April 5, 2010Adviser: Iraq needs to regulate the economy for membership of the World Trade
Baghdad, An official in the Iraqi Ministry of Finance, said on Monday that Iraq's acquisition of the membership of the World Trade needs to a new study of the economic system in the country.
The Economic Adviser in the Ministry of Finance Abdul Alim Kadhim told Kurdistan News (Akaniwz) that "the committee set up in Iraq had earlier about how the final results of Iraq's acquisition of the membership of the World Trade."
Kadhim said "the Committee called for reducing the difference between the U.S. dollar and the Iraqi dinar, and activating the role of the private sector, and the opening of world markets in the Iraq budget of customs tariffs on imported goods, which commensurate with the economic laws in force in the country."
Established team Iraqi annexation of Iraq to the WTO on December 13, December 2004, and presented a memorandum to join the organization in the September 16, September 2005, was adopted Iraq as an observer at January 24, 2007, and began the meetings of the first round of the Working Group in 2007 , followed by a second round of meetings in 2008, and the end of the third round of meetings in 2009.
The Kazem "FAO called upon Iraq to pay half his debts in order to allow him to membership of the WTO, which would improve the economic and commercial reality in the country."
Kazem stressed the need for the rise of the Iraqi economy in line with modern economic frameworks in place at the present time between the economically developed countries.
And formed the World Trade Organization TOW under the Convention on the Bretton Woods the end of 1944 in the United States, accompanied by the formation of the International Monetary Fund and the World Bank under this Convention, and currently has approximately 150 countries, and has several functions aimed at removing distortions that plague the patterns of trade between the States and the establishment multilateral trading system more stable and more open and has the ability to predict, in addition to addressing the customs tariff and customs barriers, as well as addressing the problems of communication, building services, and to address matters pertaining to international investment, and resolve international trade disputes.
It aims also to expand the exchange of goods, through the reduction of tariffs customs and opening world markets to the movement of goods and services (excluding oil), and is organized under the United Nations system, and depend on the negotiating mechanisms based on business partnerships, not dependent on the vote in the decision-making, Thus, they succeed and sometimes fail at other times in their negotiations among its members, the organization tries to impose the liberalization of trade policies of member countries, and away from government intervention in the private sector.
(آكانيوز) ج م 5/4/2010 (Akaniwz c) m 5/4/2010
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