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After dominating the Iraqi market for years, Turkey is competing with the "expensive" Chinese goods, so will it topple it?
Shafaq News/ Despite their lack of durability and quality, global markets, including the largest global economy, the United States, are hardly devoid of them.. "Chinese goods" continue to invade the world due to their cheapness compared to the rest of the goods of the countries that manufacture them.
However, a sudden rise has occurred recently in Chinese goods in the Iraqi markets, and it seems that it has its justifications and causes, including what are "internal" and external", according to economists and traders, which made the goods of neighboring countries (Turkey and Iran) more attractive.
Dealers: currency, transportation, customs
One of the clothes dealers, Haider Al-Hasani, told Shafaq News Agency, "Many factors led to the rise in the prices of Chinese clothes, including the rise in the Chinese local currency compared to the dollar, in addition to the increase in transportation prices."
Al-Hasani adds that "many merchants began to turn to the Turkish markets, because of their quality and the increase in citizens' desire for them due to their sweeter and more beautiful models," according to his description, pointing at the same time to "the proximity of the distance, which is cheaper to transport than other countries," as Al-Hasani believes, that "The prices of Turkish clothes are similar to, if not lower than, the prices of Chinese clothes."
Muhammad Jawad, a trader of single-use items, told Shafaq News Agency, "The rise in the prices of Chinese goods is due to the high customs prices imposed on them," noting that "during the past two years, the goods were cleared customs between 3 to 5 thousand dollars, Currently, it ranges between 12 to 15 thousand dollars.
Jawad points out that "China has goods of great quality, just like the rest of the advanced industrial countries, but Iraqi merchants often import cheaper goods with low feasibility," noting that "consumers have begun to lean towards Turkish goods, as they are of high quality."
Austerity in China affected imports
While Muntazer Muhammad (importer of electrical appliances), believes that the merchants of origin in China have raised the prices of their goods exported to Iraq, due to the internal situation in China," noting to Shafaq News Agency, that "the Chinese economy is witnessing recent changes represented by changing the price of the local currency and rising transport prices, as well as the austerity called for by the Beijing government."
He continued, "All these factors led to a rise in the prices of imported Chinese electrical appliances," noting that "the prices of certain electrical appliances, such as some TV models, rose to about half."
Baghdad trade holds "oil prices" responsible
The head of the Baghdad Chamber of Commerce, Firas Al-Hamdani, told Shafaq News Agency, "All commodity prices are currently affected by oil prices, and since the latter has increased than it was last year, the raw materials will certainly rise as well, and therefore the industrialized countries will raise their prices in line with the rise in the price of oil."
Al-Hamdani continues that "transportation was also one of the reasons for the high prices of goods globally, as it was previously transporting (the two containers) between 3.5 and 4 thousand dollars, while it currently reaches between 5 and 6 thousand dollars," noting that "the high exchange rate of The dollar in Iraq also negatively affected the price hike.
Al-Hamdani rules out that customs and taxes are the reason for the high prices of goods, stressing that "customs and goods in Iraq are fixed."
Economist.. dollar exchange rates and costs
Economist Dergham Muhammad Ali told Shafak News Agency, "All imported goods are valued in dollars, and when the exchange rate of the dollar rises, it also rises, in addition to the rise in transportation costs due to the high fuel prices and insurance costs due to the Corona pandemic."
He explains that "the costs are related to several factors, including the costs of origin, transportation, insurance, storage and port floors, all of which are considered costs, and therefore the goods exported from China are like the rest of the goods to the countries of the world affected by these matters."
Citizens: indispensable
A number of Iraqi citizens believe that the Chinese goods, despite their lack of quality, "cannot be dispensed with."
Citizen Haider Fayek told Shafaq News Agency, "Chinese goods attract the buyer due to their cheapness compared to other goods imported from other countries," explaining that he "buys one Chinese shoe for ten thousand Iraqi dinars, while the price of the Turkish shoe is more than 20 dollars and sometimes rises to More than 200 dollars.
Fayek points out that "most consumers in popular markets are looking for the lowest prices, regardless of the quality and origin of the product."
Citizen Saad Hussein told Shafaq News Agency, "The rise in commodity prices is not a new thing, but Turkey and Iran have begun to compete with China in terms of price and quality," stressing that "most citizens today buy Turkish clothes and buy Turkish furniture."
He points to the need to "restore the Iraqi industry to what it was in the quality, supported and appropriate prices, and reduce imports."
And the Chinese government had called on its citizens to stock up on necessary commodities, especially food ones, while journalists residing in China said that “the warning is a routine measure from the Ministry of Commerce before the winter season, in addition to the outbreak of Corona cases in several provinces, and heavy rains that led to the closure of some roads".
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However, a sudden rise has occurred recently in Chinese goods in the Iraqi markets, and it seems that it has its justifications and causes, including what are "internal" and external", according to economists and traders, which made the goods of neighboring countries (Turkey and Iran) more attractive.
Dealers: currency, transportation, customs
One of the clothes dealers, Haider Al-Hasani, told Shafaq News Agency, "Many factors led to the rise in the prices of Chinese clothes, including the rise in the Chinese local currency compared to the dollar, in addition to the increase in transportation prices."
Al-Hasani adds that "many merchants began to turn to the Turkish markets, because of their quality and the increase in citizens' desire for them due to their sweeter and more beautiful models," according to his description, pointing at the same time to "the proximity of the distance, which is cheaper to transport than other countries," as Al-Hasani believes, that "The prices of Turkish clothes are similar to, if not lower than, the prices of Chinese clothes."
Muhammad Jawad, a trader of single-use items, told Shafaq News Agency, "The rise in the prices of Chinese goods is due to the high customs prices imposed on them," noting that "during the past two years, the goods were cleared customs between 3 to 5 thousand dollars, Currently, it ranges between 12 to 15 thousand dollars.
Jawad points out that "China has goods of great quality, just like the rest of the advanced industrial countries, but Iraqi merchants often import cheaper goods with low feasibility," noting that "consumers have begun to lean towards Turkish goods, as they are of high quality."
Austerity in China affected imports
While Muntazer Muhammad (importer of electrical appliances), believes that the merchants of origin in China have raised the prices of their goods exported to Iraq, due to the internal situation in China," noting to Shafaq News Agency, that "the Chinese economy is witnessing recent changes represented by changing the price of the local currency and rising transport prices, as well as the austerity called for by the Beijing government."
He continued, "All these factors led to a rise in the prices of imported Chinese electrical appliances," noting that "the prices of certain electrical appliances, such as some TV models, rose to about half."
Baghdad trade holds "oil prices" responsible
The head of the Baghdad Chamber of Commerce, Firas Al-Hamdani, told Shafaq News Agency, "All commodity prices are currently affected by oil prices, and since the latter has increased than it was last year, the raw materials will certainly rise as well, and therefore the industrialized countries will raise their prices in line with the rise in the price of oil."
Al-Hamdani continues that "transportation was also one of the reasons for the high prices of goods globally, as it was previously transporting (the two containers) between 3.5 and 4 thousand dollars, while it currently reaches between 5 and 6 thousand dollars," noting that "the high exchange rate of The dollar in Iraq also negatively affected the price hike.
Al-Hamdani rules out that customs and taxes are the reason for the high prices of goods, stressing that "customs and goods in Iraq are fixed."
Economist.. dollar exchange rates and costs
Economist Dergham Muhammad Ali told Shafak News Agency, "All imported goods are valued in dollars, and when the exchange rate of the dollar rises, it also rises, in addition to the rise in transportation costs due to the high fuel prices and insurance costs due to the Corona pandemic."
He explains that "the costs are related to several factors, including the costs of origin, transportation, insurance, storage and port floors, all of which are considered costs, and therefore the goods exported from China are like the rest of the goods to the countries of the world affected by these matters."
Citizens: indispensable
A number of Iraqi citizens believe that the Chinese goods, despite their lack of quality, "cannot be dispensed with."
Citizen Haider Fayek told Shafaq News Agency, "Chinese goods attract the buyer due to their cheapness compared to other goods imported from other countries," explaining that he "buys one Chinese shoe for ten thousand Iraqi dinars, while the price of the Turkish shoe is more than 20 dollars and sometimes rises to More than 200 dollars.
Fayek points out that "most consumers in popular markets are looking for the lowest prices, regardless of the quality and origin of the product."
Citizen Saad Hussein told Shafaq News Agency, "The rise in commodity prices is not a new thing, but Turkey and Iran have begun to compete with China in terms of price and quality," stressing that "most citizens today buy Turkish clothes and buy Turkish furniture."
He points to the need to "restore the Iraqi industry to what it was in the quality, supported and appropriate prices, and reduce imports."
And the Chinese government had called on its citizens to stock up on necessary commodities, especially food ones, while journalists residing in China said that “the warning is a routine measure from the Ministry of Commerce before the winter season, in addition to the outbreak of Corona cases in several provinces, and heavy rains that led to the closure of some roads".
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