Economist describes the decision to apply tariffs on certain materials as “wrong”

Economist describes the decision to apply tariffs on certain materials as “wrong”

19-12-2013 10:20 AM

Economist describes the decision to apply tariffs on certain materials as wrong Baghdad (news) .. Description economic expert Abdul Hassan al-Shammari, the government’s decision to apply the Tariff Act on the material luxury only Balkhati will benefit the Iraqi economy. said Shammari (of the Agency news): It’s what the feasibility of applying tariffs on certain materials and the exclusion of industrial materials and goods produced within the country, noting The purpose of the tariff is to support the local product imposes customs duties on imported products by a certain percentage in order to make the product national competitor. , and added that the decision of the Ministry of Planning, the application of tariff and coverage on the (150) material only from material luxury is wrong and is thoughtful and Ainf Iraqi economy but Sadharh, pointing out that the government was the first out to enforce the law on all materials and impose conditions on countries exporting to Iraq, similar to the developed countries for the purpose of promoting the domestic industry and the national product. noted that the Ministry of Planning announced the application of the Tariff Act early next year, where the law would include articles of luxury Kalajhzh electrical and luminescent materials and chandeliers, alcohol and perfume, and excludes food and materials that go into as a raw material in the domestic industry. / End

ikhnews.com