MOT elaborates the reason behind the delaying of Iraq's accession to WTO

Economy

3-06-2022, 10:20

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Baghdad-INA

The Ministry of Trade (MOT) announced on Friday, that the laws in force prevent Iraq from joining the World Trade Organization (WTO), while indicating a new vision for the country to join this organization.

The ministry's spokesman, Mohammad Hanoun, told the Iraqi News Agency (INA), that "Iraq has been seeking for years to join WTO," stressing "the need to legislate laws that are compatible with the decisions in which the organization operates."

He added “MOT is a governmental institution, like other ministries, subject to laws that prevent entry to this organization," calling on the parliament to "legislate laws during the coming period that are compatible with the organization's decisions."

Hanoun affirmed that "MOT is working with the ministries to expedite Iraq's entry into the organization with a new vision," explaining that "The government's effort is effective in saving time and harmonizing with the laws of the World Trade Organization."