Iraq and the WTO



Iraq continues its negotiations with WTO for accession

Posted: April 8, 2014 in Iraqi Dinar/Politics

The Ministry of Commerce held a meeting with representatives of the World Trade Organization in Baghdad to continue the ongoing negotiations between the parties to Iraq’s accession to the WTO, and discussed at the meeting, which was held yesterday a set of laws and legislation of an economic nature that Iraq must approve in the coming period.

They discussed the subject of updated Memorandum of Iraq’s foreign policy presented in 2004 to the Secretariat of the Organization and to identify the ministries and agencies responsible for the update as well as updated files SPS TBT and file of government support for agriculture ACC4.

meeting reviewed the file initial offer of goods and specify the time period for the Commission Goods completion ceilings tethered BR once and for all in order to be sent to the WTO Secretariat for circulation to the states Members of the organization,

as well as review the file of national commitments primary sectors of the service and determine a period of time to finish this file and set a date to send it to the Secretariat.

meeting discussed also updated plan legislation executive of Iraq and to identify laws and regulations to be completed in the time period the next to be sent to the World Trade Organization, in addition to the Member of the National Committee to form a committee sectoral includes employees working on the file of goods and services and legislation who have the experience and the language in each hand,

or the Ministry would be responsible for the completion of the required files and in coordination with the National Committee member within that ministry, as guidance to re-activate the awareness and publicize the organization and conventions, especially on the the level of the Iraqi private sector.

gave Iraq on February 11 2004, request to join as an observer in the World Trade Organization and won the approval of the General Council to accept Iraq’s request for observer status in the organization.

In June 2004, a committee was formed and a higher national membership of representatives of the ministries and relevant Iraqi WTO Agreements who are rank of director general or above to complete Iraq’s accession to the organization.

to that held in the Romanian capital Bucharest meetings of the thirteenth session of the Commission on Iraq – Romanian joint, said Hashim Mohammed Hatem Director General of the Department of Foreign Economic Relations at the Ministry of Commerce and Industry Minister Ahmad Nasser Karbouli was headed the Iraqi delegation at these meetings

included representatives from the Ministries of Trade, Industry and Minerals, Construction and Housing, Transport, Foreign Affairs and a representative of the General Secretariat of the Council of Ministers, while the side was headed by the Romanian Minister of Economy Konstinta Nita.

explained that the meeting discussed ways and means for the development of trade and economic relations In addition to the cooperation between the private sector in both countries and small and medium enterprises.

pointed out that those meetings resulted in the signing of the minutes of the joint cooperation in all fields and agreed to hold the next session of the Joint Committee in Baghdad in 2015.

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Ministry of Commerce: Iraq was nearing the fulfillment of its obligations to join the World Trade Organization (WTO)
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16/09/2013 13:18

Tomorrow Press / Baghdad: Ministry of Commerce announced on Monday, that Iraq was nearing the fulfillment of all the requirements to join the World Trade Organization and the validity of all agreements it as a member state.

Said Director of External Relations and Trade Ministry Hashim Mohammed for "tomorrow's Press," that "Iraq is continuing with the committees WTO and fulfill all the requirements of Alandma to the WTO," he said, adding that "it is also related to the banking system and mechanisms to enforce financial regulations and investment laws and import and export and many sectors. "

He added that the "committees of the organization in the Middle East closely following the Iraq Programme to enter the organization and confirmed that Iraq is moving in the right direction to get the membership of the organization."

He added that "joining the WTO will have a deep impact in the development of the Iraqi economy and take advantage of the international conventions on economic affairs in general."

He added that "the French head of the organization change nationality will not change at all in pursuit of the parties to complete the requirements to enter Iraq to the membership of the organization."

It is noteworthy that Iraq has begun to open to Arab and foreign countries in the field of trade, especially after ejected from the provisions of Chapter VII.

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Negotiations on Iraq’s accession to the WTO are going well; Expects to join in 2016

Posted: May 15, 2013

World Trade Organization

Ministry of Commerce revealed that “2016 will see the completion of the procedures for Iraq’s accession to the World Trade Organization (WTO)”.

The Director of the Department of Foreign Economic Relations and Trade Ministry Hashim Mohammed Hatem said “the negotiations with the World Trade Organization are going well to complete the conditions of accession to this international institution.”

Hatem added that “Iraq is planning to end the file to join the World Trade Organization (WTO) during the year 2016.”

It is said that Iraq is running, and since 2004 member observer status in the World Trade Organization.

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Al-Sabah

Al-Sabah - 05/06/2013 - 12:59 | Hits: 80

Baghdad - شكران the Fatlawi
With Iraq near economic blocs global by subscribing to the competent international organizations to trade and support orientations to move to a free market, increased calls for specialists and experts to pass laws to help organize institutional work, which still depends legislation old has attributed a researcher at the Economic Affairs reasons for the delay Iraq's accession for the WTO to fear of developing countries, including Iraq foot on the application of the requirements to join leaving a negative impact on the economy and led to cases of recession, unemployment and a shortage of state revenue. explained researcher Accessories Akram Abdul Latif researcher oldest in the Ministry of Planning in her speech (morning) through its participation in Economic Symposium on (delayed Iraq's accession to the World Trade Organization .. of responsibility?), organized by the Iraqi Institute for Economic Reform said the recession affect the ability of the state to public spending, particularly in the fields of education, health, security and other social requirements ..
She said that Iraq can not live away from economic blocs he faces international economic structure characterized by dynamic changes and the tremendous technological developments that influenced the nature of markets and production structures and the nature of international trade.
She noted that the World Trade Organization (WTO) came with a set of requirements, which aims to liberalize international trade and foreign investment and the privatization of the public sector and minimize the economic role of the state.
She said that the reasons for slowing down the development of the Iraqi economy back to the wars experienced by the country and the economic blockade and the difficult security situation, which led to damage to its potential and competitiveness in all economic sectors, especially the financial and banking sector and the industrial sector and agriculture.
And reiterated: if we compare the Iraqi economy developments secret nature of the global economy we see that each of these sectors the main obstacles plaguing been developing solutions to these obstacles by developing plans for short, medium and long-term treatment indicating that the size of the treatment is not commensurate with the size constraints Despite the issuance of a number of laws and displacement Aat that contribute to the construction of infrastructure, services and the environment, which dealt with the areas of banking, securities and law Alastosmaralajunba and management of public funds and the central bank and agricultural initiative of the Iraqi government, which had a distinct role in the agricultural sector, but did not take a degree of effectiveness required of them in order to overlap the security conditions and their impact on economic conditions, she said.
And focused by saying that require treatment seriously Yeh in implementation and communication, patience and continue to address the constraints of each sector separately.
And senior researcher pointed out the positive and negative effects that would ensue as a result of the transition from central planning to a market economy, saying that the commitment of the member countries of the organization will lead to the application of the general rules of conduct when dealing trade with other member countries.
There is also the possibility to take advantage of the exceptions and exemptions granted by the International Organization for developing countries wishing to join to counter the negative effects of the application of the policy of trade liberalization and economic openness to the outside such as anti-dumping legislation and temporary protection for some economic activities, especially in the industrial sector.
Abdul Latif added that among the positives join trade contribute to the achievement of world peace through trade flows easily between countries which Find common interests between these countries and provided a means of constructive and fair to deal with the ongoing conflict.
They noted that the trading system allows areas to deal with trade disputes in a peaceful manner building With the growth in world trade volume could increase the proportion of trade disputes, but the multilateral trading system provides tools to resolve such disputes.
And confirmed that the greater liberalization of trade decreased cost of living among peoples Everyone consumer and what we pay in what we consume influenced by policies and free trade and protection of high-cost as that trade liberalization would remove obstacles global tariff and non-كمركية and thus reduce the cost of goods for all whether goods produced a final or ores cheaper will be included in the production of another product.
The researcher oldest in the Ministry of Planning, not forgetting the negative effects that should not be overlooked is that the economies of developing countries suffer imbalances and many many problems greatly affect its accession to the WTO and the adoption of the economies of these countries on the production and export of commodities such as oil crude, natural gas and minerals, pointing to the lack of base developed industrial able to produce various types of consumer goods, whether or capitalism This is in addition to the high volume of external debt in those countries as well as high unemployment rates.
He hinted that there are non-economic problems afflicting the economies of developing countries, including bureaucratic and administrative and financial corruption and institutional weakness and the absence of effective laws regulating the work of institutional units.
She stressed address those problems before they join through economic reform and policies are included to give a greater role to the private sector through the privatization of part of the public sector facilities and turning to the private sector.
It confirmed that the control of the public sector for decades on the overall economic activity led to the failure in the growth and development as a result of weakness and lack achieve optimal use of material and human resources, financial and Thmalha state budget burden of a large and growing with low productivity and efficiency are absent with the absence or weakness of the private sector to the presence of laws and regulations restricting him and the monopoly of the public sector for most of the economic activity, it says.


Economist: WTO [membership] will enhance Iraq’s relationship with major industrial countries

19-04-2013 12:15 PM

Baghdad (newsletter). The Economist stressed Ismail Radi, Iraq should be sought to join the World Trade Organization of its features help support economic sectors of the country, close to Iraq with the major developed countries.

He said content (News Agency): that the Iraqi Ministry of trade required to complete action on Iraq’s accession to the World Trade Organization to support the national economy, to promote commercial exchanges and ensure that goods are good for the country.

He said: the States under the Organization’s membership is one of the world’s major industrialized nations, such as Japan, China, Korea, England, Germany and elsewhere, and that’s what will bring Iraq to those States which will contribute to strengthening economic and trade relations with it.

The WTO has asked Iraq to complete procedures necessary for membership of the organization.

The WTO was founded in 1995 and is one of the smallest international organizations under the WTO is the successor to the General Agreement on tariffs and trade (GATT), established in the aftermath of the second world war, and its primary objective is to help trade flow and the strings and freedom.

And the WTO’s membership includes more than 140 members, representing over (90%) Of world trade

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Iraq seeks WTO entry based on flexibility given to other countries; Qualified to join WTO says business union

Screen Shot 2013-02-16 at 12.19.08 PMPresident of the International Union of businessmen: Iraq possesses elements of economic qualify to join the World Trade
Date: Saturday 02/16/2013 07:46 pm

Called on the President of the International Federation of businessmen Iraq Hamid punitive “to the need to seek Iraq’s accession to the World Trade Organization because of its great advantages for the development of the national economy and raising its standards.

He said punitive “Iraq qualified to join the World Trade Organization because it has elements of great economic various different sectors, but needs to activate the laws economy free market to facilitate the accession process.”

And added: that based on the Iraqi economy from officials demanding seeking to Iraq’s accession to this organization because of its great importance to the development of the Iraqi economy and promote trade and economic relations with various developed countries.

He pointed out: that the World Trade Organization has given some Flexibility conditions of accession to the private to third world countries, for Iraq exploited for the purpose of accession.

The World Trade Organization was 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 overriding goal is to help the flow and the flow of trade Bslaslh and freedom, and include membership World Trade Organization (WTO) more than (140) members representing more than (90%) of the WTO

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Intensive training course on the multilateral trading system and to join the World Trade Organization (WTO) to senior officials of the Republic of Iraq

Date: February 25-March 1, 2013 Place: Ankara, Turkey
Cooperation with UNCTAD and Saserick, will organize the Islamic Development Bank (cooperation and integration management) intensive training course on the multilateral trading system and to join the World Trade Organization (WTO) to officials of the Republic of Iraq.

Are expected to attend this course fifteen representatives from the Office of the Prime Minister and the following ministries and Iraqi governmental institutions related: trade, finance, environment and labor and social affairs, health, industry, higher education and scientific research, justice and transport, and culture (the National Centre for copyright protection). The private sector will be represented by the Federation of Iraqi Chambers of Industry.

The work program will include coverage of presentations on the basic conventions of WTO / GATT as well as other important topics join relevant, including the procedural nature, and that have direct relevance to the process of accession Iraqi taking into account the national development goals and priorities of Iraq. It will also include organizational and technical preparations necessary at home, particularly legislative and regulatory reforms to ensure compliance of the foreign trade regime with the Iraqi WTO disciplines.

In addition, it will discuss the issues that have a decisive influence on the economic and social development in Iraq and the potential effects of the accession negotiations, including agriculture, and prepare initial offers of market access in goods and services and the organization of import and export, and so on.

Furthermore, research will be presented about the latest cases to join the World Trade Organization (WTO) especially from the Arab region for the participants and discussed as part of the exchange of experiences and lessons learned, that would help Iraq to better prepare for the next stages of the accession process.


Trade: Iraq prefers to be joining the World Trade Organization due and firm and strong economy

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BAGHDAD / obelisk: Trade Ministry confirmed on Thursday, the continuation of the negotiations in order to get Iraq on the degree of membership in the World Trade Organization (WTO), noting that Iraq is not in a hurry too because he prefers to be firmly accessions due and the Iraqi economy in stronger conditions.

 

 

The trade minister said Khairallah Hassan Babiker for "obelisk", "The importance of Iraq to get a seat membership in the WTO means returning to the weight of the global economic and open horizons of new economic to Iraq and returned to the image in terms of global impact," noting that "the current situation requires a development economically and open the Iraqi market and the adoption of a market economy. "

 

He said that "the organization requested that enjoys the Iraqi economy Tools free market and not to rely on oil revenues, which constitute more than 90% of Iraqi imports, while distributed federal budget also has a yield is supportive of the economy," pointing out that "Iraq is not hurry with regard to Alandham to wto , But he prefers to take steps and time to be Iraq's accession to it accessions due and firmly and have the Iraqi economy in the conditions of the stronger. "

 

It is noteworthy that Iraq won last year on the order of (observer) in the World Trade Organization, which includes 152 members and 27 observer member.

Referring to the above article, IRAQ has to have a currency that falls within the guidelines of the below WTO rules.


Economic policies

The main aim of this section of the Working Party Report, and the following part dealing with the framework for making and enforcing policies affecting trade in goods and services, is to provide Members with an understanding of the context within which the applicant’s WTO obligations on specific trade policy measures will operate. Certain information requested is relevant to specific WTO provisions. Discussion in the Working Parties has focussed on the following subjects: monetary and fiscal policies; foreign exchange and payments, including balance of payments measures; investment regime; State ownership and privatization; pricing policies and competition policy.

Monetary and fiscal policies

Experience indicates that information submitted by applicants on monetary policy and fiscal policy should include the objectives pursued, the responsible agencies and the policy instruments used. Summaries of fiscal policies should indicate if any tax reforms have been undertaken and any changes planned. Applicants should also indicate whether they have achieved their objectives in this area and give an account of the present situation.

The aspects of taxation covered by the rules of GATT 1994 are the subject of the sections on the application of internal taxes to imports and exports. There are no provisions in GATS on taxation.

Discussion of this item in Working Parties has usually been brief and there are no Protocol commitments in this section of their Reports.

Foreign exchange and payments

Applicants need to describe how their exchange rate is determined, whether their currency is convertible, whether foreign exchange is freely available for trade and payments purposes, whether any regulations exist relating to the retention of foreign currencies, or repatriation or surrender requirements. Applicants should also describe their balance of payments situation.

While foreign exchange questions are within the jurisdiction of the IMF and trade policy questions within the competence of the WTO,128 foreign exchange questions and trade policy questions are interrelated. Of most direct relevance to the WTO is whether foreign exchange is freely available in payment for current account transactions, as exporters need to know how they will be paid. The WTO therefore recognizes this interrelationship. The GATT 1994 provides that Members must not, by exchange action, frustrate the intent of its provisions and that they must either be members of the Fund or enter into a special exchange agreement with the WTO.129 GATS provides that Members must allow international transfers and payments for current transactions relating to specific commitments entered into under that agreement.130

Working Parties have been careful to respect the competence of the IMF. While Members have demonstrated an interest in obtaining adequate information on all matters dealt with in this section, they have laid stress on issues of direct relevance to international trade. They have, for instance, focussed on knowing whether applicants are members of the IMF and whether they have accepted Article VIII of its Articles of Agreement which provides that “no member shall, without the approval of the Fund, impose restrictions on the making of payments and transfers for current international transactions”. They have been particularly concerned that foreign exchange controls may be used to regulate the level and composition of trade in goods and services.

All Working Party Reports but one have been able to note, that the acceding government concerned is a member of the IMF and has accepted its Article VIII obligations. The great majority of WTO Members do not pursue the matter further. In the case of the one applicant that was not a member of IMF, members noted that it would have to enter into “a Special Exchange Agreement as provided for in Article XV:6 of the GATT 1994 incorporating obligations consistent with Fund Article VIII”, which it duly did.131

In one case an acceder responded to concerns that elements of its foreign exchange system provided scope for practices that distorted trade flows by stating that in the context of accession to the WTO, it was prepared to comply with the provisions of Article XV of the GATT 1994 regarding its foreign exchange restrictions.132 Similar concerns were raised in two other cases. The two acceding countries accepted a Protocol commitment that, in accordance with these obligations, and unless otherwise provided for in the IMF’s Articles of Agreement, they would implement its obligations with respect to foreign exchange matters in accordance with the provisions of the WTO Agreement and related declarations and decisions of the WTO that concerned the IMF. They further committed that they would not resort to any laws, regulations or other measures, including any requirements with respect to contractual terms, that would restrict the availability to any individual or enterprise of foreign exchange for current international transactions within its customs territory to an amount related to the foreign exchange inflows attributable to that individual or enterprise.133 One of these acceders stated, in addition, that it “would provide information on exchange measures as required under Article VIII, Section 5 of the IMF’s Articles of Agreement, and such other information on its exchange measures as was deemed necessary in the context of the transitional review mechanism.”134 The other committed not only to implement its obligations with respect to foreign exchange matters in accordance with the provisions of the WTO Agreement and related declarations and decisions of the WTO that concerned the IMF but also with the relevant provisions of the IMF’s Articles of Agreement itself.135

GATT 1994 permits the imposition of quantitative restrictions to deal with balance of payments difficulties, Article XII regulating its use by developed countries and Article XVIII:B its use by developing countries. WTO Members maintaining such measures must consult with the WTO. While not modifying these rights and obligations, the Uruguay Round Understanding on this subject confirmed Members’ commitment to give preference to price-based measures. Only one acceding country actually maintained balance of payments measures at the time of its accession, these taking the form of an import surcharge. Its Protocol commitment on the subject contained a timetable for its reduction and elimination and arrangements for consultations with the WTO.136 In a limited number of other cases Working Parties have judged it necessary to obtain a commitment from applicants on balance of payments measures they might take in the future. Four accepted the commitments along the following lines: “If balance-of-payment measures were ever necessary in the future, [X] would impose them in a manner consistent with the relevant WTO provisions, including Article XII of the GATT 1994 and the Understanding on Balance-of-Payments Provisions of the GATT 1994”.137 They were therefore treated as developed countries. One LDC accepted the same commitment, modified to refer to Article XVIII.138 Curiously, the other LDC to have acceded accepted a commitment to impose any balance of payments measures in a manner consistent with both Article XII and Article XVIII.139 In another case the relevant GATT 1994 provision was not cited but the new Member undertook a commitment to “give preference to those measures referred to in the Understanding on the Balance of Payments Provisions of GATT 1994 as price-based measures to address the situation and [to] maintain any measures only so long as necessary. In the circumstance that [it] must resort to measures that were not price-based, [it] would transform these measures into price-based measures within 6 months after implementing the initial measures. Moreover, any measures taken for balance-of-payment reasons would not be used to provide import protection for specific sectors, industries or products”.140

Investment regime

Investment policies are closely related to trade policies and applicants are requested to provide a summary of their investment policies. They should provide details of: the objectives of the policies; the legislative framework; the government entities responsible for implementation; incentives granted to domestic and foreign investors; bans and restrictions on such investment (e.g. sectors closed to foreign investment, limitations on percentage of ownership); conditions imposed on investment (e.g. technology transfer, domestic purchasing and trade-balancing requirements); approval procedures; access to sources of capital, land and national resources, visas and residence permits, etc; right of foreign investors to initiate legal proceedings and to repatriate profits. In particular, any differences between the treatment of domestic and foreign investment should be indicated. Any international investment agreements should be listed.

A number of provisions of GATT 1994 relate specifically to investment policies. The Agreement on Trade-Related Investment Measures (TRIMs), which confirms that domestic purchasing and trade-balancing requirements are contrary to the GATT rules on national treatment and quantitative restrictions, is the subject of a separate section below under the heading Trade in Goods. The provisions of the Agreement on Subsidies and Countervailing Measures (SCM Agreement) relate, inter alia, to subsidies providing investment incentives. The GATS deals with investment in that its definition of trade, unlike that of the GATT, includes the supply of a service by a supplier of one Member through commercial presence in the territory of another Member, which often requires investment. While the 1996 Ministerial Conference launched work in the WTO on the interaction between trade and investment, many Members opposed the initiation of negotiations on the subject in the WTO and it was effectively dropped from the agenda at the 2003 Ministerial Conference.141

Policies covered by the TRIMs Agreement, the SCM Agreement and the GATS are normally dealt with under the headings devoted to these subjects with only a few exceptions. Three acceding countries were permitted to confirm that their new legislation would conform to WTO obligations before it was completed.142 In one case, the acceding country confirmed that “the terms and conditions of technology transfer, production processes or other proprietary knowledge, particularly in the context of an investment, would only require agreement between the parties to the investment”.143 In another case, an acceding country undertook commitments relating to the rights of foreign investors that had established joint ventures under its legislation on investment and enterprises and to the transparency of amendments or deletions to the list of prohibited or conditional investment sectors.144



Despite them talking about this law for investment, the WTO told them long ago they had to have an open market economy to become a full member!

Finance Committee Member: House of Representatives will begin law establishing the Council for Economic Reform after approving the budget

Date: 12/29/2012 08:39:40 Saturday

Baghdad (news) .. Said a member of the Committee on the economy and investment MP / National Alliance / Abdul Abbas Xiaa, ending discussion of the draft law for the establishment of the Council for Economic Reform by the State Council, likely sending it to the House of Representatives in the coming days.

Said Xiaa (Agency news): The House of Representatives now busy to discuss and approve the budget bill being is one of the important laws of the country, adding that the rest of the other laws have been postponed until the adoption of the general budget.

He added: that one of the laws which will be put to the House of Representatives after the adoption of the federal budget is the law of economic reform, which includes the establishment of the Council on economic sectors according to deliberate steps and fixed and not random.

And stressed: that passing this law will give a big boost to the national economy to turn it from a totalitarian central to a free market economy in accordance with international standards and sound steps.

He pointed out: that the State Consultative Council to discuss the establishment of law ended the Council of Economic Reform and will be sent to the House of Representatives during the next few days, and will be discussed and voted on after the adoption of the federal budget.

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Investment law will undergo amendments including allowances for transitioning from central economy to a free market economy

11/18/2012 12:00 am

BAGHDAD – morning
revealed the National Investment Commission, Saturday, from entered proposed amendments new investment law and some laws that have to do side venture, indicating that the amendments being discussed in the Council of State.

said Chairman Sami al-Araji’s (Center Brief for the Iraqi Media Network) that “Investment Authority and when Law was amended investment and the application of amendments on the ground diagnosed some problems that need to be modified.”

and added that “the national investment made ​​modifications to the Council of State and Council of Ministers for consideration by the discussion and approval,” pointing out that “the amendment in investment law grants 45 days to get the investor on a vacation investment and the sectoral granted 15 days to answer the question the Board on the quality of the investment project.

“He Araji that” change from a centralized economy to a free economy still faces routine tired, which affects the final outcome in the granting of the license investment ” , pointing out that “it is not possible to put a paragraph in the investment law says it does not work with any text inconsistent with this law that other institutions have laws which also includes a paragraph does not work with any text contrary to law.”

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Trade Mosul discuss Iraq's accession to the World Trade Organization (WTO)

October 29, 2012 09:53 PM Last Updated: Oct 29, 2012 9:53
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Discuss traders and businessmen, economists and specialists in Mosul, Iraq's accession to the World Trade Organization (WTO), in a seminar held by the Chamber of Commerce of Mosul, in cooperation with the Department of Foreign Relations and the Ministry of Commerce, which participated with a delegation answered questions traders Mosul.

The head of the Chamber of traders Nineveh and member of the Federation of Iraqi Chambers of Commerce, a future friend Dabbagh told (Voices of Iraq) that "room set up in collaboration with the Department of Relations, Ministry of Commerce, this seminar to raise awareness and discuss Iraq's accession to the World Trade Organization with the aim of defining the family business, businessmen, companies and interested objectives of the organization and how to join. "

Dabbagh said that "a symposium held at the Hall of Mosul Chamber of Commerce, attended by members of the Chamber, businessmen and academics, specialists and experts in the field of trade, economy and finance, and bankers in addition to representatives from government departments."

And the World Trade Organization (WTO) (English: World Trade Organization), the Organization of International based in Geneva, Switzerland, whose primary mission is to ensure that trade flows as smoothly as possible and convenience and freedom is the only global organization competent international laws on trade between nations.

The WTO has 152 members integral world countries and 27 observer member.

And gave the delegation of the Ministry of Commerce, who arrived in Mosul About WTO and stages of Iraq's accession to it, said department head legislation in the Department of International Trade Organization, Ministry of Commerce, Dr. Ali Abdul Razak navy told (Voices of Iraq) that "Iraq's accession to the WTO means returning to its real and essential in the global economy and that it must be the fact that Iraq an active and influential in the international economy. "

Official Division Commodity Trade in the Ministry of Trade, Dr. Sawsan Mahmoud Sehud, she told (Voices of Iraq) that "Iraq began in 2004 to apply to join the World Trade Organization and been widely welcomed members of the organization, and after a meeting of the General Council got approval unanimously to accept Iraq as an observer member of the organization. "

She added: "accomplished Iraq several important files and required in the field of joining the World Trade Organization the most important file trade goods, where has the eight thousand commodity variety as possible to enter the country and can be imported and depends on the law of customs tariff, has recently been completed this file after four years of work on it and we are in the process sent to the World Trade Organization (WTO) to start a new round of negotiations with them. "

And the export of goods and products Iraqi said Chihod: "After Iraq to get a recipe for full membership in the organization will be able to domestic goods to the country of export and access to markets of all Member States of the Organization in addition to countries' markets that carry an observer, and will enter the Iraqi goods more than half of states the world. "

Of Japinh said board member Chamber of Commerce Mosul Abdul Karim al-Rubaie said "Iraq's accession to WTO will allow it to strengthen its economy and restart institutions industrial, and this seminar will cover all questions and inquiries traders Mosul to be aware of the stages of accession and will get the Iraqi economy from the move" .

Attendance raised a lot of questions and queries about the laws of the organization and its mechanism of action, and the current economic situation in Iraq, especially undergoing under Chapter VII and the adaptation to the regulations of the organization's work.

Said Professor Department of Economics at the University of Mosul Dean of the Faculty of Business and Economics formerly Dr. Fawaz Jarallah told (Voices of Iraq) that "Iraqi negotiator should go with full information about the Iraqi economy is not ashamed of Multi underdevelopment of our economy and the fact that he yield economy due to the deteriorating productivity sectors since the sixties where There were clear industry and there were industrial sectors operating in Iraq and Mosul. "

He pointed out that "there are lab Alexandria and Haj Younis Haji Hashim, textile and sugar factories different even develop the produce commodities that we can practice them with global trade and we trade them and get into the organization to facilitate the arrival of these goods, and now is the longer segments dead and with productivity is weak, we have only oil is not enters the World Trade. "

And wondered what the negative effects of such a move on the Iraqi economy, and he replied, "will be great because we will open up the economy to goods poor do not have standards for quality control prove the importance or quality of such goods from all origins and if we these qualifications as required becomes entry into the World Trade Organization a good thing" .

For his part, the representative of the Ministry of Commerce d. Alklha that "interventions that have been raised in this symposium were basic, centralized and each question and intervention we had a flash we out to enter the threads more complex and Stnfna in the negotiation process with the organization for the purpose of acceptance as a member, and was questioned traders mechanism that will be used in the arbitration process and when to use them in the resolution of disputes and what are the pros and cons that would result from Iraq's accession to the organization. "

The WTO was established in 1995.

It is one of the smallest organizations global age where they Khalifa General Agreement on Tariffs and Trade (GATT), which was established in the aftermath of World War II, and despite the fact that the World Trade Organization were fresh, the multilateral trading system, which was originally set up under GATT has reached the age of fifty years.

The establishment of the World Trade Organization after the world has witnessed a phenomenal growth in world trade.

Merchandise exports has increased an average of 6% per annum and helped GATT and the World Trade Organization (WTO) to establish a system of strong and prosperous trading, which contributed to unprecedented growth.

As for the Iraq dossier to join the organization has members requested more information about the pricing policy in Iraq and investment laws, import licenses, customs laws and tariff laws and telecommunications license and state trading enterprises.

Comes the Iraqi government's efforts to join the World Trade Organization, at the time lived recession in industrial institutions, especially the private sector, while witnessing an unprecedented markets open for goods imported from different origins and different specifications.



Recommendations for Iraq’s accession to the World Trade Organization

cbi wto09/19/2012 12:00 am

Held at the Ministry of Commerce meeting of the National Commission on the accession of Iraq to the World Trade Organization, headed by the Minister of Trade Khairallah Hassan Babiker and includes members from all Iraqi ministries relevant.

According to a statement from the ministry had received “Future of Iraq” copy that “has been discussed a number of items in the context of to join the World Trade Organization and achievements, has been discussing the item on file initial offer of goods has been done as the final 100% was filled with tables offer the first of the goods and all its contents, including the notes to the entry into force tariff law No. 22 of 2010. “

the statement said “The committee discussed the ratios customs ceilings that will display theme to negotiate first before member states of the World Trade Organization as a key files on a tour of negotiating third, also will be sent a first presentation of the goods after obtaining the approval of the National Committee and adopted by the official government” .

said, that “among the items discussed by the meeting the issue continue to update the legislative plan in coordination with the Legal Department of the General Secretariat of the Council of Ministers and the notice of the Committee with an update of the laws and draft laws contained in the Plan of Implementation of legislative.”

The statement noted, “The meeting went a number of recommendations guarantee them obtain the approval of the National Commission on the accession of Iraq into the World Trade Organization to send a file initial presentation of goods to the World Trade Organization and start preparing negotiating team which NEGOTIATE the file that will be formed from members of the Committee on the file first presentation of the goods and the members of the National Commission on joining. “

He , “The meeting stressed the members of the National Committee of the need for cooperation and coordination with the Ministry of Commerce in order to expedite the examination and updating of files required by the World Trade Organization with the need for coordination and cooperation between the National Committee member and the members of the sub-committees, especially with regard to the work of the Committee on file trade in services, as He also recommended the need to communicate and take advantage of the U.S. Agency for International Development (USAID) and its projects as a hand to help Iraq to join the World Trade Organization (WTO) and the creation of the required files. “

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Deputies confirm that the economic accession to the WTO legislation requires three economic laws

12/08/2012 09:04
BAGHDAD / Center Brief for the Iraqi Media Network – The Commission on Economy and Investment parliamentary legislation requires that Iraq three important laws to be able to get a permanent membership of the WTO.

A member of the Committee Salman al-Moussawi’s (Center Brief for the Iraqi Media Network) that “the customs tariff law and the law of the protection of the domestic product and consumer protection law is one of the most prominent legislation requested by the WTO to get Iraq to permanent membership.”

He added that “there are those who believe that access to membership of the organization require an active role through developments in the Iraqi economy, which needs the support of the economic institutions of government.”

Iraq’s government announced that it has not yet decided to officially go to Neil for Iraq Iraq for permanent membership of the WTO.

Requires WTO commitment and the commitment Bagyatea state wishing to join them signed the Protocol of Accession to approve the application includes all the WTO agreements.

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Iraq stakeholders urge policy makers to speed up WTO decisions

Iraq urges sinners to enter the World Trade
07/25/2012 17:49

Prompted a number of stakeholders in economic affairs of Iraq on the need to speed up the implementation of a package of decisions that is consistent with the policy of the open market, to arguing that those decisions will give Iraq the membership of the WTO at full speed, and economists have called for a conference held by the Organization of our economy in cooperation with the Ministry of Commerce to stand on the most prominent Almarqlat that impede the entry of Iraq to the WTO, and argued that Iraq’s delay in approving a number of economic laws factor will delay the issue of joining and will decline in business activity and investment in it, especially since more than two thirds of the global art has included under the umbrella of that organization.

The conference was attended by a large number of stakeholders in economic affairs and the members of the House of Representatives and representatives of economic organizations and advisers in the Prime Minister.

In the opinion of Counsel in the prime minister and the director of our economy, Dr. Abdul Hussein Al-Anbuge that the most striking features of the global economy at the moment is the movement of goods, services, capital, information and labor across national borders, regional, these features are consistent with what called for in the World Trade Organization (WTO) and consistent with data from the new international order, either to get along with them and approach them or remain strangers Mnsogn them behind, losing the advantages and at the same time not guarantee disadvantages.

Approaching vision Anbuge with the view of Member of the economy and investment representative Abdul-Abbas Xiaa, who said that Iraq’s accession to the WTO, the issue of significance, pointing out that a number of these international organizations are controlled economies of the world, and this is reason to speed up to join the WTO.

And waved broadly Speaking (morning) that the majority views the parliamentary serve the interests of the accession to that organization, but that these views calls often to the importance that preceded accession prepare fully, through the amendment of legislation and regulation aspects of the national economy in general, as well as stimulate the private sector, stressing that in the absence of such measures, the, the accession process will not be feasible, especially in light yield economy is diverse and has different productive sectors.

A basket of legislation
And confirms broadly that Iraq will gain if he joined the World Trade Organization more confidence of investors and international companies, as well as the confidence of international banks, traders and economists, however, broadly believes that the problem of current economic that hinder Iraq’s accession is the transition from socialist economic system to a free market, etc. marred by distortions hindered this transformation, which he said requires a basket of legislation that are compatible with the new global economic order, stressing that the lack of a package of laws the new economic order will hinder the process of economic transition towards a free market.

Improve the investment opportunities
Perhaps the most positive aspects of joining the WTO is to generate a conviction very corporate global investment laws of Iraq’s economic, because the process of accepting members of that organization needs to be a basket of laws that facilitate economic action and seek to overcome the obstacles that stand in the way investors, as confirmed most of the participants at the conference that the move is important in the future of Iraq’s economic, Minister of Commerce, said Iraq’s accession needs to be a long time and continuous cooperation among all stakeholders, pointing out that his ministry is making strenuous efforts in order to join that organization, which he said is very important and necessary in business organization in the country compared to what it is in developed countries.

According to Khairallah Hassan Babiker Speaking (morning): The efforts of Iraq to engage in that system of global economic task sponsor open its market to the markets of developed countries Almnzawah under the banner of that organization, as well as the importance of this step which will bring many investment companies mission to Iraq by the member states, as well as an improvement in the import and according to international standards.

Benefits of Joining
He touched on the economic advisor in the Prime Minister Dr. Abdul Hussein Al-Anbuge through his paper presented at the conference management, to the benefits of accession, and what can be earned by Iraq in the short term and medium term, where he noted there will be entry into force of a safe, stable and non-discriminatory of Iraqi exports of goods and services to the markets of 147 countries member of the World Trade Organization and will soon become 175 countries, as well as provide control over the unfair treatment of Iraqi products and services in the markets of Member States in the World Trade Organization.

Indicating that the positives from the accession also that there will be control of unjustified restrictions in other countries and restrictions on exports destined for Iraq, and create an environment conducive to the creation of producers and service providers Iraqis are better efficiency and competitiveness at the international level and to increase capital investment by extension, as well as technology transfer and technical knowledge and the expansion of the distribution chain for international producers of Iraqis.
He pointed out that to make improvements to overall economic performance, for example, economic growth, productivity, employment of Iraq as a result of increased exports and investment are also the most prominent advantages of the system that will result in increased financial profits as a result of increased investment, economic activities, production activities relating to the service, trade flows and Employment.

Developed economic relations
He reviewed the pros Anbuge further said that the process of Iraq’s accession to the WTO case gain to accept membership, pointing out that there will be over the security and non-discriminatory wages as well as reasonable and appropriate to cross the Iraqi tankers and products through the territory of other Member States.

Indicating that joining the witness permeable broader Iraqi (government institutions, producers and consumers) to a variety and wide range of products and services of high quality to meet competitive prices, in addition to that the organization will be awarded to resort to dispute settlement body of the organization, which will offer a solution and an appropriate mechanism for any commercial dispute that may arise between Iraq and trading partners.

He explained that Anbuge of the leading franchises which will be reflected positively on Iraq is the composition of international trade relations more stable and that there will be more confidence in doing business with members.

Stressing the need to provide good governance through the rule of law and predictability, transparency, stability, accountability, limited discretion, arbitration and judicial appeals for the immediate and appropriate in light of the accession process.

You may join the most accomplished
The Iraq sought to join for wto since many years ago, emerged from the dozens of bilateral meetings between those on the Muf in Iraq and between representatives of the World Trade Organization, has resulted from these meetings accomplish the main files that come a long way toward Iraq’s accession as was confirmed by (morning) Director of the World Trade Organization, Ministry of Commerce Tharwat Akram Salman, who said the charge of this Muf in Iraq were able to accomplish the most demanded by the World Organization on an ongoing basis and he (the initial offer of goods), explaining that this file is one of the main necessities that requires completion in order to appeal to the question of accession is a major technical file called implemented by the organization since 2008 has worked to complete all very hard since then.

And the time periods required by Iraq in order to enter that organization Salman said: that the time schedule for all mixed for accession, as the Jordan example, was able to join after six years of talks, while it took Saudi Arabia 12 years of discussion before joining, and Russia 18 years, Since all these periods depends on the nature and seriousness of the negotiations, stressing that if the completion of all files requested from Iraq, the process of accession to the WTO will not take long periods of time.

WTO and the private sector
Salman believes that the WTO is an important stimulus class basis through agreements on goods, services and intellectual property, adding that those points will work together to revitalize

Iraqi private sector, especially the two sides of industrial, commercial, noting that the organization will provide many of the needs of the private sector through the creation of conferences and competencies and the organization of workshops through which the will of the sector to identify the communities developed economic and building bridges of communication with companies and businessmen in the various member countries.
He Salman out that the main obstacles facing the process of Iraq’s accession to the WTO is the presence of a heavy legacy of legislation that does not serve the interests of the economic trend towards an open market policy, stressing that the laws of the country’s present and its system of legislative and his economic philosophy all of which serve the interests of the centralized economy, which called for based on the file on Iraq’s accession to the WTO to harmonize the legislation with the WTO agreements, and compliance with the economic system of the member states.

The feasibility of joining
In general we can say that the distribution of negative and positive impacts on both among developing countries by the application of the principles of the WTO is different from state to state depending on the different systems of economic and structures of production and financing, since the vulnerability of developing economies by the application of the principles of the organization depends on the two sets of interrelated factors are the degree of openness to global markets and the composition and properties of commercial exports of goods and services.

The more openness to the world’s largest markets whenever they raised the application of principles of the Convention raised a positive rather than negative.

Either in terms of composition and properties of commercial exports of goods and services, the agreement provided for reductions in the table of customs duties imposed on raw materials used in industry by up to (70 percent) of the ratios above, either semi-manufactured goods Vtkon rate ranging between (32 percent _ 47 percent) either for the goods they made the final of between (25 percent _ 43 percent).

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Economic Committee Member: Iraq accession to WTO is important; Iraq will join soon

Posted: July 24, 2012

Monday July 23, 2012
Economic Commission announces near Iraq’s accession to the WTO

Member of the Committee declared the economy and investment parliamentary Salman al-Moussawi, that Iraq will join soon to the WTO, criticizing those who demand not to join the organization.

The al-Moussawi said in a statement that Iraq’s accession to the WTO is very important and will get soon.

Noting that there are those who claim that to join this organization carries the consequences of Iraq, but he did not know it would be a catalyst to improve its economic situation as well as it would be a party to the global economic policy-making not only an observer.

He continued that Moussaoui was supposed to be the Iraq of the permanent members of the organization two years ago to be a member of an observer in the WTO for more than five years, and thus will have the privileges and responsibilities.

And the al-Moussawi, the organization has asked Iraq to make serious steps in this area and be an attractive environment for investment through legislation a set of laws, including the legal customs tariff and the protection of consumers from monopoly, he said, adding that the application of these conditions will make Iraq ready to join the WTO, which contains more than 150 countries

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MP Moussawi: After two years Iraq will be a request for a permanent member of the WTO

Posted: July 23, 2012 i

A member of the Committee of Economy and Investment parliamentary Salman al-Musawi, “Iraq will join the World Trade Organization to be a permanent member of the following two years.

He said in a statement received Kalhanaba public opinion (and babysit) a copy of “The Iraq to join the World Trade Organization is very important regardless of the vote not to claim under the pretext of joining the consequences carried by this accession, which is wrong.”

He said Moussaoui “was supposed to be the Iraq of the permanent members of the organization two years ago to being a member of an observer in the WTO” Akzac “Since more than five years and therefore will have the privileges and responsibilities.”

He explained, “that the organization has asked Iraq to make serious steps in this area, to be an attractive environment for Lastosmar through Chiraa a range of laws including a law customs tariff and the protection of held consumer of monopoly within the law to protect the domestic product and trademark law,” and if they applied all of these Iraq things will be ready to join the WTO, which contains more than 150 countries. “

He noted that there are those who claim that joining this organization carries the consequences of Iraq, but he did not know it would be a catalyst to improve its economic situation as well as it would be a party to the global economic policy-making not only an observer.

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Economist: Iraq needs for the development of all economic sectors to enter WTO

Posted: July 17, 2012 

Date: Tuesday, 17-07-2012 09: 59 am

Baghdad (News) … A. the star suggested Economist, economic Conference on the possibility of Iraq’s entry into the World Trade Organization and identify mechanisms to join, Noting that the terms of accession requires development in all economic sectors.

He said the star (News Agency news) on Tuesday that Iraq needs approximately (10-15) in order to be eligible for membership in the World Trade Organization (WTO) as a result of poor infrastructure and increase the production cost and the scarcity of raw materials within the domestic industry, as well as the vulnerability of local products to foreign competition.

He added: the enlarged economic Conference of experts and specialists in the economic field to discuss how Iraq’s accession to the WTO 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: the WTO recognize the competition and said Iraq lacked domestic goods that can compete with foreign goods, due to the suspension of the treatment of industrial and deteriorating infrastructure.

The WTO was established in 1995 and is one of the smallest age global organizations, is the successor of the General Agreement on tariffs and trade (GATT), which was established in the aftermath of the second world war, with the primary objective to help trade flow and force the strings and freedom, and the WTO’s membership includes more than 140 members representing over (90%) Of world trade.

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Authorize the Minister of Commerce negotiated the files sent to the World Trade Organization on Iraq’s accession

Posted: July 16, 2012

Date: Monday, 16-07-2012 01: 15 pm

Baghdad/WAP/announced Cabinet on the authorization of the National Committee of the Commerce Secretary to join WTO negotiating authority files sent to the World Trade Organization on the accession of the Republic of Iraq. “

Statement said the Prime Minister received international news agency Baghdad/WAP/copy “that has been assigned Minister of Commerce, Chairman of the National Committee to join the World Trade Organization negotiating authority files sent to the World Trade Organization on the accession of the Republic of Iraq on the basis of the provisions of article (80/item VI) of the Constitution taking ratios contained in the customs tariff act as lower rates plus other additional fees”.

“It has also approved the recommendations of the Committee on Economic Affairs on the rehabilitation and modernization of the pharmaceutical factory in Samarra, Ninawa, which provides approval of minutes of bargaining Committee with Jordan and try to increase the percentage share of pharmaceutical companies in Samarra and Mosul, belonging to the Ministry of industry and minerals over (13%) In paragraph (4) of the record after you recover the cost recovery and investor obligations clearly including raw materials and finished product inventory backup tools & equipments and facilities granted to him by the Ministry of industry and minerals “

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Iraq Department of Commerce requests the support of the US side to aid in Iraq’s accession to the WTO

Date: Saturday, 30-06-2012 01: 04 pm

Baghdad (News) … Trade Ministry has asked the US side to support and facilitate the accession of Iraq to the World Trade Organization, noting that his organization membership reimbursements on the Iraqi economy.

Trade Minister Khairallah Hassan Babiker said in a statement received (News Agency news) on Saturday: we asked for support from the US side to help Iraq to enter the World Trade Organization as it returns to the Iraqi economy as well as its call for the participation of American companies active in the sessions of the Baghdad international fair.

Babiker said: during the closing of the u.s. Committee on Iraqi trade dialogue: Iraq has a lot of opportunities can be exploited by us companies in support of Iraq in the reconstruction and encourage the private sector to contribute to the development of trade and economic cooperation as the player President and main engine of development of trade between the two countries.

The Chancellor said the US Commerce Department and the US side President: Kerry Cameron his Government’s desire to begin a new chapter in economic relations through increased trade to the required level and seek to attract investors to Iraq with the cooperation of the private sector of both countries to reach a positive outcome of the dialogue.

Kerry said: some proposals and solutions that contribute to the strengthening of relations, including registration of business, laws and regulations and help take serious steps to bind Iraq to the World Trade Organization.

The Ministry of Commerce signed a general framework of American business dialogue on Iraq (25/9/2006) in Washington and the first round in Erbil in (2007) and the second round in Baghdad (2008)

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Iraq needs to approve legislation to transition to market economy to gain WTO membership

Posted: June 27, 2012 

27/06/2012 : Date

Iraqi efforts to join the World Trade Organization

Due to resume Iraqi government negotiations for accession to the WTO in the coming months, in order to move the wheel of the economy and support the private sector in the country. ,

says director of the World Trade Organization and the Iraqi Ministry of Trade Tharwat Akram “Radio Sawa” Iraq needs to approve the inter legislation New allow for the transition to a market economy to complete the files to join. and help international organizations led by the International Agency for the Development of the United States (Aliwas any IDC) Iraq to join the World Trade Organization. ,

suggesting Director of International Trade at the U.S. Agency Brian Clancy, to join Iraq to the organization will allow the country to engage in global markets and the introduction of technology industry required and said that the private sector would be the most prominent beneficiaries.

Iraq has applied for accession to the WTO in 2004, running as a member of an observer in, and held several rounds of negotiation with the organization for the purpose of completing arrangements, but joining these tours have stopped since 2008 in the hope that not resume this year.

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Central Bank Governor: Iraq must pay more attention to non-oil sector

Posted: May 22, 2012 

Sinan al-Shabibi calls for red tape to be cut to promote private businesses, says officials should concentrate efforts on boosting non-energy-related industries.

‘The government is expanding, too much’

Iraq needs to reform to lessen its economic dependence on the government, and must pay more attention to its tiny non-oil sector, the head of the country’s central bank urged in an interview on Monday.

Sinan al-Shabibi, who has headed the institution since mid-2003, called for red tape to be cut to promote private businesses, and said officials should concentrate their efforts on boosting non-energy-related industries rather than the lucrative crude oil sector.

“The government is expanding, too much,” Shabibi said in an interview in English at the Central Bank of Iraq’s (CBI) headquarters in Baghdad.

“(It is) as if we are relying completely on the government to provide jobs, and to provide development. … A lot of people think that developing the non-oil sector will take a long time, and probably they go the easy way, the government,” he said.

Oil sales dominate Iraq’s economy and government revenue, bringing in $8.8 billion last month, the highest figure since 1989. Overall, it represents two-thirds of gross domestic product and 95 percent of government income.

Income from the sector is also rising. The country currently produces more than three million barrels per day, but is looking to increase this figure dramatically in the coming years.

Despite its outsized share of the economy, however, oil accounts for just one percent of jobs, according to the United Nations.

That, combined with a moribund private sector, has resulted in an unemployment rate officially reported at 12 percent, but estimated to be as high as 30 percent.

Shabibi, an economist who wrote his doctoral thesis on managing industrialisation during times of uncertain oil prices, called for authorities to ease regulations on private business and step up their focus on agriculture, industry and technology.

“Another priority is for the government to work very hard to ease the conditions for the private sector to work,” he said. “We have, actually, some kinds of regulations which impede all kind of development for the private sector.

“I know a lot of private sector people come to the country, but they cannot actually continue because there are a lot of problems facing them. I think it is important that we ease conditions for people to work, we ease conditions for companies to work, so that… other sectors can work.”

Shabibi said that Iraq’s non-oil industries needed “a lot of work”.

“If you want to talk about reducing unemployment, all these things, really you should develop … the non-oil sector,” he said. “The non-oil sector, despite the fact that it’s very small, is the one where we should concentrate.”

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Similar story:

Governor of Central Bank of Iraq: Iraq needs to reform its economy by reducing its dependence on the government
05.22.2012 15:04:45
[-] Text [+]

BAGHDAD (Iba) .. See the Governor of Central Bank of Iraq that Iraq needs to reform its economy by reducing its dependence on the government, in parallel with greater emphasis on non-oil sectors in a country of oil money 94 per cent of the revenues.

Shabibi said in an interview with AFP that the government is expanding more than it should, in reference to the impact of government on the economy.

He said this looks as if we rely entirely on the government to provide jobs and growth, and many people think that the development of non-oil sectors will require a long time, so choose the easiest way, through the Government.

Iraq has the third oil reserves in the world is estimated at 115 billion barrels after Saudi Arabia and Iran, oil money and constitute about 94 percent of the country’s revenues.

The government announced Monday its oil exports rise during the month of April last, to reach 75.3 million barrels per day, the highest rate of export of oil since 1989.

The Government indicated in its statement that the amount of revenue derived from exports of the month in April amounted to eight billion and $ 795 million, noting that the average selling price of 116.7 dollars per barrel.

The Minister of Oil Abdul Karim Laibi confirmed early March that the production of Iraq’s daily oil is the highest since 1979, with Deputy Prime Minister Hussein al-Shahristani said production exceeded three million barrels.

However, do not represent the functions associated with the oil sector, only about one percent, according to UN figures, in a country where unemployment rate is about 12 percent, but unofficial figures indicate that the unemployment rate touches 30 percent.

And calls Shabibi, an economist who runs the Central Bank since mid-2003, the authorities to ease the laws imposed on the private sector, and focus on agriculture, industry and technology.

He explains that one of the priorities that the government is working hard to alleviate the conditions imposed on private business, he said, adding there are laws or hinder certain procedures for all forms of growth to the private sector.

Shabibi explains, saying that many people who work in the private sector come to the country, but they can not keep going because of the problems they face. I think it’s important to Nguetta of conditions even allow people to work, and also reduce the conditions imposed on the companies’ work to other sectors begin to flourish.

And at the same time indicates that the non-oil sectors need to work great. Shabibi says if we want to talk about the reduction of unemployment, we must develop non-oil sector, a sector, although it is relatively small, but the goal must be set our focus on it.

Iraq has suffered from continuous violence since the invasion in 2003 at the hands of U.S. forces has killed tens of thousands, which hampers economic growth.

It also said Iran and Syria, which are considered one of the most senior partners of Iraq, are subject to international sanctions, over its nuclear program first, and second because of the suppression of a protest movement which continued for more than a year.

Iraq has seen the market in recent weeks, an increase in demand for the dollar led the domestic currency to decline, an increase officials believe it is related to the endeavor of Syria and Iran to earn hard currency from Iraq.

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Economic Commission asks Iraq Ministry of Finance to postpone Tariff act due to impact on the poor

Posted: May 7, 2012 in Iraqi Dinar/Politics
Tags: , , , , , , ,

Economic Committee demands to postpone the parliamentary Tariff Act
07/05/2012 14:50

Erbil, May 7 / May (Rn) – The Economic Committee in the Iraqi Council of Representatives Monday asks to postpone the application of the Tariff Act because of its impact on the poor.

The Iraqi Finance recently decided to activate the Tariff Act in Iraq as of June next after Tagelin row.

A member of the Economic Commission Mayahi Aziz said in a statement distributed electronically to the media that the Iraqi government to stop the application of the Tariff Act and postponed.

He said that low-income people will be affected if the law applied.

He noted that the law must Ttabekaya after “improve the living situation of the Iraqi people because there will be a significant increase for many commodities.”

And the development of the new law discriminatory tariff starts from zero and up to 30%.

The new law eliminates the Tariff Act issue by the former governor Paul Bremer and the subject of all goods imported into the discount rate of 5% in taxes.

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A seminar on Iraq’s accession to the WTO

Posted: March 10, 2012 

On: Saturday 03/10/2012 8:20

held Department of Foreign Economic Relations, Ministry of Commerce educational seminar at the Ministry of Communications to identify and raise awareness about Iraq’s accession to the World Trade Organization (WTO).

An official source at the ministry, the lecturers gave a detailed explanation to ensure the emergence of the World Trade Organization, principles, and the overall objective of their expansion and liberalization of trade and increase production and optimize the use of global resources and ensure that developing countries

Especially the least developed on a large share of growth in international trade as well as focusing on the nature of the relationship between Iraq and the organization and discuss the required files of Iraq’s own accession process, and the mechanism of settlement of international disputes under the WTO.

The source added that accession will open up markets to 153 countries a permanent member of the organization and encourage increased exports to those Member States, leading to an influx of capital into Iraq as well as the exported goods to Iraq treated as national products, as well as to achieve accession to stimulate Iraqi products to compete with goods countries other and increase foreign investment helps to increase hard currency within the country.

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Ministry of Commerce and Trade: Continue tariff seminars what Iraq joining the WTO

Posted: January 26, 2012 

2012-01-26 13:30:52

Baghdad (IBA) … confirmed the Foreign Economic Relations at the Ministry of Commerce to continue the educational seminars to disseminate awareness ” Iraq’s participation of the World Trade Organization (WTO).

Where has set up a seminar hosted by the Ministry of Culture at its headquarters was to provide an explanation of these to the emergence of the organization and negotiations that were entered into with a view to accede to the special problems and constraints of legislation and laws is the duty of the state to be taken in order to have made gains that would make the Iraqi economy is strong in meeting the requirements to join the organization.

For his part, praised الدكتورعلاء Abu Hassan al-` *** the director-general of the safe house with interest and Minister of Commerce on the subject because of its importance in Iraq out of their isolation that have taken place during the past period and to keep pace with the development taking place in the world to Iraq of the organization as it had been his priority in this regard through the first rounds in 2004 and 2008.

Raised in the many questions by present for clarification on the mechanism of Iraq steps on accession.

Earlier, the Ministry of Commerce, held seminars in the Ministry of Planning and the General Authority for للكمارك and is in the process of communication for many similar seminars in the public and private sectors and the provinces and the ministry is seeking in the near future to set up the next council of Al Anbar governorate.

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Iraq Minister of Trade: Seminars to explain the importance of Iraq’s accession to the WTO

Posted: January 18, 2012 

Trade: sessions to explain the importance of Iraq's accession to the World Trade Organization (WTO)The Ministry of Commerce held educational seminars about Iraq’s accession to the World Trade Organization (WTO).

In a statement, the ministry received / Baghdadiya News / copy of it, “The organization is an entity permanent and is characterized by being possesses considerable power to mediate trade disputes among member countries and sets penalties Between countries, and identifies appropriate sanctions for different cases was founded in 1995 and based in Geneva, in the wake of the last session of negotiations on the Convention and the so-called Uruguay Round.

The statement added that “the organization competent Bcaan and laws on trade between the countries, which is engaged in monitoring national trade policies of member countries to resolve trade disputes and the application of agreements concerning the Organization of L.) GATT), designed for the purpose of reducing the tariff composting ownership and the rest of the restrictions on international trade in addition to providing technical assistance member countries, “adding that the organization aims to eliminate discriminatory treatment in international trade and promote multilateral trade and monitor the commitment of member countries all the agreements) GATT) as well as the negotiation and implementation of new agreements.

The head of the Economic Department of Foreign Affairs in the Ministry of Foreign Affairs, on behalf of Hattab Toma that the Ministry of Commerce leads the establishment of such seminars know all the principles and the importance of Iraq’s accession to the World Trade Organization (WTO) Mmalh of importance in the development of Iraq, the ranks of the major countries where the seminar included the definition of the organization and its goals and stages of the accession countries and the obstacles faced by the race to join them explaining the implications of Iraq’s accession to the Organization for the Iraqi industry and the economic situation in general and the diagnosis of the situation called for in light of the results of the analysis.

This included a seminar raised many questions posed by the attendees about the pros and cons of joining and the obstacles faced by Iraq to join. And will continue to the Ministry of Commerce to establish seminars identifiable organization in the rest of the ministries, where will be the next symposium next Sunday in the General Authority for Customs

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Adviser to Maliki: Iraqi government has not yet decided to get WTO membership; Laws and regulations needed

Posted: January 7, 2012 

07/01/2012 11:03

Baghdad, January 7 (Rn) – The legal adviser to Prime Minister Nuri al-Maliki said on Saturday that the Iraqi government has yet to decide once and for membership in the World Trade Organization, saying the continuation of Iraq as an observer in the Organization.

According to Fadhil Mohammed Jawad, told the Kurdish news agency (Rn) that “the Iraqi government has not yet taken a final decision on access to the membership of the WTO,” noting that “access to membership of the organization benefit the exporters of goods on the exemption of tax and facilitation of customs and other trade measures “.

The horse that “Iraq will continue to exercise his duties as an observer in the WTO but the final decision regarding its permanent membership in the organization has not been taken after the final,” noting that “Iraq’s access to such membership is in need of legislation and the laws of Iraq must approve including fit with the nature of the regulations set by the WTO. “

The Ministry of Trade and Industry of Iraq have shown earlier fears of the rush to get Iraq’s permanent membership of the WTO and said that “this would create confusion in the economy in the absence of legislation and economic controls eligible for this step.”

Iraq seeks to acquire permanent membership of the WTO instead of being a member of an observer as it is now.

The team was the Iraqi specialist to work on accession to the WTO was established on 13 December / December 2004, and presented a memorandum to obtain membership of the Organization on 16 September / September 2005, before the adoption of Iraq’s observer at the January 24, 2007, and began the first round of meetings of the Working Group of Iraq in 2007, followed by a second round of meetings in 2008, then the third round of the end of 2009.

The WTO was founded in 1995 and comprises 147 countries world as permanent members.

The WTO aims to create a world economic preserves the rights of the consumer and the product through the system of international laws by employing the full resources of the state and prevent the sale of goods with non-universal impulse.

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AND A WAY WE GO!!!!!!

Economists: it has become necessary to enter Iraq in the World Trade Organization

Posted: December 19, 2011 

Click here to return to homepageBaghdad (news) .. / report / .. A number of experts and those concerned with the economic importance of accession to the WTO, and the positive results that will accrue to the development in all sectors, and Shiddo during conversations (of the Agency news) on the need to work towards activating economic sectors in order to provide the necessary conditions to join under the umbrella of this organization, which regulates the business of major economic blocs in the world.

economic expert Ahmed Kadhim said that accession to the WTO requires among other processors of the reality of production and development in the country, particularly the proportions of the contribution of the agricultural sector, industrial and transport sectors and services in GDP fell to its lowest levels after they are no less than 30% in the cooled eighties in the last century and we note now that the rate of more than 93% of GDP comes from oil revenues.

He Kazem reporter (Agency news ) has to be noted that the Iraqi economy faces limitations are numerous and complex and must be faced rationally and pace consistent and programmed to be able to join the World Trade Organization.

He pointed out: that the most important selections are in the legislation of laws that govern goods and services to Iraq and consumer protection laws and control the dumping of the market, organization of tax policy, as well as directing fiscal policy to raise the proportion of investment and reduce public spending as much as possible, and to accelerate the building of infrastructure and high standard of efficiency and solve the electricity crisis in investment away from the routine, and he added to start working through the scientific plan and a clear and quick to support the industrial sector by entering a first stage, a partner with factories suspended from the mixed sector and is later retrieved amounts of support from the profits of that company after the modernization of production and improve product quality and diversification.

stressed Kazim, the need for the use of international expertise that is so, as well as support for the sector private sectors through laws and legislation with the allocation of some funds in support of the industries of this sector, and support the agricultural sector and to develop an urgent plan for the return of farmers to cultivate their land and investment products and provision of seeds, fertilizers, machinery, agricultural equipment and agricultural inputs.

as he emphasized the economic expert Nazim Ugaili the need and importance of that government have a policy clear economic, the phases stimulate the economy and create the infrastructure and then move to the production of active and continuing to raise the material returns at the end of the transition to the final stage, which includes the broad development and diversification of sources of production and upgrading services, and the fact that the country is ready to enter the World Trade Organization.
said Ugaili reporter (Agency news) is that currently requires the plan to cover the details of all stages of development that must be adopted by the country, under the schedule is final and in real earnest, as well as training and rehabilitation of young people unemployed according to well thought out plans accommodate them for distribution among the sectors of agriculture, industry and services in coordination with the private sector, Banking and policy guidance and direction to suit the investment needs of the country and is consistent with fiscal policy and enhance the productive capacity of the community.
d, an economist. Kamal Al-Basri said (of the Agency news): to enter the organization runs the many benefits is sufficient to note that more than 150 countries of the largest blocs of the global economic sits under the umbrella of the Organization, and a collection of other countries in the wait state, and added visual: that countries that as long as the closed windows of the economic (protection of the product local), the exposure to sudden pressures of globalization once displays its industry and products of the damage, and mindful of this situation may allow the organization of the States that are in the process of entry of the number of exemptions and allowances, noting that these allowances are not in the interest of the member states , and the attic is through meetings and rounds of discussion difficult and multi-that the ability to take advantage of these allowances depends on factors including the political and the other depends on the ability of the negotiating position of political states affecting the resolution (such as the United States) a major role in the entry or to block the entry of the organization.

He : The importance of diagnosis and the reality of the Iraqi economy, and the results can be achieved and that the absence of Iraq’s entry into the organization, which helps greatly in the development of the productive sectors.

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National Commission on Iraq’s accession to the WTO will hold its 29th meeting

Posted: December 19, 2011

Click here to return to homepage18/12/2011 20:29

BAGHDAD / Aswat al-Iraq: held at the Ministry of Commerce twenty-ninth meeting of the National Commission on Iraq’s accession to the WTO is headed by the Minister of Trade Khairallah Hassan Babiker, and includes members from all relevant Iraqi ministries.

According to a statement of the ministry has discussed the meeting, chaired by Hashim Mohammed Hatem Director General of the Department of Foreign Economic Relations on behalf of the Minister of Commerce and attended by members of the Committee of all the ministries and a representative of the Chamber of Commerce of Iraq and the Iraqi Industries Union a number of items and topics in the context of accession to the WTO and achievements, especially after Altfawdatin successful rounds of Iraq with the organization and the completion of the bulk of the files required by the WTO as well as laws and projects that have been added by the Iraqi government bodies to relate to activities organized by the Organization.

According to the statement were also discussed recent developments regarding the completion of tables to file the initial presentation of the goods should be submitted to the WTO for the purpose of negotiating it with the Member States of the Organization in the third round of negotiations with the WTO.

The meeting also discussed the necessity of activating private sector activity and to follow developments and proposals relevant to the organization and in line with WTO requirements and was recently formed Technical Committee on the role of the private sector and that have a link and connection with the services of the Ministry of Commerce on the private sector and the unions that represent the Iraqi private sector, In addition to review of views on the subject of Iraq’s accession to the WTO and Mo stop from joining the Iraqi government, through the two studies were prepared in this regard.

It was also emphasized during the meeting on the mechanism of action of the National Commission on Iraq’s accession to the WTO and the necessity that each member in turn, within the scope of his ministry in the clarification and education of the importance of joining and the benefits that will get Iraq to join and the possibility of developing solutions and treatments of the constraints faced by Iraq upon joining, and the emphasis Members of the National Committee of the necessity of cooperation and coordination with the Ministry of Commerce in order to expedite the examination and updating of files required by the WTO.

http://bit.ly/sGY5N4


WTO Meeting: Director-General Lamy to meet with Iraqi Finance Minister Tuesday

Posted: November 14, 2011 by THE CURRENCY NEWSHOUND 



Parliamentary Finance: Iraq will not get the membership of the World Trade under the current legislation

Posted: October 23, 2011 by THE CURRENCY NEWSHOUND 

Baghdad, October 23 / October (Rn) – The Finance Committee of the Iraqi Council of Representatives, Sunday, that the legislative obstacles standing in front of Iraq’s entry to the WTO.

Said committee member Abdul-Hussein al-Yasiri told the Kurdish news agency (Rn) that “current legislation does not turn Iraq into a free market economy because the House of Representatives needs to speed up the shift in order to receive a permanent membership in the WTO.”

He added that “the financial and economic committees and legal work to a study with the Ministry of Commerce for the development of economic legislation in order to join the World Trade Organization.”

He pointed out that “accession to the WTO will not be easy in the face of the continued economic legislation in its current form because the amendments and extensive studies have not been implemented.”

The Ministry of the Federal Trade for Iraq in order to accelerate access to permanent membership of the WTO would thinks changing the legislation would disrupt the Iraqi economy, but it is necessary to ascend  into the WTO.

The team was Iraq’s accession to the WTO was established on 13 December / December 2004, and presented a memorandum to obtain membership of the Organization on 16 September / September 2005, was the adoption of Iraq’s observer at the January 24, 2007, and began the meetings of the first round of the Group work in 2007, followed by the second round of meetings in 2008, then the third round of the end of 2009.

Iraq seeks to obtain permanent membership in the WTO rather than an observer at this time.
The WTO was founded in 1995 and includes 147 countries world as permanent members.

The organization aims to create a world economic preserves the rights of the consumer and the product through the system of international laws by employing the full resources of the state and prevent the sale of goods with non-universal impulse.

http://bit.ly/ruZaRs


Iraq worried about rush to become a member of the World Trade Organization

Posted: September 27, 2011 by THE CURRENCY NEWSHOUND  

Baghdad, September 27 / September (Rn) – the Commerce Department showed the Iraqi fear of the rush to Iraq to get permanent membership of the WTO and said that this would create confusion in the economy in the absence of legislation and economic controls eligible.

The Chairman of the Legislation Committee of the Committee to join the World Trade Organization Ali that “speed up the procedures to join WTO and to obtain permanent membership without making broad changes in business dealings will cause major economic problems of Iraq.”

He told the Kurdish news agency (Rn) on Tuesday, that “there is a need to enact legislation supporting the economic transformation of Iraq from a closed economy to a free and activating the role of Iraq in the global market.”

Iraq seeks to obtain permanent membership in the WTO rather than an observer member, as is the case at the moment.

Abdul Razak pointed out that “Iraq to gain full membership in the organization depends on the extent of legislation on its system of economic and the flexibility of the Iraqi economy.”

The team was Iraq’s accession to the WTO was established on December 13 / December 2004, and presented a memorandum for membership in the organization on September 16 / September 2005, was the adoption of Iraq observer at January 24, 2007, and began the meetings of the first round of the Group work in 2007, followed by a second round of meetings in 2008, then the third round the end of 2009.

He pointed out that “joining Iraq in a series can only be submitted after the Iraqi list of amendments to the legislation and the level of economic applications for the development of private banking.”

“The accession will contribute to reducing unemployment and expanding the activities of the national industry in both its private and government sectors and make better use of resources and provides multiple options for Iraqi consumers.”

The WTO was established in 1995 and comprises 147 countries world as permanent members.

The organization aims to create a world economy that preserves the rights of consumers and product through the system of international laws by hiring a full state resources and prevent the sale of goods with non-universal impulse.

http://bit.ly/qKL1O2


The first and original post is below the recent one showing Iraq having to have an open market currency to be a member!

Finance

Iraq in negotiations to become WTO member
22/05/2011 13:34 Erbil, May 22 (AKnews) - Iraq is negotiating to become a full member in the World Trade Organization (WTO), the trade minister said today.
World Trade Organization
Kheirullah Hasan told AKnews that the negotiations have been going on behind closed doors for a while running and will resume in Morocco soon.

Iraq is currently an honorary member in the WTO, which has 152 permanent members. At present the members treat Iraq solely as a business partner. If the country is granted permanent membership, it can interact with members in the four main fields of health, agriculture, trade and economy.


The minister said that no specific timescale has been laid out for the conclusion of the talks.


The WTO only allows countries who have opened up their economies through free-market reforms to become full members. Iraq has started to implement these kinds of changes, following decades of moving towards more a more state-centric economic model.


By Fryad Mohammed

LH/PS


Categorized | Industry & Trade Iraq needs to be a member of WTO 

Posted on 13 April 2010. Tags: WTO  Iraq needs to be a member of WTO

Iraq needs a new study for its economic system to be a member in the World Trade Organization (WTO),” an official in the Iraqi Finance Ministry said today.

 ”The Iraqi committee gave its final results about the Iraqi acquisition of the membership in the World Trade,” The Economic Advisor in the Finance Ministry, Abdul Alim Kadhim, told The Independent National News Agency of Kurdistan (AK news)

The Committee called for reducing the difference between the U.S. dollar and the Iraqi dinar, activate the role of the private sector, open the world markets in Iraq with customs on imported goods that commensurate with the economic laws applied in the country,” he added

The Iraqi team to annex Iraq to the WTO was formed on December 13, 2004, and it presented a memorandum to join the organization on September 16, 2005. Iraq became an observer in the WTO on January 24, 2007, and the meetings of the first round of the Working Group began in 2007, followed by a second round in 2008, and the third and last round was in 2009.

 ”The organization called Iraq to pay half of its debts, in order to be a member in the WTO which will improve the economic and commercial situation in the country,” Kadhim pointed out.

He stressed on the need of improving the Iraqi economy according to modern economic frameworks found at the present time among the economically developed countries.

The World Trade Organization WTO was formed according to Bretton Woods convection at the end of 1944 in the United States, accompanied by the formation of the International Monetary Fund and the World Bank.

It includes approximately 150 countries and has several functions that aim to remove the distortions found in the trade patterns between the States and the establishment of multilateral trading system more stable and more opened and has the ability to predict, in addition to addressing the customs and non customs barriers, as well as addressing the communication problems, building services, and address the matters pertaining to the international investment, and resolve the international trade disputes.

It also aims to expand the exchange of goods through the reduction of customs and opening world markets for goods and services (except oil).





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