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Leveraging WTO accession to design strategy of economic reform for new Iraq (English)

Despite significant progress towards establishing institutional foundations of a market-based economy made over the last year in Iraq, the transition is far from complete. The challenge remains huge: It concerns the choice of institutional structures that would offer incentives to maximize microeconomic efficiency, assure the allocation of resources to their best use and prevent easy policy reversals. Ultimately, it concerns the choice of policies assuring maximization of national economic welfare rather than of rents for a few privileged. The note proposes leveraging the WTO strategy to design strategy of structural reforms and drawing on the experience of recent entrants to the European Union to design institutional setting for the development and implementation of the strategy.

Details

  • Author

    Kaminski, Bartlomiej

  • Document Date

    2004/09/29

  • Document Type

    Working Paper (Numbered Series)

  • Report Number

    31217

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Middle East and North Africa,

    Iraq,

  • Region

    Middle East and North Africa,

  • Disclosure Date

    2010/07/01

  • Doc Name

    Leveraging WTO accession to design strategy of economic reform for new Iraq

  • Keywords

    foreign trade regime;agreement on implementation of article;negotiation of free trade agreement;membership in the wto;Barriers to Market Access;tariff rate;sanitary and phytosanitary standards;trade and investment policy;Fruit and Vegetable Export;Sanitary and Phytosanitary Measures;certificate of origin;economic welfare;economic reform;Trade Policies;Trade Policy;uniform tariff;competition from imports;multilateral trade negotiation;institutional environment;free trade area;freedom of action;customs administration;foreign trade policy;law and regulation;choice of policies;management of port;duty free imports;bound tariff rates;allocation of resource;special economic zone;limited administrative capacity;intellectual property rights;barriers to trade;growth of trade;international good practice;exchange of information;dispute settlement procedure;point of entry;multiple exchange rate;trade in goods;regional trade liberalization;quality of governance;international trade flows;rules of origin;enforcement of contract;free trade regime;iso 9000 standard;share of trade;foreign trade activities;share in revenue;black market premia;black market rate;privatization of state;return on investment;bilateral trade agreement;economic regime;opportunities for corruption;customs clearance procedures;domestic policy reform;centrally planned economy;Sustainable Economic Development;choice of approach;ad valorem duty;foreign exchange allocation;binding dispute settlement;social and institutional;trade policy institutions;Check and Balances;narrow interest groups;foreign trade operations;trade in services;food safety standard;customs valuation;condition of entry;accession process;international economic law;border measure;customs procedure;tariff policy;arab countries;preferential partner;Business Climate;administrative arrangement;Transition economies;duty-free trade;technical standard;transition economy;accession negotiation;efficiency gain;domestic policies;Political Economy;domestic reform;tariff schedule;private interest;tariff regime;Macroeconomic Stability;domestic regulation;policy reversal;central planning;international commitment;institutional foundation;zero tariff;multilateral liberalization;institutional design;administrative burden;liberal policies;economic sanction;border control;import product;customs broker;

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Citation

Kaminski, Bartlomiej

Leveraging WTO accession to design strategy of economic reform for new Iraq (English). Reconstructing Iraq working paper series ; no. 4 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/595521468752728573/Leveraging-WTO-accession-to-design-strategy-of-economic-reform-for-new-Iraq