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Economist: Imposing customs duties on some raw materials is sabotaging the economy
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[rtl]Baghdad / NINA / The economic affairs specialist, Dergham Muhammad Ali, considered the imposition of customs duties on some materials and commodities as "a step towards economic sabotage, not reform."
Muhammad Ali said in a statement to the National Iraqi News Agency / NINA /: “Some of these commodities are considered among the raw materials involved in the industry, on which customs duties were not imposed, such as cartons and some other issues that fall within the local industry.These matters will incur additional costs on the local product, which leads to the discontinuation of some products.
He added: "It is better to impose taxes and customs fees on imported materials that are similar to the local factory, but imposing a tax on raw materials involved in the industry is considered sabotage and not an economic reform."
[/rtl]
Muhammad Ali said in a statement to the National Iraqi News Agency / NINA /: “Some of these commodities are considered among the raw materials involved in the industry, on which customs duties were not imposed, such as cartons and some other issues that fall within the local industry.These matters will incur additional costs on the local product, which leads to the discontinuation of some products.
He added: "It is better to impose taxes and customs fees on imported materials that are similar to the local factory, but imposing a tax on raw materials involved in the industry is considered sabotage and not an economic reform."
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