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Shadow economy in Iraq created by corruption and monopolization of the market
10/13/2015 0:00
BAGHDAD Mustafa al-Hashimi
said economic expert, Dr. Hilal Taan that the shadow economy in Iraq created by the financial and administrative corruption, along with a group of big dealers in the market and monopoly control without thinking about the interests and the country's economy.
And the "shadow economy" and "gray economy" by what he knows of experts and specialists it is one of the names of the informal economy, which is for any commercial activity is not subject to the laws and does not work in a systematic manner, while the informal economy is a licensed activity pays taxes and is working according to the law. It is also known as commercial income-generating activities which are not recorded in the GDP accounts deliberately from their owners in order to hide them from income accounts to avoid fees
and tax.
He Taan in a statement to «morning» that this case found after 3002, as over Iraq three cases of dumping of dumping bidder who lasts and ends with a certain merchandise entering the market and a single type only then ends, and the second type is dumping deliberate and the third is the dumping continued.
He stressed that the country, and since several years, passes the last two Balagracan of goods neighboring countries that are sold inside Iraq at lower prices, which are sold in the markets of these countries in terms of cost, and saw that this dumping came for the purpose of ending the national industry and increase unemployment.
and between Taan actual need for Iraq to adopt import and price policies as well as market policy to curb dumping that has bedeviled the country's economy, stressing the importance that there will be real support for the sector private as well as the development of thoughtful and clear state of production and the dimensions of the plans or reduce the impact of political conditions for economic as much as possible.
Iraq has been adopted in 2102 to work on holiday, it is imported which subjected a large number of materials and goods standards and contributed to the reduction of the entry of inferior goods were popular in markets and the origins of the he country is solid
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