Yesterday, Iraq announced the completion of its file to join the World Trade Organization, which is an important step that comes in the context of the economic tasks that the government has placed upon itself and has accomplished a large portion of them.
The spokesman for the Ministry of Commerce explained that there is an Iraqi team that includes members from all ministries that recently held a meeting in the United Arab Emirates, in which it was announced that Iraq has completed all preparations that would expedite the submission of Iraq’s file to the international organization.
The World Trade Organization is the most prominent international trade entity. It was formed in 1994 to ensure freedom of trade and ensure the smooth and transparent movement of goods with the aim of strengthening the trade system and increasing the volume of investments and employment, which ultimately leads to the growth of the incomes of its member states.
Under this general description lie extremely important economic objectives such as allowing goods from the member state to reach all other countries, giving the private sector exceptional importance, eliminating barriers between member states, defending their trade rights, and finally reducing prices through the gradual elimination of customs tariffs.
By Iraq fulfilling the requirements for joining this organization, we will have covered the most important distance to see Iraq as an active member in it, which indicates the world’s confidence in the Iraqi economy and Iraq’s desire to integrate into the global economy after decades of isolation, and confirms the government’s keenness to activate sectors that were neglected, such as agriculture, industry, and services.
alsabaah.iq
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