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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Economist: the need to conclude economic agreements with developed countries for the advancement of the national economy





Baghdad (news) .. Economic expert called Jalil al-Rubaie, the need to conclude trade and economic agreements with the advanced industrial countries to gain experience and activating sectors and reduce reliance on oil revenues.

Rubaie said (of the Agency news): The Iraqi economy is still at a rate dependent almost entirely on the revenues generated from oil sales, due to the negligence and stopped vital sectors Kalzeraih the industrial and tourism.

He added: that the conclusion of economic and trade agreements with developed countries in terms of economic gain experience and bring investment companies to work in Iraq will be able to promote the national economy in various sectors, and the country's transition from the consumer to the product.

He pointed out, that most of the economic agreements entered into by the Federal Government with the remaining countries without activating just ink on paper, calling to activate all previous agreements and to conclude new agreements in order to create a great economic revolution in the country. / End / 8. N. R /

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