On: Wednesday 9/28/2011 6:28
Expressed fears the Iraqi Ministry of Commerce 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 commercial transactions would cause economic problems large to Iraq. “He told the Kurdish news agency (Rn) on Tuesday, that” there is a need to enact economic legislation supporting Iraq’s transition from a closed economy to a free and activating the role of Iraq in the global market. “Iraq is seeking to obtain permanent membership in the WTO rather than an observer member, as is the case at the moment. He pointed out that Abdul Razak, “Neil Iraq for 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, especially in relation to the development of 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 origins.