03/02/2011Economist: Iraq on the investment potential and possibilities before joining the World Trade Organization
He may return a negative impact on the country (in the short term)
بغداد- حيدر فليح الربيعي BAGHDAD - Haider al-Rubaie Filaih
He is an economist that the process of accession to the WTO will return many of the pros to Iraq, noting that these pros will appear gradually after the process of accession of times that time, medium and long, but the researcher did not deny the chance that the Iraqi economy to some dilemmas as a result of this joining in the short term, which prompted him to say: that accession to that organization carries with it issues also negative.
Dr. Bakr Ibrahim Mahmoud teaching in the Faculty of Business and Economics Mustansiriya University during his speech for the (morning):
The effects of accession to (WTO) on the economies of multiple and different from what is negative and what is positive depends on the nature of economic activities and the degree of progress as most of the benefits are by countries with developed economies, while negatively affected developing economies, especially imported food more than others, which called for Abraham to put more of a question about that joining and what are the results and implications of this accession and what would get Iraq from joining it can be promoted and achieve economic progress particularly in the agricultural sector, where suffering a lot of structural imbalances and the low level of agricultural technology and modern reliance on the outside to get inputs and production requirements and the inability to compete in domestic and overseas markets as well as the problems of agricultural land and water scarcity and poor financing capacity and investment, marketing and other, what prompted him to stress that those questions were taken and since the Iraq decided to join the World Trade Organization [world trade organization], which summarize the (WTO) in 2004 a large portion of the concerns of economists and thinkers, researchers and observers of the Iraqi to see the results and implications for the accession to the Iraqi economy, particularly the agricultural economy, which should be the spotlight for this sector of location between the main production sectors of the national economy ..
And Ibrahim that Iraq is classified in the group of developing countries, which means, according to the expert that the positives of joining will be looming on the long-term while the negatives are predominant in the short term, especially those that are the costs of transition to alternative policies which will be forced Iraq to be pursued in accordance with the terms of the Accession Treaty, including cancellation of support and protection for agricultural products, leading to a decline in domestic production and the difficulty of his rival for similar products imported and thus flooding the market with imported goods which is prevailing upon and in the presence of support, how it becomes the case if it was to cancel the support in the words of Abraham, who explained that the positive effects will be few in the long short and it is hoped to increase the area of long-term, especially with Iraq's acquisition of modern agricultural technology and the ability to develop the agricultural sector and the development of export products to achieve the benefit, through access to foreign markets and to adapt to global trends in agricultural policy ..
He called Abraham, to join a positive and fruitful for Iraq to the (WTO) and to achieve the supreme national interest of the country and ensure a bright future and promising for the agricultural sector and other sectors to the need to avoid negative impacts and try to reduce it as much as possible and promote benefit from the advantages of accession and integration into new global economy and this requires the optimum exploitation of the potentials and energies available and try to create a management capable of managing the reality of development is the best ..
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Links to Iraq and WTO ...
