Economic News: Jordan reduced its customs tariff 50% to paralyze Iraqi ports
19:59 - 04/04/2019
[You must be registered and logged in to see this link.]
The Committee on Investment and Economy Parliamentary Thursday that Jordan has worked to reduce customs tariffs up to 50% to encourage traders to transfer their goods through which the lack of traffic Iraqi ports, while considered the conclusion of the economic agreement with Jordan represent non - informed decisions economically.
"The Jordanian ports have given 50% reduction to their customs tariff to encourage traders to transport their goods through them and not to pass through the Iraqi ports," said Hamithi, a member of the committee.
She added that "the economic agreement concluded with Jordan has greatly affected the domestic product, as well as the creation of new unemployment among young people," noting that "the conclusion of the economic agreement with Jordan represents decisions not considered economically by the government."
The leader of the "Ataa" movement, Zaher al-Abadi, revealed in a statement to the "information", earlier, the agreement signed between Iraq and Jordan, "hidden items" not announced, noting that Jordan is the biggest beneficiary of the Convention.
Iraq agreed with Jordan earlier on the extension of the oil pipeline between Basra and Aqaba through Haditha province in Anbar province in the first quarter of 2019. Ended 25