Iraq agrees to exempt 430 items from customs duties

by **Rocky** Thu 14 Dec 2017, 6:43 am

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Iraq agrees to exempt 430 items from customs duties

by Rocky Thu 14 Dec 2017, 6:43 am

Iraq agrees to exempt 430 items from customs duties

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Information / Baghdad ..

Jordanian Minister of Industry, Trade and Supply Yabar al-Qudah announced on Thursday that Iraq has agreed to exempt 340 of the country's 750 students from customs duties.

"The Jordanian government, in agreement with the Iraqi side, will review every three months the list of exempted goods to include a greater number of Jordanian goods," the judges said.

The judges pointed out that "the decision of Iraq will increase the competitiveness of the industrial sector in Jordan, and will reduce the burden on Jordanian exports."

In the same context, the director of the Jordan Chamber of Industry, Maher Mahrook, predicted that the Iraqi government's decision to exempt hundreds of Jordanian goods from customs duties will come into effect early next year.

He said that the recent meeting of the Jordanian-Iraqi Business Council and Prime Minister Hani al-Mulqi's recent visit to Iraq had a positive effect on the Iraqi side's decision to exempt Jordanian goods from customs duties when entering the Iraqi market.

He explained that "an Iraqi technical committee, conducted a mid-year study of some Jordanian goods, and came out with its decision on the list of goods exempted Jordan." He expressed hope that the rest of the list, which provided Iraq with customs exemptions during the next year.

Iraq imposed a 30-percent tax on commodity imports months ago to ensure protection of the Iraqi national product and to counter foreign commodity dumping on domestic markets.

Iraqi imports from Jordan have shrunk by about 40 percent over the last two years due to the closure of the border crossings between the two countries after the Da'sh terrorist takeover of areas adjacent to the Jordanian border. Ending / 25

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