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Iraq imported goods worth $ 53 billion in 2016
13:08 - 23/09/2017
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Information / Baghdad ..
The International Monetary Fund announced the import of Iraq goods worth 53 billion dollars in 2016, pointing out that Iraq's revenues from customs duties for goods during the last year amounted to less than 600 million dollars.
"The proceeds of customs duties in Iraq are very small compared to the size of imports that the economy depends on to meet local needs," the International Monetary Fund said in a report published on Iraq.
"Iraq relies on a lot of foreign goods to meet its consumer needs and pays a huge annual import bill estimated at $ 53 billion last year," the report said, noting that "customs duties collected during the year 2016 were less than 600 million dollars That the price of customs tariff in force is 1%.
The IMF attributed the weakness of revenues from customs to "customs tariff law, which involves many exemptions and weak customs administration and the spread of border gaps." Ending / 25
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