Tuesday, May 11, 2010

Iraq and WTO ~ To join the World Trade Organization requires legal reforms and the general legislative ...


May 12, 2010

To join the World Trade Organization requires legal reforms and the general legislative

بغداد – حسين ثغب التميمي BAGHDAD - Hussein al-Tamimi Tgb

Said Dr. Muzaffar Hosni Ali, professor of economics at the University Mustansiriya that Iraq has submitted a request to join the WTO since 2004, and this requires that the government provide documents relating to agriculture and services in addition to the technical barriers facing the external trade sector and health-related matters and intellectual property .. .

He pointed out that this would require a plan of action to the Government intends to legislative Any change in the organizational aspects and legislation in line with the conditions of accession to the WTO.

Ali said in an interview with the (economic morning) of the major advantages that can be obtained by Iraq when he joined the organization to attract foreign investment because the infrastructure of the Iraqi economy was affected by many for decades and the resulting devastation to Iraq has become a need to invest in all areas at a time disable the local investment to meet these needs.

At the time of need foreign investment to a stable environment, and provide appropriate legislation for the exercise of its activities.

In the event meet Iraq to the conditions of accession to the WTO, it will provide an attractive environment for foreign investment and this will result in an increase in foreign trade volume also increased investment will help diversify the economy so that Iraq can not depend on oil as the sole source of income. In addition to opening markets and opportunities new products to Iraq.

Particularly Iraq had the potential of several decades ago in several industries and enjoys a good reputation in foreign markets such as the textile industry, leather industry and the cement industry, petrochemical and food industries ... And others in addition to agricultural products such as date palm, livestock ... وكان لها اسواق خارجية وصادراتها تنمو باستمرار . And have had overseas markets and exports growing.

However, the economic policies that have been implemented in the fluctuation of production and degradation are continuing, leading to the loss of the ability to export.

It is possible to restore Iraq's standing trade after the accession to the WTO and for Iraqi industry development opportunities and modernization at the level that makes them able to compete globally.

He explained that the most important advantages that will get Iraq's openness to services and provide new opportunities for service providers because Iraq is behind the very services that the accession to the WTO will provide many opportunities for suppliers of services in areas such as banking, insurance and telecommunications .... and other sectors.

And protect the interests of Iraq through the dispute settlement body of the organization. Where is understanding to resolve conflicts in the organization and the most important achievements of the organization is also the organ of the Organization to settle disputes-the-art equipment to resolve disputes, most effective in international relations, owing to the adoption of the adjustment mechanism of the Organization of the principle of mandatory prosecution and enforcement of judgments, two of the most important elements of success of any legal system international or local.

The organization adopts the concept of solving international conflicts in general diplomatic means and are based on flexible procedures and avoid situations of profit and loss. As well as the legal procedures are based on the application of legal texts to particular situations.

As well as the updating of regulations and legislation of new laws in various areas of economic activity: a major problem that has plagued Iraq is that the laws and regulations in force are still linked to the nature of political and economic system that prevailed throughout the past decades, which is not proportionate with the transformations of new and this requires intensive efforts to update regulations and legislation of new laws in the various spheres of economic activity and in line with the conditions of accession to the WTO, and in fact this is a good opportunity and can take advantage of the technical services provided by the Organization in this area in order to speed up legislation of laws and updated regulations.

In achieving all of the above, Iraq will be able to restore the economic position in the international community.

On the subject of the challenges facing Iraq to join the World Trade Organization said that the challenges are many and can not be covered briefly, as it can not be condoned, and most important is that the accession to the WTO requires the updating of regulations and legislation of new laws, this quest must be accompanied by economic reform and social effect on a large scale. For example, the absence of laws related to supporting national product, since the existence of this law shows the government's position on the issue of support to the private sector and to identify economic sectors that the government will continue its support after accession to the WTO.

The provision of the conditions of accession to the WTO and negotiate with not Manmam the Ministry of Commerce alone, but is supposed to be involved other relevant ministries such as agriculture, industry, health attention to this matter and provide necessary facilities, holding seminars and awareness of the importance of accession to the World Health Organization. In addition to the absence of the role of the private industrial sector of Iraqi Federation of Industries and the absence of a professional union for farmers, as well as for exporters and importers ..

alsabah