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Warning from the exploitation of tariff law for profits
29/05/2012 0:00
BAGHDAD - Al Sabah
warned economic analyst Ibrahim al-Mashhadani, from the exploitation of some traders to tariff law to raise prices in the market doubly, indicating that the local market by controlling the whales take advantage of opportunities to make a profit .
Mashhadani said: The activation code tariff not be complete without the presence of agricultural and industrial sectors effective, because the basis of law is to protect local product, though it will lead to increased prices in the domestic market .
He added that the Iraqi market by controlling the import of goods and whales are looking for an appropriate time to increase prices, pointing out that they would use the law to raise the prices of goods and materials in multiple markets.
and called for the need to increase the proportion of customs duties on imported goods produced in Iraq, whether agricultural or industrial to support the local product, while the materials are not in Iraq should be exempted from duties or reduce the percentage it. And
The Ministry of Finance in February 16, 2012 the first of June next date for the direct tariff for all goods entering Iraq to support the production, industry, local agriculture and reduce flood the market with shoddy goods. Provides law to impose customs duties on imported goods, not included in the tariff schedule of customs duties, by no more than (20 percent) of its value, to be exempt samples and models that are not of commercial value, from customs duties.
also 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 investment projects exclusively, and comes with a view to attract the largest amount possible from the investment companies and businessmen to work in Iraq.
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