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MP: postponement of tariff harms the national economy
15/05/2012 0:00
BAGHDAD - Al Sabah
rejected by the Economic Commission deputy Abdul-Abbas broadly, the proposals to postpone the application of tariffs, criticizing those who call to postpone it, describing them as «do not understand the meaning of the law».
said Xiaa: The tariff law to be applied at the end of next June, is important for supporting the national economy, can not be any point that you delay it or wait it because it means «the destruction of the Iraqi economy and wrecking» in the absence of protection of the local product.
and called on the Ministries of Finance and Planning to create the requirements and mechanisms, which obliges the State to implement the law, Cglq borders and protect the border crossing points, stressing the need to apply Law No. (23) for the year (1985), which amount to imprisonment and fines for those who enter the goods without being subject to customs duties.
and deputy proposed Xiaa: put the state rate (5 percent) of the fees on the goods at the beginning of the application of law to see how the market reacts local and the extent of vulnerability to the law and then begin to increase rates gradually so as not to affect prices in the domestic market.
The Iraqi Council of Representatives approved the tariff law in its previous session, and was the most prominent justification for the issuance of this law according to a statement of the Council of Ministers is to set tariffs in line with the reform of the Iraqi economy and amendments to the many that have occurred in the law, and the law provides for the imposition of customs duties on imported goods not included in the table of tariffs tariffs by no more than (20 percent) of its value, confirming that the samples and models that are not of commercial value exempted from customs duties, and took into account the law in the application of its provisions, the facilities afforded by the Investment Law No. (13) for the year 2006, as amended, on goods imported for the purposes of investment projects exclusively, and comes with a view to attract the maximum amount of investment companies and businessmen to work in Iraq.
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