Economic Analyst: can not apply the tariff without the presence of a local product

On: Sun 01/04/2012 13:28

Baghdad (news) .. Called for an economic analyst for the spectrum Abdul Salem Ugaili to the need to develop scientific plans for the advancement of economic sectors, especially industry, agriculture, stressing can not execute the law of the tariff duties on imported goods without a product local and national. 
said Ugaili (of the Agency news) said on Sunday: is necessary to develop an economic plan solid scientific summed activation key economic sectors Kalzeraih and industry by supporting local agriculture and rehabilitation of industrial plants governmental and private in order to ensure the local product of industrial and agricultural within the country, adding that the aim of the application of the Tariff Act to support the national product, if not A local product, what the purpose of activating the law?. 
He added, must be done to secure the presence of food and industrial goods imposed by the tariff within the country so as not to lead to an increase in prices in local markets, in addition to encouraging the private sector to take a role in development of the country’s economy. 
He had been warned by the Economic Commission parliamentary deputy / coalition in Iraq / Nahida Daini from increased prices of food and industrial goods from the application of the tariff, calling to take the necessary measures to prevent the exploitation of the Iraqi trader envelope to increase prices in the local markets. 
said Daini in earlier statement (the news): The Iraqi trader began working store food, industrial and consumer goods to be raised through the application of the law of customs tariff, which will increase their prices in local markets, stressing the importance of the formation of an Oversight Committee, whether by the Council of Representatives or of the executive government for the sake of not to make way the Council for these traders to exploit the conditions at the expense of ordinary citizens. 
and The Ministry of Finance (16) February (2012) the first of June next date for the direct tariff for all goods entering Iraq to support the production, industry, local agriculture and the reduction of dumping bad. 
provides law to impose customs duties on imported goods, not included in the table of tariff duties, by no more than (20%) of its value, to be exempt samples and models that are not of commercial value, customs duties, and took into account the law in the application of its provisions, facilities granted under 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 maximum amount of investment companies and businessmen to work in Iraq. / Finished / 8. for. m /