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Required to activate the Tariff Act in Iraq
19/03/2012 16:36
Arbil, March 19 (Rn) - Economic Commission renewed its claim to the parliamentary Monday Iraqi Council of Ministers to create the basic introductions to the activation of the Tariff Act.
The Iraqi Finance recently decided to activate the Tariff Act in Iraq as of June next after Tagelin row.
According to the parliamentary economic committee that activation of the tariff will provide additional financial revenue to the state treasury could be invested in the revitalization of agricultural and industrial sectors, but economists believe the futility of activating the law.
A member of the parliamentary Economic Committee Almrobei Hussein said in a statement released by his office and told the media an email that the protection of the national product would only be done through the law of the customs tariff on foreign goods.
And the development of the new law discriminatory tariff starts from zero and up to 30%.
He added that Almrobei tariff will limit the entry of products harmful to health such as cigarettes, alcohol, etc., but noted that it should not include food products and pharmaceuticals.
And decided in the House of Representatives earlier comments Tariff Act No. 22 of 2010 to be implemented in 30 of June next and returned to the Council of Ministers in order to determine the appropriate time to apply it in accordance with the requirements of economic development.
The new law eliminates the Tariff Act issue by the former governor Paul Bremer and the subject of all goods imported into the discount rate of 5% in taxes.
Open: Murtaza Yousuf
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19/03/2012 16:36
Arbil, March 19 (Rn) - Economic Commission renewed its claim to the parliamentary Monday Iraqi Council of Ministers to create the basic introductions to the activation of the Tariff Act.
The Iraqi Finance recently decided to activate the Tariff Act in Iraq as of June next after Tagelin row.
According to the parliamentary economic committee that activation of the tariff will provide additional financial revenue to the state treasury could be invested in the revitalization of agricultural and industrial sectors, but economists believe the futility of activating the law.
A member of the parliamentary Economic Committee Almrobei Hussein said in a statement released by his office and told the media an email that the protection of the national product would only be done through the law of the customs tariff on foreign goods.
And the development of the new law discriminatory tariff starts from zero and up to 30%.
He added that Almrobei tariff will limit the entry of products harmful to health such as cigarettes, alcohol, etc., but noted that it should not include food products and pharmaceuticals.
And decided in the House of Representatives earlier comments Tariff Act No. 22 of 2010 to be implemented in 30 of June next and returned to the Council of Ministers in order to determine the appropriate time to apply it in accordance with the requirements of economic development.
The new law eliminates the Tariff Act issue by the former governor Paul Bremer and the subject of all goods imported into the discount rate of 5% in taxes.
Open: Murtaza Yousuf
[You must be registered and logged in to see this link.]
