Key Takeaways
- Iraq aims to join the World Trade Organization (WTO) to boost its trade system and achieve sustainable development.
- Iraq’s WTO accession process involves meeting trade and economic standards and receiving support from countries like Saudi Arabia.
- Iraq joining the WTO will enable it to be an influential player in the global economy through reforms and sustainable economic development.
Baghdad: Iraqi President Abdul Latif Rashid said Monday that his country wants to join the World Trade Organization (WTO) to boost its trade system and achieve sustainable development.
He spoke during a meeting with Saqr al-Muqbel, the Saudi representative to the WTO who leads a team for handling Iraq’s accession to the organization, according to a statement from Rashid’s office.
Rashid said Iraq is eager to meet the trade and economic standards needed to join the WTO and thanked the Saudi team for its efforts.
Iraqi Trade Minister Atheer al-Ghurairi said at a joint news conference with al-Muqbel that Iraq aims to be “an influential player” in the global economy through reforms.
Al-Muqbel said Saudi Arabia will support Iraq at the national, regional and international levels in its WTO bid.
