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Fears of rising commodity prices in local markets
On: Tuesday 20/3/2012 9:24
Baghdad / follow-up long
said the Economic Commission representative that the activation of the law of customs tariff will provide revenue of financially additional to the state treasury could be invested in the revitalization of agricultural and industrial sectors, while Asher Economists futility of activating the law, which will carry with it the negative, stressing that the protection of the Iraqi economy is not is by increasing taxes.
Decided that the Ministry of Finance activation code customs tariff in Iraq next June after postponing the implementation of the law to two consecutive terms.
said decision of the Economic Commission parliamentary Mahma according to (Rn) and the Ministry of Commerce and Commercial Control monitors Astaqraralsouk local even after the application of tariff law, stressing its support for the activation code which will provide revenue financially additional to the state treasury. "
Khelil said: There are four laws began in the parliamentary session earlier a consumer protection law and the protection of the product of Iraq and prevent monopoly and tariff and these laws are a complete cycle of economic life.
In response to a fear of rising prices in the domestic market after the imposition of taxes on importers in accordance with the tariff law, he explained the Commission's decision to break the fear comes from the need to go the money collected from the application of law to the compensation fund for farmers, farmers and industrialists Iraqis in order to be revenue provide supplies for their productive agricultural and industrial.
Khalilzad said: There should be a support of the domestic product and that the State shall distribute supplies industrial, agricultural, according to the regulations and at subsidized prices so that there is encouragement of the domestic product.
It was hoped to be activation of the Tariff Act in March last year after being passed by the Iraqi Council of Representatives. and cancels the new law tariff law issue by the civil administrator Paul Bremer and the subject of all goods imported into the discount rate of 5% in taxes, while the new law tariff discriminatory start from zero and up to 30%.
While counting the government and the Economic Commission representative to activate the tariff law to revitalize the Iraqi economy over the rival imported goods see economists that the application of the law will reflect negatively on the economy and will bear the citizen consequences.
The economist said Majid picture (Rn) The purpose of the imposition of customs duties is not known until now, If it is intended to provide resources to balance the question the other hand do we need this money the few and the trivial compared with the financial possibilities of the enormous of Iraq?, and if the goal is the protection of industry and local farm is not in this way is to provide protection for the Iraqi economy. He added that the picture of industry and agriculture protected by providing possibilities for its functioning and the most important electricity and exemption from taxes and labor restrictions, control and leave. "
He Suri as saying "If the purpose of the imposition of customs duties to protect the Iraqi economy will not be protected because it will lead to increased cost to the Iraqi consumer, tax is a fee indirectly are downloadable on importers and this is reflected in the Iraqi consumer and thus will lead to increased prices and the way they want to say that the industry Iraqi require high costs. "
said the picture that the industrial and agricultural development should not be at the expense of the citizen, but must be programmed with the provision of huge potential for the purpose of reducing the cost to producers.
Under the tariff law to repeal the tariff number (77) for the year 1955, and ordered Coalition Provisional Authority (dissolved) No. (54) for the year 2004 (the policy of trade liberalization of 2004), and ordered the CPA No. 38 of 2003 (Tax reconstruction of Iraq and its amendments), and stressed that does not work any law or the instructions or regulations conflict with the provisions of this the law.
, says vendors, local government once the narrow movement of trucks from Syria, carrying goods as a result of the Arab summit has led to rising prices in the domestic market, wondering what will happen the government imposed a tax on importers?.
Hamid said the grave, the owner of market Karrada commercial (Rn ) The traders raised during this week and prices for all goods and the reason is the narrow entry of trucks into Iraq because of the actions of the Arab summit, and we fear that rising prices to levels unimaginable. "
The grave "We heard the Iraqi government's decision on the application of tariffs in the next June and we Tell them who will bear the responsibility of higher prices in the market, without a doubt will be located on the citizen and the shoulder, but everyone will be affected.
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