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[size=36]Jordanian industrialists: exemption of Jordanian products from Iraqi customs duties revives exports of Jordan[/size]
11:06 - 06/02/2019
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BAGHDAD - The balance of News
confirmed politicians and industrialists were Jordanians, Wednesday, said that the implementation of the decision to exempt Jordanian products from the Iraqi customs duties will contribute to the recovery and increase Jordanian exports during the coming period.
"The exemption from customs duties gives an advantage to the Jordanian products for competition within the Iraqi market, which encourages local factories to increase production and export," the report said.
They said that "the Iraqi market is one of the traditional markets important to rely on the Jordanian industry to increase exports by virtue of geographical proximity and ability to meet the needs of the Iraqi market of various goods and high quality."
The decision to exempt 344 Jordanian products from Iraqi duties came into force on Saturday as part of a series of important economic decisions that were announced, which included large sectors, the most important of which are transport, energy, industry and health.
"The list of Jordanian agricultural and industrial goods and products exempt from Iraqi customs duties, which includes 344 commodities, will be positively reflected on the movement of exports between the two countries," said Fathi al-Jaghbair, head of Jordan and Amman Chambers of Industry.
He expected that "the border between the two sides will witness an active movement in the coming period after the Jordanian-Iraqi agreement to exempt the list of goods imported from the Kingdom and not similar to Iraqi goods."
He called on Jordanian industrialists to take advantage of the decisions between the two sides, and urged efforts to conclude deals with the Iraqi side, to compensate for part of the losses suffered by factories due to the closure of the border and weak movement of export. "
The Chairman of the Committee to follow up the export issues to Iraq, Iraqi fees enhance the presence of Jordanian products and competitiveness within the Iraqi market. "
Al-Smadi said that the implementation of the exemption decision revives the factories that were established on the land of the Kingdom for export purposes to Iraq after the decline in production during the last period largely due to the closure of land borders and high production costs and the inability to compete.
Al-Samadi expected that the national exports to the brotherly Iraq will witness a great improvement during the coming period, especially with the package of joint decisions announced earlier this week, which included wide areas.
"The decision to exempt national goods from Iraqi duties reduces costs and enhances the competitiveness of the Iraqi market," said Omar Abu Wishah, chairman of the Jordanian Exporters Association.
The President of the Association expressed "the hope that additional goods will be covered by the decision to exempt Jordanian products from Iraqi fees in order to increase trade exchange activity between the two countries during the coming period."
He pointed out that "the Iraqi market is an important artery in front of the movement of development and growth of national exports, noting that the domestic industry was very dependent on the Iraqi market, which accounted for more than 25% of national exports.
"The implementation of the decision to exempt Jordanian products from Iraqi customs duties will have positive effects on the increase and growth of national exports in the coming period," said the spokesman of the Ministry of Industry, Trade and Supply.
Al-Bermawi pointed out that "there is a joint follow-up committee from the Jordanian and Iraqi sides will hold their meetings monthly to ensure the implementation of decisions and to resolve any obstacles that may face implementation."
Al-Baramawi said that "Jordan views Iraq as an important strategic partner in various fields in an effort to achieve complementarity to achieve mutual benefits."
He called on industry sector to take the initiative to enhance the benefit of this decision.
According to the latest official data released by the Jordanian Department of Statistics, the value of national exports to Iraq during the first 11 months of last year rose by 32% to reach 421.1 million dinars instead of 319.1 million dinars compared to the same period of 2017.
Jordan's exports to Iraq peaked In 2013 to reach 882 million dinars, while in 2017 fell to 367 million dinars. Ended 29 / a 43
confirmed politicians and industrialists were Jordanians, Wednesday, said that the implementation of the decision to exempt Jordanian products from the Iraqi customs duties will contribute to the recovery and increase Jordanian exports during the coming period.
"The exemption from customs duties gives an advantage to the Jordanian products for competition within the Iraqi market, which encourages local factories to increase production and export," the report said.
They said that "the Iraqi market is one of the traditional markets important to rely on the Jordanian industry to increase exports by virtue of geographical proximity and ability to meet the needs of the Iraqi market of various goods and high quality."
The decision to exempt 344 Jordanian products from Iraqi duties came into force on Saturday as part of a series of important economic decisions that were announced, which included large sectors, the most important of which are transport, energy, industry and health.
"The list of Jordanian agricultural and industrial goods and products exempt from Iraqi customs duties, which includes 344 commodities, will be positively reflected on the movement of exports between the two countries," said Fathi al-Jaghbair, head of Jordan and Amman Chambers of Industry.
He expected that "the border between the two sides will witness an active movement in the coming period after the Jordanian-Iraqi agreement to exempt the list of goods imported from the Kingdom and not similar to Iraqi goods."
He called on Jordanian industrialists to take advantage of the decisions between the two sides, and urged efforts to conclude deals with the Iraqi side, to compensate for part of the losses suffered by factories due to the closure of the border and weak movement of export. "
The Chairman of the Committee to follow up the export issues to Iraq, Iraqi fees enhance the presence of Jordanian products and competitiveness within the Iraqi market. "
Al-Smadi said that the implementation of the exemption decision revives the factories that were established on the land of the Kingdom for export purposes to Iraq after the decline in production during the last period largely due to the closure of land borders and high production costs and the inability to compete.
Al-Samadi expected that the national exports to the brotherly Iraq will witness a great improvement during the coming period, especially with the package of joint decisions announced earlier this week, which included wide areas.
"The decision to exempt national goods from Iraqi duties reduces costs and enhances the competitiveness of the Iraqi market," said Omar Abu Wishah, chairman of the Jordanian Exporters Association.
The President of the Association expressed "the hope that additional goods will be covered by the decision to exempt Jordanian products from Iraqi fees in order to increase trade exchange activity between the two countries during the coming period."
He pointed out that "the Iraqi market is an important artery in front of the movement of development and growth of national exports, noting that the domestic industry was very dependent on the Iraqi market, which accounted for more than 25% of national exports.
"The implementation of the decision to exempt Jordanian products from Iraqi customs duties will have positive effects on the increase and growth of national exports in the coming period," said the spokesman of the Ministry of Industry, Trade and Supply.
Al-Bermawi pointed out that "there is a joint follow-up committee from the Jordanian and Iraqi sides will hold their meetings monthly to ensure the implementation of decisions and to resolve any obstacles that may face implementation."
Al-Baramawi said that "Jordan views Iraq as an important strategic partner in various fields in an effort to achieve complementarity to achieve mutual benefits."
He called on industry sector to take the initiative to enhance the benefit of this decision.
According to the latest official data released by the Jordanian Department of Statistics, the value of national exports to Iraq during the first 11 months of last year rose by 32% to reach 421.1 million dinars instead of 319.1 million dinars compared to the same period of 2017.
Jordan's exports to Iraq peaked In 2013 to reach 882 million dinars, while in 2017 fell to 367 million dinars. Ended 29 / a 43
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