will bring Iraq to those countries that will contribute to strengthening economic and trade relations with them.

It is noted that the World Trade Organization asked Iraq to complete the procedures necessary to obtain membership of the organization.

And established the World Trade Organization in 1995, and is one of the smallest organizations global age where the WTO is the successor to the General Agreement on Tariffs and Trade (GATT), which was established in the wake of World War II, and its primary objective is to assist in the flow and the flow of commerce بسلاسلة and freedom.

Include membership in the World Trade Organization more than 140 members representing more than 90% of world trade. / End / 8.'s. M /

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