Iraq Economic News and Points To Ponder Tuesday Afternoon 7-29-25

The Ministry Of Commerce Discusses Developments Regarding Iraq's Accession To The World Trade Organization.

Economy | 07/29/2025   Mawazine News - Baghdad - The Ministry of Trade announced today, Tuesday, that the Department of Foreign Economic Relations held a meeting with representatives of the International Trade Center (ITC) to discuss the latest developments related to Iraq's accession to the World Trade Organization (WTO) and ways to enhance technical cooperation to support this process.

A statement issued by the Ministry's media office stated that the meeting discussed prospects for joint cooperation in reviewing the technical files prepared by the accession team in coordination with the technical committees emanating from the relevant national committee.

The statement stressed the importance of the technical support provided by the ITC, especially at this critical stage, due to its significant role in raising the efficiency of national teams and enhancing institutional readiness for accession requirements.

The meeting also addressed efforts to update the Nationally Determined Contributions (NDC) document, in coordination with sectoral authorities, in line with government policies aimed at integrating the concepts of environment and sustainability into economic and trade policies.

At the conclusion of the meeting, Al-Hashemi stressed that the meeting comes within the department's ongoing efforts to develop Iraq's trade policy and enhance institutional and technical capabilities, in a manner that supports accession to the WTO and enhances Iraq's presence in the multilateral trading system.

For their part, representatives of the International Trade Centre praised the progress made in the accession file and the level of coordination with the Department of Foreign Economic Relations, stressing their readiness to continue providing the necessary technical support to complete the accession requirements.   https://www.mawazin.net/Details.aspx?jimare=264364

The US Parliament Threatens To Impose Sanctions On Iraq.

the world | 07/29/2025  Mawazine News - US Representative Joe Wilson threatened to seek to impose sanctions on Iraq.

Wilson said in a post on his official account on the (X) platform, followed by Mawazine News, "It was a pleasure to speak with my dear friend the Foreign Minister of the Kurdistan Regional Government of Iraq."

He added that "armed groups are launching more drones against our dear friends in the Kurdistan Regional Government," expressing his regret "that armed groups are attacking the Kurdistan Regional Government, as well as US forces."

He stressed that "Iran is working to destabilize Syria, Iraq, Lebanon and Yemen," noting that "this can no longer be tolerated, and I will work to ban funding to Iraq that funds armed groups, and demand that they be designated as terrorist organizations."  https://www.mawazin.net/Details.aspx?jimare=264358

Iraq's Accession To The International Association Of Anti-Corruption Authorities

Local  The Federal Integrity Commission announced on Tuesday that the Republic of Iraq, represented by the Federal Integrity Commission, has joined the International Association of Anti-Corruption Authorities (IAACA), after signing and submitting the membership application to the association.

The Commission indicated in a statement received by Al-Eqtisad News that the League welcomed Iraq’s accession and called for a virtual meeting with the League’s Secretary-General to discuss the Commission’s needs, indicating that the League, which was established in 2006, is specialized in assisting anti-corruption agencies and bodies around the world to promote integrity and combat corruption, and implement the United Nations Convention against Corruption, noting that it includes 180 members from the authorities concerned with combating corruption, including 16 Arab agencies.

She added that the association works to achieve the United Nations' sustainable development goals, reduce bribery and corruption, and facilitate the exchange of expertise and best practices between anti-corruption authorities and specialists from around the world.

She explained that it has organized annual conferences and public meetings in a number of countries, including Austria, China, and Qatar, in addition to seminars, workshops, and training programs to strengthen relations with international and regional organizations in order to unify and develop efforts at the global level.   https://economy-news.net/content.php?id=58065

Al-Sudani: Meeting With Washington At The End Of The Year To Arrange Security Relations, And We Welcome American Investments

Prime Minister Mohammed Shia al-Sudani revealed an upcoming meeting between Iraq and the United States, to be held before the end of this year, with the aim of restructuring the bilateral security relationship.

In an interview with the Associated Press, al-Sudani stressed that this dialogue will determine the future of security cooperation, noting that the continued presence of coalition forces "has become a justification for armed groups to bear arms."

However, he stressed that "the withdrawal of these forces will end any justification for bearing arms outside the framework of the state."

Al-Sudani expressed Iraq's aspiration to attract American investments, particularly in the fields of oil, gas, and artificial intelligence, asserting that these investments will contribute to strengthening regional security and emphasizing that "the two countries will be great together" through this economic cooperation.   https://www.radionawa.com/all-detail.aspx?jimare=42343

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