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Trade: Supporting the national product to compete with similar foreign goods
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Economy News _ Baghdad The Department of Private Sector Development at the Ministry of Commerce announced on Sunday that the Export Support Fund will continue to provide financial aid to exporting Iraqi products that need support in order to allow them to access foreign markets as a competitive force for similar foreign goods. The Director General of the Department Ali Abdul-Zahra said in a press statement obtained by "Economy News" that "the Fund has an independent legal personality and is linked to the Ministry of Commerce and managed by a committee headed by him and members of the degree of Director General of the Ministries of Finance, Industry, Minerals and Agriculture and Director General of the Iraqi Exhibitions Company. "The fund is composed of a fee imposed on import licenses at a rate of 0.5 percent, which can be increased to 5 percent. The fund is one of the important foreign trade tools which aims to develop national exports, the National . The Export Support Fund started its work on 1/10/2017 after the decision of the Council of Ministers on the approval of the Committee on Economic Affairs on the recommendations of the Committee to support local exports, which set the rate of deduction of leave amounts and ratios of support to exporters, and comes the importance of this institution in support of local products For the export and the role played by him to contribute to and promote the economic development of all sectors of the State has been developed a road map to re-work and formed a committee to manage this vital fund, where it held several meetings to discuss and study and discuss the themes and key themes for the revitalization and took several resolutions The Minister of Commerce, which has overcome all the obstacles it has encountered. [You must be registered and logged in to see this link.] |
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