It’s very big news for Iraq and its economy that the council of 17 signed a paper to allow Iraq to enter in the biggest market of the world. Iraq will represent its annual meeting in the year 2015 as a member. The United States Security Council has ensured that all the Iraq protection funds will be released and sent to the Iraq as an independent nation and then Iraq will get its whole control.
After this membership, the new horizon will be opened for Iraq to trade in the world without any restrictions. Moreover the membership of World Trade organization will add colors in the overall economic condition of Iraq. The access to this world’s best market will enhance the trade and business activities in Iraq. It will allow access for Iraq to export oil in the world’s biggest market that will help Iraq to achieve its oil targets. The recent export of the oil of Iraq is 3.25 million barrels per day that will hopefully enhance by 100 million barrels in the next few months. All of these things will 100% stabilize the currency of Iraq in the international market.