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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq 's economy prevents the export of 200 commodities

    Rocky
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     Iraq 's economy prevents the export of 200 commodities Empty Iraq 's economy prevents the export of 200 commodities

    Post by Rocky Tue 12 Jun 2018, 5:42 am

    [size=32]
    Iraq 's economy prevents the export of 200 commodities[/size]
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     2 hours ago




    The head of the Iraqi National Business Council, Daoud Abdul Zaer, announced the existence of more than 200 exportable goods, which provide the country with huge financial revenues, but government authorities refuse to export them for unknown reasons.
    The Iraqi balance of payments statistics showed that foreign trade to GDP ratio was 61.4 percent, while non-oil exports accounted for only 0.8 percent of the balance of payments, which caused resentment of experts and MPs in parliament who called on the government to reorganize the trade balance through bilateral agreements with countries Arab and foreign.
    The Iraqi economy is based on oil production and export by 99.2 percent, after the country has lost all its industrial and agricultural capabilities because of the wrong policies of governments and the infrastructure damaged by war during the past four decades.
    "Contrary to some opinions that Iraq has only oil to export, I confirm that we are self-appointed to form a committee that ended up with the materials that businessmen have been seeking for years to obtain export permits but to no avail, and thus became opportunities Lost could have brought the country substantial financial returns. "
    He added that "these materials related to construction," stressing that "allowing the export of these materials encourages the domestic market to increase production, and improve the balance of trade, it is not possible to import billions of dollars from a certain country and we do not export anything, and there are materials not They are being used locally, so why keep them? "
    The Ministry of Industry and Minerals spokesman Abdul Wahid Al-Shammari said that "the ministry has succeeded in exporting large quantities of Prime Coat, which is used in the paving of external roads, to the UAE, the first time that public companies specializing in mining trade foreign" .
    He added that "the Ministry of Industry invited companies to open the door for the export of finished products, as the Iraqi laws prohibit the export of many of the mineral materials."
    He added that "within the framework of the government's tendency to support and encourage exports, it was decided to activate the power of the boards of public companies to open the export outlets for their products."
    He pointed out that "the General Company for Mining Industries issued in 2017 more than 33782 cubic meters of Prime Coat to the UAE, and more than 3395 cubic meters in January last."



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