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Iraq needs (15) years old to be eligible to join the World Trade Organization

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Iraq needs (15) years old to be eligible to join the World Trade Organization

Unread postby Stillw8n » Thu Dec 27, 2012 10:20 am

Iraq needs (15) years old to be eligible to join the World Trade Organization

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Baghdad (newsletter) … Al-Mustansiriya University academic suggested Hamed al-Musawi, an economic Conference on the possibility of Iraq’s entry into the World Trade Organization and identify mechanisms to join.

He said al-Musawi (News News Agency): that Iraq needs about (15) to be eligible to join the World Trade Organization, the country’s infrastructure is still unprepared, as well as a significant increase in the cost of domestic production of the goods, materials, scarcity of raw materials within the domestic industry, in addition to weak local products with foreign competition.

He added: the enlarged group of economic experts and specialists in the economic field to discuss how Iraq’s accession to the World Trade Organization and international gains through the development of mechanisms and plans for the advancement of economic sectors and create sustainable development in the country.

He noted that global trade competition and recognizes the Iraq today lacks domestic goods that can compete with foreign goods, due to the suspension of the treatment of industrial and deteriorating infrastructure.

The WTO was founded in 1995, is one of the smallest international organizations under the World Trade Organization (WTO) is the successor to the General Agreement on tariffs and trade (GATT), which was established in the aftermath of the second world war, and its primary objective is to help trade flow into strings and freedom, and the WTO’s membership includes more than 140 members, representing over (90%) Of world trade



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