Expert: increase tariffs on foreign products will support domestic production

Expert: increase tariffs on foreign products will support domestic production

13-11-2013 10:25 AM

Expert-increase tariffs on foreign products will support domestic productionBaghdad (news) .. I suggest an economist Abdul-Hassan al-Shammari, increase tariffs for products imported foreign support laboratories local and encourage them to increase the amount of production, calling for the legislation of laws in support of the domestic product. Shammari said (of the Agency news): The Iraqi government is required to take new measures to support the local product through increase tariffs on products imported foreign or prevent importation so as to be a contributing factor stimulator to restore the factories to work. said: that the activation of the industrial sector and operating factor is the aspect is very important for the economy as provide jobs for the unemployed, and the hard currency that go every day billions of dollars to import external, as well as to achieve security in the country, because it would eliminate the poverty which encouraged unemployed youth to deal with terrorism, to make a living. This has called for a number of economists, the government and parliament to activate the Tariff Act, which imposes tariffs on foreign products imported to support the local product. / End

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