April 3, 2011
Iraq's accession to the WTO
Basri: the rule of law is a fundamental factor for Iraq's accession to the WTO
Dr. Kamal Al-Basri resolve the debate over Iraq's accession to the WTO, stressing that Iraq's entry into the organization can not materialize without the rule of law.
He identified four scenarios for the future prospects of Iraq's accession to the WTO is the first case and called it (Palmtvailp) and embodied the rule of law and enter the World Trade Organization and the second case, called the (opportunity lost) and embodied the rule of law and not enter the atmosphere of the organization.
The third case (disappointment) is embodied into the organization and not achieving the rule of law, the so-called fourth case (desperate), which reflected the absence of the rule of law and not to join the organization.
Thus concluded the optical study labeled (the Iraqi economy and the draft to join the World Trade Organization) These conclusions built by visual in the light of figures and statistics adopted in his study after his analysis of the economic realities across different sectors of the agricultural, industrial, public, private sector and the percentage contribution of each sector in the gross domestic product.
Prior to this view the visual impact of the accession countries of the Organization experiments using a number of Arab and foreign countries, including oil and other non-oil.
He pointed out the benefits and gains for the countries that have joined, and to the negative impacts on some countries, will come out the details in-depth dialogue result was dominated by gains for countries that did well dealing with the joining of the negative effects of some economies that did not have the ability to achieve its goals.
In order to develop a vision for the future of the Iraqi economy and the effects of membership requirements initiated development of visual possibilities of the four that depict the different situations that could be the Iraqi economy by 20 years after the entry of the Organization and the assumption that Iraq enjoyed a grace period (5-8 years).
He Basri, said Iraq will get the privileges of trade and investment in the event of a phase optimistic that summed up the need for the rule of law with the entry of Iraq into the World Trade Organization and its promise, giving better conditions for growth and economic development through the growth of competitiveness of production thanks to the entry of advanced technology and foreign capital.
With the exception of the opportunity lost in the case of embodiment of the rule of law and not to enter Iraq to the atmosphere of the organization, stressing deprive Iraq in such a situation of trade concessions, and it remains dependent mainly on oil revenues for development and the reality that economic growth here far less than it is in the situation optimistic.
As for the disappointment and of access to the organization without ascertaining the rule of law as the result of this situation not to enter foreign investment and the failure of technology and increasing reliance on oil revenues and the weakness of private sector activity, with the exception of the fourth stage Bagliaisp in the absence of the rule of law and not to join the organization, a condition very similar to the far the current circumstances, according to visual
The workshop was tagged (Iraq .. and the WTO, organized by the Iraqi Institute for economic reform) on Saturday had seen throw the opening words to a representative of the Minister of State for Parliamentary Affairs and Minister of Commerce and former agency d. Purity of net debt and a representative of the Ministry of Commerce, where they were reviewing the current stage, it turned out the committee charged with following up the subject.
Then presented a study on the foreign trade of the academic researcher and the flames of Thomas prospects and objectives and the data of foreign trade and its importance in achieving economic development programs.
The second study was presented by Dr Muzaffar Ali has dealt with the experience of Jordan's accession to the WTO.
Participated in the workshop, chaired by the President of the parliamentary economic committee d. Ahmed Sulayman al-Alwani, a large number of academics, economists, officials and businessmen.
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