Debate on the feasibility of the application of tariff and its impact on the Iraqi economy
Debate on the feasibility of the application of tariff and its impact on the Iraqi economy
19/03/2012 12:17
Baghdad, March 19 (Rn) – The Economic Commission representative, Monday, the activation of a law 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 aspects, stressing that the protection of the Iraqi economy is not by increasing taxes. and the Ministry of Finance announced yesterday for it had decided to activate the tariff law in Iraq in June next, after postponing the implementation of the law to two consecutive terms.decided that the Ministry of Finance in September last to stop the introduction of tariffs to this year due to higher commodity prices, high price in the country. The Ministry of Finance of Iraq was postponed in February 16 last a law tariff for an unspecified time because of some obstacles faced by the law and the mechanisms of action. said decision of the Economic Commission parliamentary Mahma Khalil told the Kurdish news agency (Rn ), “The Ministry of Trade and Commercial Control monitors Astaqraralsouk Iraq even after the application of tariff law, we are activating the law which will provide revenue of financially additional to the state treasury.” He explained the decision of the Economic Commission that “there are four laws began in the parliamentary session earlier a consumer protection law and the protection of 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 Iraqi market after the imposition of taxes on importers in accordance with the tariff law explained the Commission’s decision that “the fragmentation of the fear comes from the need to go the money collected the application of law to the compensation fund for farmers, farmers and industrialists Iraqis in order to be revenue provide supplies for their work in the production of agricultural and industrial. ” He said also, “it must be a support for the product local and that the State shall distribute supplies industrial, agricultural, according to the regulations and at subsidized prices so that there is encouragement for the product local. ” He said. It was hoped to be activation of the Tariff Act in March / March last year after being passed by the Iraqi Council of Representatives. and cancels the new law tariff law issue by the civil governor Paul Bremer and the subject of all goods imported into the discount rate of 5% taxes, while the new law tariff discriminatory start from zero and up to 30%. While counting the Iraqi government and the Economic Commission representative to activate the tariff law stimulate the Iraqi economy over the rival goods imported Economists believe that the application of the law will reflect negatively on the economy and will bear the citizen consequences. said economist Majid picture’s (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 trivial compared with the financial possibilities of the enormous of Iraq, and if the goal is the protection of industry and agricultural local is not in this way is to provide protection for the Iraqi economy. ” clear 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 said the picture saying, “If the goal of imposing customs duties to protect the Iraqi economy will not protects 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 Iraqi industry require high costs. ” and stressed the picture that “the development of industry and agriculture should not be at the expense of the citizen, but must be programmed to provide huge potential for the purpose of reducing the cost to producers.” The Law on Customs Tariff on the repeal of the tariff number (77) for the year 1955, and ordered the 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 law. , says vendors, local Iraqi government as soon as narrowing the 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 this will get 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 decision tariff next June and we tell them who will bear the responsibility for high prices in the market, without a doubt will be located on the citizen and the shoulder, but everyone will be affected. ” From: Haider Ibrahim. Ts: Adham, the Open: Peace Baghdadi
