After the important steps and achievements made by the government in more than one file and sector, it was the turn to address the world and confirm that Iraq has become an economic power that should not be underestimated, and has all the qualifications and capabilities to join the World Trade Organization (WTO) after completing all preparations for that. The government headed by Prime Minister Mohammed Shia Al-Sudani has set, within its government program, a clear vision for the economic future in Iraq, which included setting timetables for achieving the liberalization process and focusing on sectors with high potential such as agriculture, industry and services, which contributes to accelerating accession to the organization. According to the spokesman for the Ministry of Commerce, Mohammed Hanoun, to Al-Sabah, “All preparations were completed by the government team representing all ministries, which held an important meeting in Abu Dhabi headed by Minister of Commerce Athir Dawood Al-Ghariri.” He explained that “Iraq has fulfilled all the requirements for joining the organization, through a package of legislation and laws currently being discussed to reform the current legal system to be in line with the requirements and controls of the international organization, such as coordinated trade policies throughout the country, including tariff rates and customs procedures.” Experts believe that joining the organization will be a “major achievement” for the government, especially since it has great benefits, including increasing Iraqi exports and contributing to stimulating economic growth. Hanoun praised “the efforts of the Kingdom of Saudi Arabia through its team in the organization, through coordination with it, as it is the main partner in Iraq’s accession to this international organization.” He stressed that “all ministries are working to ensure that the team has the information that helps it join the organization, especially since joining the World Trade Organization benefits Iraq in expanding free trade.”
Iraq announced the completion of its file to join the World Trade Organization, which is an important step that comes in the context of the economic tasks that the government has placed upon itself and has accomplished a large portion of them.
The spokesman for the Ministry of Commerce explained that there is an Iraqi team that includes members from all ministries that recently held a meeting in the United Arab Emirates, in which it was announced that Iraq has completed all preparations that would expedite the submission of Iraq’s file to the international organization.
The World Trade Organization is the most prominent international trade entity. It was formed in 1994 to ensure freedom of trade and ensure the smooth and transparent movement of goods with the aim of strengthening the trade system and increasing the volume of investments and employment, which ultimately leads to the growth of the incomes of its member states.
Under this general description lie extremely important economic objectives such as allowing goods from the member state to reach all other countries, giving the private sector exceptional importance, eliminating barriers between member states, defending their trade rights, and finally reducing prices through the gradual elimination of customs tariffs.
By Iraq fulfilling the requirements for joining this organization, we will have covered the most important distance to see Iraq as an active member in it, which indicates the world’s confidence in the Iraqi economy and Iraq’s desire to integrate into the global economy after decades of isolation, and confirms the government’s keenness to activate sectors that were neglected, such as agriculture, industry, and services.
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