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Skinner explains decision to extend the exemption of petroleum products imported to Iraq from customs duties
Wednesday, February 8, 2012 12:26
[Baghdad - where]
Said government spokesman, Cabinet decision on extending the exemption of petroleum products imported by the Iraqi private sector and foreign customs duties and tax, the reconstruction of Iraq for three more years.
Dabbagh said in a statement received by all of Iraq [where] a copy of it, "This extension was due to the end of the previous extension period and to continue stimulating the Iraqi private sector and foreign investment for the importation of petroleum products and the creation of infrastructure in supporting the operations of import and its importance in supporting the government effort The stability of the processing of petroleum products and to allow the private sector to contribute to the support activity of the import of oil derivatives and stimulate the economic process as the ratio of the volume of import during your five years past are almost non-existent compared with the volume of import of government because of the difficulties faced by the private sector and limiting the development and growth. "
Ali al-Dabbagh said, "The Oil Ministry has requested this extension in the twenty-fourth of last July 2011 of the Committee on Economic Affairs and endorsed the Committee on the ninth of January 2012 the legality of the extension request for three years, with whom they already display the matter to the Council of Ministers at its thirty-eighth session, held in the thirteenth of October 2009 and the decision was made with a number [354] for the year 2009 included the extension of the exemption for two years starting from the seventeenth of January 2009. "
"The second article of the law of the import and sale of petroleum products number [9] for the year 2006 have pointed to the exemption of petroleum products imported under the present law of customs duties and tax, the reconstruction of Iraq for two years from the date of entry into force of the law which became effective from January 17, 2007" stressing that "the import of oil derivatives by the Iraqi private sector and foreign investment are under the supervision of the Ministry of Oil and approval and according to international standards set by the ministry" is over.
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Wednesday, February 8, 2012 12:26
[Baghdad - where]
Said government spokesman, Cabinet decision on extending the exemption of petroleum products imported by the Iraqi private sector and foreign customs duties and tax, the reconstruction of Iraq for three more years.
Dabbagh said in a statement received by all of Iraq [where] a copy of it, "This extension was due to the end of the previous extension period and to continue stimulating the Iraqi private sector and foreign investment for the importation of petroleum products and the creation of infrastructure in supporting the operations of import and its importance in supporting the government effort The stability of the processing of petroleum products and to allow the private sector to contribute to the support activity of the import of oil derivatives and stimulate the economic process as the ratio of the volume of import during your five years past are almost non-existent compared with the volume of import of government because of the difficulties faced by the private sector and limiting the development and growth. "
Ali al-Dabbagh said, "The Oil Ministry has requested this extension in the twenty-fourth of last July 2011 of the Committee on Economic Affairs and endorsed the Committee on the ninth of January 2012 the legality of the extension request for three years, with whom they already display the matter to the Council of Ministers at its thirty-eighth session, held in the thirteenth of October 2009 and the decision was made with a number [354] for the year 2009 included the extension of the exemption for two years starting from the seventeenth of January 2009. "
"The second article of the law of the import and sale of petroleum products number [9] for the year 2006 have pointed to the exemption of petroleum products imported under the present law of customs duties and tax, the reconstruction of Iraq for two years from the date of entry into force of the law which became effective from January 17, 2007" stressing that "the import of oil derivatives by the Iraqi private sector and foreign investment are under the supervision of the Ministry of Oil and approval and according to international standards set by the ministry" is over.
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