Wednesday, February 25, 2026
A new round of negotiations to join the World Trade Organization
A new round of negotiations to join the World Trade Organization
Iraq is continuing its technical and legislative preparations to complete its accession process to the World Trade Organization, a move reflecting its efforts to strengthen its integration into the global economy and create a more stable and attractive investment environment. The Ministry of Trade confirmed that work is progressing rapidly to update the technical files related to goods.
In addition to reviewing the memorandum on the foreign trade system, in line with the new decisions relating to customs tariffs, as part of preparations for the fourth round of negotiations with the member states of the organization.
The spokesperson for the Ministry of Trade, Mohammed Hannoun, explained to Al-Sabah that the technical teams are continuing to complete the updating of the required data and information, in preparation for resuming negotiations on the goods and services files, which are among the basic pillars in the accession process.
He noted that the timeframe for Iraq's full membership in the organization remains contingent on progress in completing these negotiations, as well as the stability of the domestic economic situation. He expressed hope that Iraq's acceptance as a member would be announced in 2028-2029, provided the procedures proceed as planned.
Addressing the reasons for the delays in the accession process over the past years, Hanoun explained that one of the most significant factors was the failure to enact several important economic laws during the previous parliamentary session, most notably the draft Intellectual Property Law, which is considered essential for fulfilling Iraq's obligations to member states.
This law is viewed as part of a package of legislation necessary to guarantee the protection of commercial and industrial rights and to align the domestic legal environment with international trade rules.
According to experts, Iraq faces a number of objective challenges that require careful consideration before fulfilling the membership requirements. Foremost among these challenges is the continued heavy reliance on the oil sector as the primary source of revenue, given the weak diversification of the national economy's productive base. There is also a pressing need to modernize the legislative framework in the areas of trade, investment, and government subsidies, in order to align with the organization's rules and minimize any potential conflicts with its commitments.
Among the key areas of focus are the harmonization of customs and trade policies, enhancing transparency in administrative procedures, simplifying import controls, and developing the institutional and technical capacities of the entities responsible for managing the accession process and implementing international obligations. These steps are essential to ensure an orderly transition to a more open and competitive trade environment, without causing sudden shocks to the domestic market.
In the same context, the Administrative Undersecretary of the Ministry of Agriculture, Dr. Mahdi Suhr al-Jubouri, affirmed that Iraq has reached an advanced stage of negotiations, particularly regarding aligning agricultural policies with international standards. In a statement to Al-Sabah newspaper, he explained that the Ministry is working to adapt to the requirements of the Agreement on Sanitary and Phytosanitary Measures (SPS) of the World Trade Organization, which allows countries to take measures to protect human, animal, and plant health, while adhering to international standards issued by recognized institutions such as the International Plant Protection Convention and the World Health Organization.
Al-Jubouri explained that the legal framework governing the agricultural sector includes legislation that complies with international standards, such as the Animal Health Law No. (32) of 2013 and the Agricultural Quarantine Law No. (76) of 2012. These laws regulate pest and disease prevention measures, import controls, oversight of health certificates, and the application of agricultural quarantine rules at border crossings. He noted that these laws form an important foundation for enhancing confidence in Iraqi agricultural products in foreign markets.
In contrast, Al-Jubouri warned that the anticipated trade liberalization upon joining the WTO would lead to increased competition in the Iraqi market due to the gradual reduction of customs barriers, posing challenges for local producers, particularly in the agricultural sector. He emphasized the need for targeted and regulated agricultural support within clear legal frameworks to contribute to increased production efficiency, improved quality, and enhanced competitiveness.
Economic experts believe that completing the accession process represents a strategic step to enhance Iraq’s position in the international trading system, provided that this is accompanied by genuine structural reforms that contribute to diversifying the economy, improving the business environment, and developing the legislative and institutional infrastructure. link
MNT GOAT: Iraq Reinstatement Update: Election Stability & What Must Happen Next
Iraq Reinstatement Update: Election Stability & What Must Happen Next
MNT GOAT Perspective – Stability Before Reinstatement
Many investors are asking the same question:
Why hasn’t reinstatement happened yet?
The core issue appears to center around one critical factor: government stability in Iraq.
Before any significant monetary shift can occur, Iraq must finalize its election process and secure a stable, internationally recognized government. Without that foundation, major currency action from the Central Bank of Iraq(CBI) would be premature.
Political Shift: Iraq at a Crossroads
Recent political tensions have intensified scrutiny around key figures such as Nouri al-Maliki. Analysts suggest his political footing has weakened amid shifting alliances and pressure for reform.
Supporters of reform policies often credit actions initiated during the administration of Donald Trump for applying diplomatic pressure aimed at reducing foreign influence inside Iraq.
A broader strategic objective frequently discussed in investor circles is the reduction of pro-Iranian dominance in Iraqi political structures. A fully sovereign, stable Iraq is widely viewed as essential for currency normalization.
The “Reset” Narrative: What Does It Really Mean?
The term “global reset” is often used loosely. From a financial perspective, a reset typically refers to:
Debt restructuring
Trade realignment
Reserve diversification
Currency recalibration
Shifts in geopolitical alliances
These changes do not occur overnight. They unfold in phases.
The argument presented is that this reset is already underway globally — affecting trade, reserve assets, and national sovereignty strategies.
However, currency reinstatement in Iraq would be one component within a broader macroeconomic transition, not an isolated event.
Featured Snippet Section
What Must Happen Before Iraq Reinstatement?
Before reinstatement can occur, Iraq must:
Complete election disputes.
Form a stable, recognized government.
Maintain strong reserves.
Control inflation.
Ensure banking reform readiness.
Stability precedes valuation change.
Why Government Stability Matters for Currency Value
Currency strength is tied to:
Political certainty
Economic policy consistency
Central bank independence
International confidence
Without stability, foreign investment slows and currency adjustments become risky.
The U.S. Midterm Factor & Global Politics
Some observers link U.S. political dynamics to broader Middle Eastern policy shifts. The argument suggests that continued policy consistency in Washington impacts reform momentum abroad.
While U.S. midterm elections influence domestic governance, Iraq’s currency decisions ultimately rest with Iraqi institutions and international financial coordination.
It is important to separate:
Political opinion
Monetary mechanics
Institutional authority
The CBI acts based on economic indicators — not campaign cycles.
Weather, Global Tension & Economic Sentiment
Periods of global stress — whether political, economic, or environmental — often increase volatility in markets.
However, currency reform decisions rely on measurable metrics:
Foreign exchange reserves
Inflation rates
Fiscal discipline
Banking sector readiness
Emotional or geopolitical turbulence alone does not trigger reinstatement.
Are the Five Key Conditions Met?
Though various analysts define conditions differently, commonly cited prerequisites include:
Stable government formation
Strong reserve backing
Controlled inflation
Banking system modernization
Structured note reform (including three-zero note strategy)
Iraq has reportedly made progress in:
Reserve accumulation
Digital banking expansion
Anti-corruption initiatives
Monetary policy enforcement
But the final green light depends on internal CBI timing and international coordination.
Q&A Section
Q1: Is reinstatement guaranteed once elections conclude?
No. Elections are one major condition, but monetary adjustments depend on multiple economic variables.
Q2: Does U.S. political leadership directly control Iraq’s currency?
No. The Central Bank of Iraq operates independently, though international diplomacy can influence economic conditions.
Q3: Is there a confirmed date for reinstatement?
No confirmed public date exists. Any adjustment would be officially announced by Iraqi authorities.
Q4: What role does the CBI play in the three-zero note process?
The CBI oversees currency restructuring, including any potential redenomination or swap-out mechanisms.
What Happens Next?
If Iraq successfully:
Finalizes its government
Maintains reserve strength
Sustains low inflation
Continues banking reform
Then the probability of a structured monetary adjustment increases.
However, reinstatement is not based on speculation, prophecy, or political emotion.
It is based on readiness.
Final Thoughts
Investors must stay grounded in fundamentals.
Stability first.
Reform second.
Adjustment third.
Major currency changes occur when:
The economic data supports them
Political stability is secured
Central banks determine timing is appropriate
Optimism is understandable. But disciplined analysis remains essential.
Stay informed. Stay balanced. Stay prepared.
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MNT GOAT
SUMMARY:
I certainly wish I had much better news for everyone today like news of the reinstatement but that is not yet the case. If they can get this election mess completed and get a STABLE government, we have a real chance to see this reinstatement soon, and I mean very soon.
As the articles tells us al-Maliki is on a “sinking ship”. We can thank President Trump and his envoys to Iraq for their efforts in this matter. Remember that change is hard as Iraq is used to foreign policy first under G.W. Bush, then Obama and so it is a very big reversal. A reversal, quite frankly, that had to happen for the RESET to take place. No more pro-Iranian Iraq is the subject at hand.
Remember that the coming reset is not coming but is here. It is going to affect the entire globe. It is a long process but is making great strides in all directions. To continue the process the Trump administration will need success in the mid-terms to gain an even higher margin of majority in both houses. Many, if not all, of the rhinos must also be gone.
I can see that something BIG is going to happen just prior to the mid-terms to try to stop the elections altogether. This event is prophesied and will be done by the deep state to try to stay in power, at least what power they have. They are desperate especially after the successful State of the Union speech by president Trump this week.
God says he will not turnover his Judeo-Christian country of the U.S. to Muslims. It will stay giving all Glory and Honor the real God, the one God. We must also know that this Muslim effort in America is joined by the Marxist Communists. This is their way of using a so-called religion to seed themselves within. Of course, the US Constitution guarantees freedom of religion and so they use our own laws against us to promote their cult.
In the past I talked about the US being on a parallel line with Iraq. We can now see this more than ever. Just look at the ongoing election saga in Iraq and the U.S. is about to enter the same too. This midterm elections in the U.S. is not going to go smooth either, trust me on this one. The democrat deep state will fight to maintain power anyway they can, even hurting the nation and its peoples, if needed.
The weather too is very disturbing and violent and is going to get even worst. I believe this is caused by the negativity and darkness that people all over the world are feeling from their governments and in politics. This negativity is felt by the planet and the planet reacts. If we take these reactions by the planet coupled with the weather modifications that man is conduction, we can see real dramatic shifts in the weather this year. These man-made modifications will only backfire on them and will actually amount to a purification of themselves from the planet. The prophets have talked about this shift for many years. It will eventually end in peace and tranquility but first the shift must happen. We must stay vigilant and prepared but not fearful if we are praying and staying close to God. Somewhere in the process of the shift, we will get the reinstatement. I can not tell you when as no one knows, even those orchestrating it. So, this is not a perfect completion of the shift first, as the reinstatement is part of the shift of global wealth, part of the whole in a timeline.
Many may ask so when might we see the reinstatement so we can go to the bank? Honestly, I am optimistic that this is coming VERY soon but again there are conditions that must be met for Iraq. I have given you these five (5) main conditions over and over again and so are they already met? Please see my 9/16 Newsletter in case you forgot as I took you through an analysis of each item. Have we not seen all of these items highlighted in the recent news from Iraq for months now? Was my CBI contact all wrong?
Later today I will be calling Iraq and talking to my CBI contact to get an update on the situation of the election and where the CBI stands on the swap out of the three zero notes. Stay tuned for my update in my next upcoming Newsletters. Auf Wiedersehen
Much love to ya all, Mnt Goat
We pray-
A nice prayer from one of my blog followers. Thank You!
“Be still, wait on the Lord, my modern David will slay the so-called giant of Islam. It will fall they are already begging for mercy, but it will not come as they have sinned so greatly with their blasphemy, disregarded all warnings for the Lord and now HIS WRATH WILL CONSUME ALL WHO CURSE THE CHOSEN!!
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Their words not mine
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