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Economist: The decision to impose customs duties on imported goods double-ed

rocky
rocky
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customs - Economist: The decision to impose customs duties on imported goods double-ed Empty Economist: The decision to impose customs duties on imported goods double-ed

Post by rocky on Tue 19 Jun 2018, 3:57 am

Economist: The decision to impose customs duties on imported goods double-edged sword
June 19 2018 11:24 p
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Baghdad Post
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The expert in the economic affairs of the Secretary of State, Tuesday, that the recent decision of the Council of Ministers on the imposition of customs duties on imported goods, which are found locally manufactured counterparts, will contribute to support the national product, calling to take into account the standard of living of the citizen and control of prices.

Al-Amin said in a statement that "this decision needs other controls and studies, including a study to establish a table of locally produced goods and their ability to fill the local market need, while activating the controls of the standardization and quality control of the product and its conformity with Iraqi specifications, as well as opening loans to the private sector for the establishment of production lines New and modernize factories to produce goods that can compete with their imported counterparts. "

He added that "the implementation of this decision must take into account the standard of living of the citizen and control of prices and make sure not to exploit the customs taxes of imported goods by producing poor local goods and expensive, stressing that the real implementation of this decision will open the way for local industries, especially the private sector to rise again and open doors New work and reduce the exit of foreign currency in addition to increasing the state's tax revenues, which should be directed towards the establishment of industrial cities in the provinces and provide loans to the private sector and open the doors of investment in new industrial areas. 





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