Iraq announces paying its membership in the World Trade Organization

Local

19-06-2023, 22:15

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INA - BAGHDAD

Trade Minister Atheer Dawood Al-Ghurairy announced the completion of technical and logistical procedures to pay the sums owed by Iraq to the World Trade Organization - WTO.

"The Department of Foreign Economic Relations was able, in coordination with the administrative and financial department in the ministry, and with exceptional efforts, to complete all procedures related to paying the sums owed by Iraq in favor of WTO, for its membership as an observer. The contribution has accumulated for previous years, as a result of the delay in approving the general budget for Iraq, in addition to reducing its percentage due to the austerity measures followed since 2018," stated the ministry, in a statement received by the Iraqi News Agency - INA.

The statement added, "The Minister of Trade and Chairman of the National Committee on Iraq's accession to the organization had issued directives to give the issue the utmost importance."