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[size=35][size=35]Video: Calls to revive Iraqi factories in light of the poor quality of the imported product[/size]
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2021-06-21 | 05:23
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The decline in the volume of export versus import has triggered negative reactions in light of the almost complete dependence on oil in the federal budgets during the past years, which prompted economists to demand the revival of Iraqi factories and an end to the period of hibernation in which they are living.
Seventy items and a little more than them, which Iraq exports to countries in the region, including oil, is offset by thousands of commodities that it imports continuously, with a financial value of more than fifty billion dollars annually, which economists attribute to the disruption of factories and the high cost of local products compared to the imported ones.
Economists described the trade balance as uneven, especially since most exports stopped during the last two decades due to the general Iraqi economy's dependence on oil mainly.
External interventions and financial and administrative corruption are the most prominent reasons that disrupted the manufacturing machine in Iraq, especially those factories whose industries are still distinguished by a quality comparable to international industries.
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[You must be registered and logged in to see this link.]2021-06-21 | 05:23
[/size]
Source:
[You must be registered and logged in to see this link.]
211 views
In light of the poor quality of the imported product, calls for the revival of Iraqi factories after the atrophy that afflicted them during the past two decades.
The decline in the volume of export versus import has triggered negative reactions in light of the almost complete dependence on oil in the federal budgets during the past years, which prompted economists to demand the revival of Iraqi factories and an end to the period of hibernation in which they are living.
Seventy items and a little more than them, which Iraq exports to countries in the region, including oil, is offset by thousands of commodities that it imports continuously, with a financial value of more than fifty billion dollars annually, which economists attribute to the disruption of factories and the high cost of local products compared to the imported ones.
Economists described the trade balance as uneven, especially since most exports stopped during the last two decades due to the general Iraqi economy's dependence on oil mainly.
External interventions and financial and administrative corruption are the most prominent reasons that disrupted the manufacturing machine in Iraq, especially those factories whose industries are still distinguished by a quality comparable to international industries.
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