Deputy Governor of Central Bank: The customs tariff will raise the rates of inflation and commodity prices

Date: Thursday, 22/03/2012 11:35

Baghdad (news) .. warned the deputy governor of the Central Bank of the appearance of Mohammed in favor of high rates of inflation in the country when applying the law of customs tariff, because it will lead to increasing prices of goods and foodstuffs. 
Saleh said (of the Agency news) said on Thursday that the law on customs tariff is of internal factors that may lead to higher inflation rates in the country, by… increasing the prices of materials and goods imposed by the tariff Kmarkip in local markets, in addition to external factors play a role is another and a significant rise in inflation, which is called “inflation in transition” that comes through the import goods at high prices from the outside. 
He added that the goods imported toxic and non-essential to the community Kab children harmful circulating in the local markets significantly, would be imposed by the tariff Kmarkip (30%), Valmkhazn business today is full of these goods, which will pay the merchant to increase their prices in local markets , and this is what will play a big role in terms of higher inflation in the country. 
called: the need to impose tariff Kmarkip high material bad and goods is essential when imported from abroad, while food, medical, scientific, must be imposed by the tariff Kmarkip few being useful to the community and the citizens of Iraq. 
The Ministry of Finance has announced the application of the law of the customs tariff on goods imported materials and the beginning of next June, in support of the domestic product and national industry. / Finished / 8. d. Q