Economists: it has become necessary to enter Iraq in the World Trade Organization
Date: Mon 12/19/2011 8:29

Baghdad (news) .. / report / .. A number of experts and those concerned with the economic importance of accession to the WTO, and the positive results that will accrue to the development in all sectors, and Shiddo during conversations (of the Agency news) on the need to work towards activating economic sectors in order to provide the necessary conditions to join under the umbrella of this organization, which regulates the business of major economic blocs in the world.

Economic expert, Ahmed Kadhim said that accession to the WTO requires among other processors of the reality of production and development in the country, particularly the proportions of the contribution of the agricultural sector, industrial and transport sectors and services in GDP fell to its lowest levels after they are no less than 30% cooled in the eighties in the last century, and now we note that the percentage of more than 93% of GDP comes from oil revenues.

Kazim said the reporter Agency (news) has to be noted that the Iraqi economy faces many limitations and complex and must be faced and the steps reasonably consistent and programmed to be able to join the World Trade Organization.

He pointed out: that the most important selections are in the legislation of laws that govern goods and services to Iraq and consumer protection laws and control the dumping of the market, organization of tax policy, as well as directing fiscal policy to raise the proportion of investment and reduce public spending as much as possible, and to accelerate the building of infrastructure and a high standard efficiency and solve the electricity crisis in investment away from the routine, and he added to start working through the scientific plan and a clear and quick to support the industrial sector by entering a first stage, a partner with factories suspended from the mixed sector and is later retrieved amounts of support from the profits of that company after the modernization of production and improve product quality and diversification.

He stressed Kazim on the need to use international expertise that is so, as well as providing support to the private sector through laws and legislation with the allocation of some funds in support of the industries of this sector, and support the agricultural sector and to develop an urgent plan for the return of farmers to cultivate their land and investment products and provision of seeds, fertilizers, machinery, agricultural equipment and production requirements of agriculture.

As Chief Economist Nazim Ugaili the need and importance of that government have a clear economic policy, the phases stimulate the economy and create the infrastructure and then move to the production of active and continuing to raise the material returns at the end of the transition to the final stage, which includes the broad development and diversification of sources of production and upgrading of services, and the fact that the country is ready to enter the World Trade Organization.

Said Ugaili reporter (Agency news) that currently requires the plan to cover the details of all stages of development that must be adopted by the country, under the schedule is final and in real earnest, as well as training and rehabilitation of young people unemployed according to well thought out plans accommodate them for distribution among the sectors of agriculture, industry and services in coordination with the private sector, and banking policy guidance and direction to suit the investment needs of the country and is consistent with fiscal policy and enhance the productive capacity of the community.

Economic expert, Dr.. Kamal Al-Basri said (of the Agency news): to enter the organization runs the many benefits is sufficient to note that more than 150 countries of the largest blocs of the global economic sits under the umbrella of the Organization, and a collection of other countries in the wait state, and added visual: that countries that as long as the closed windows of the economic (protection of the product local), the exposure to sudden pressures of globalization once displays its industry and products of the damage, and mindful of this situation may allow the organization of the States that are in the process of entry of the number of exemptions and allowances, noting that these allowances are not in the interest of the member states , and the attic is through meetings and rounds of discussion difficult and multi-that the ability to take advantage of these allowances depends on factors including the political and the other depends on the ability of the negotiating position of political states affecting the resolution (such as the United States) a major role in the entry or to block the entry of the organization.

He said: The importance of diagnosis and the reality of the Iraqi economy, and the results can be achieved and that the absence of Iraq's entry into the organization, which helps greatly in the development of the productive sectors. / End / 12.'s. Meters /