On: Wednesday 07/11/2012 12:06
Baghdad (news) .. Most likely a member of the Finance Committee MP / National Alliance / Secretary Hadi, lifting the seventh item imposed by the United Nations on Iraq soon after ongoing negotiations with Kuwait to extinguish or pay financial debts to it.
said Hadi (of the Agency news) on Wednesday: There are committees composed of by both Iraq and Kuwait on how to pay financial debts owed to Kuwait and turn off each other, adding that negotiations are ongoing and continuous for the purpose of raising Iraq’s Chapter VII imposed on it by the United Nations since the nineties of the last century.
He added that these negotiations will bring positive results to lift the Chapter VII soon and perhaps this year. and give Iraq the membership of World Trade, said that Iraq’s entry into the WTO is not subject to the lifting of Chapter VII, but there are some countries powerful this organization required the lifting of all UN resolutions imposed on Iraq to be granted membership of the organization.
He noted : that Iraq does not need this organization unless it has a robust economy, backed by the sectors of great economic Kalsnaaah and agricultural because the local product is unable to products imported from large countries that have membership in the organization, as well as they need political stability and security in the country because the border Iraq will be open to States to supply their goods to Iraq.
and founded the World Trade Organization in 1995, and is one of the smallest organizations the global age, and is the successor to the General Agreement on Tariffs and Trade (GATT), which was established after World War II, and its primary objective is to help the flow and the flow of trade smoothly and freedom. include membership of the WTO more than (140) members representing more than (90%) of world trade.
The previous system was ordered to invade Kuwait in 1990, the impact imposed on Iraq sanctions from the international community and put under Chapter VII, which makes countries it threatens international peace and security. included international sanctions prevented the import of chemicals and nuclear technology that could be used in the programs of secret nuclear, chemical and biological weapons. Has allowed the United Nations in 1995 for Iraq to sell oil in return for food, called the program (Oil for Food) No. (986).