Iraq Gets a Warning from the WTO Today

Date: 09/06/2012 11:31:30 Thursday

Baghdad (news) .. Warned the Chairman of the Economic Committee MP / coalition in Iraq / Ahmed al-Alwani, the possibility of exposure of the national economy "major setback" in the event of any tremor in global oil prices, as a result of oil dependence, and will join the World Trade Organization (WTO) a distant dream.

Alwani said (of the Agency news) on Thursday: The requirement to join the World Trade Organization (WTO) is economic integration, which relies on multiple sources of income-generating economy, noting: that Iraq's economy yield unilateral and not clearly defined.

He pointed out: that Iraq is 95% dependent on oil imports in the building scientist state budget, As A_khasas (7% of the general budget of the operating budget and leave 30% of the investment budget is a non Saeb and Idhwr the country's economy.

The Alwani: that Iraq's economy needs to be legislation of laws important not vote on it until now also needs to balance strong business and balance of capital and governance strong economic enable Iraq to join the organization without any problems costing Iraq, many if teamed without these ingredients.

He explained: must enact laws important to maintain domestic production and consumer protection Iraqi to face the challenges and access to the powers and determination, stressing that the WTO will provide all the facilities of the country organized it, but only if there is economic integration of the country. https://translate.google.com/translat...iew_54626.html