Industry: Local companies covering the market need in 3 products
[ltr]2023.02.24 - 11:44[/ltr]
[ltr]2023.02.24 - 11:44[/ltr]
[You must be registered and logged in to see this image.]
Baghdad - Nas
The Ministry of Industry and Minerals identified, on Friday, the main objectives of imposing taxes on imported products according to the decisions of the Council of Ministers, and while it indicated that local companies cover the market need for products by more than 100%, it revealed the revenues of customs duties received for the state treasury during the past two years.
[You must be registered and logged in to see this link.]
The media office of the ministry said in a statement to the official agency, followed by “NAS” (February 24, 2023), that “the main goal of imposing preventive measures on foreign imports based on the amended Iraqi Products Protection Law No. 11 of 2010 is to remove damage to the local industry as a result of commercial practices.” Harmful in international trade with Iraq represented by (the unjustified increase in import, government support and dumping), pointing out that "the purpose of this is to improve competitiveness and build a solid local industry."
He added that "one of the most important duties of the competent authority in issuing decisions related to the protection of local production is to achieve a balance between the interest of the local industry and consumer protection and to build a healthy competitive environment," noting that "there are local companies in the public, mixed and private sectors that have the ability to cover the local need, such as ( Metal pipes, cartons, and detergents) which cover more than 100% and are represented by local companies widely spread over the area of Iraq, especially with regard to the detergent product.
He stated that "the main objective of imposing the measures varies according to the products concerned, as there are social and economic necessities in addition to the political dimensions of the protection process," noting that "the percentage of coverage is closely linked with the percentage of the additional customs fee imposed according to the decisions of the Council of Ministers based on the provisions of the law."
The office confirmed that "the procedures of the authority concerned with implementing the provisions of the Iraqi Products Protection Law depend on the principle of transparency by announcing the start of its investigation procedures before taking any decision and allowing the relevant authorities to present their opinions and hold hearings to reach the best solutions, in addition to that the decisions issued in this regard are subject to For review and evaluation during the middle of the implementation period for the purpose of demonstrating the repercussions of the issued decisions on both domestic production and the consumer.
The office stressed the need for the border crossings of the central government and the ports of the region to adhere to the implementation of the decisions issued by the Council of Ministers in this regard, because of their great role in supporting and revitalizing the industrial sector, allowing local producers to operate their factories and encouraging investors to establish new projects in light of providing an appropriate environment. .
He stressed that "the imposition of additional customs duties on imported products from the financial side represents an important source of financial resources that supply the state treasury, as the value of additional customs duties for the year 2021 amounted to more than 175 billion dinars (175784433808), and as of September 30, 2022, it amounted to more than 54 One billion dinars (5436318980)”, pointing out that “consumers, as individuals or companies, tend to meet their need for local production, whether they are final products or intermediate products, that will prevent the leakage of hard currency outside Iraq, achieve self-sufficiency, increase the gross domestic product and increase the local added value, for example For example, the value of imports of the cardboard product for the year 2019 amounted to more than one hundred million dollars (100,714,899), while the percentage of coverage of local production capacities for this product exceeds 100%.
He stated that "achieving self-sufficiency in the cardboard product will prompt consumers of this product to go to cover their needs from local factories," explaining that "one of the most important benefits achieved as a result of imposing customs duties is reducing imports and consumer dependence on local production and reducing the leakage of hard currency outside the country." Among the procedures of the competent authority is to oblige the companies submitting requests for protection not to increase prices or engage in any monopolistic activities through an adaptation plan that it submits as one of the documents required before making any recommendation.
[You must be registered and logged in to see this link.]
Today at 5:10 pm by Rocky
» utube MM&C 5/7/24 Iraq Dinar- IQD Update - Regional Trade - A Progession of Reforms - A Global Bac
Today at 5:09 pm by Rocky
» After a break of more than 9 years.. the resumption of a government trade meeting between Iraq and A
Today at 8:06 am by Rocky
» A deputy in finance expects the Council of Ministers to approve the budget schedules in today’s sess
Today at 8:02 am by Rocky
» A deputy resolves the controversy over the “transfer supplement” in two ministries
Today at 8:01 am by Rocky
» Al-Halbousi’s “vacant” seat.. Will the coordination framework end the “Taqaddum” dream of an allianc
Today at 7:59 am by Rocky
» The Federal Government issues a state order to stop the Commission’s work procedures regarding the K
Today at 7:57 am by Rocky
» Including the freedom to choose the bank and withdraw the salary for “free”... “My Account” features
Today at 7:55 am by Rocky
» The Central Bank sells more than $250 million during its daily auction
Today at 7:51 am by Rocky
» Al-Sudani receives a delegation from the Union of Arab Banks
Today at 7:44 am by Rocky
» Iraq and the United States of America hold trade meetings in Washington
Today at 7:43 am by Rocky
» In pictures... The activities of the Union of Arab Banks conference in Baghdad, “Day Two”
Today at 7:42 am by Rocky
» The Director General of Ports announces the completion of berths (3) and (4) in Al-Faw Grand Port
Today at 7:40 am by Rocky
» The Council of Ministers holds its regular session headed by Al-Sudani
Today at 7:38 am by Rocky
» Parliament publishes the agenda of its session for next Thursday
Today at 7:37 am by Rocky
» A government measure to reduce "money laundering" using the buying and selling of real estate in Ira
Today at 7:35 am by Rocky
» Iraq proposes establishing a specialized council to combat corruption in Arab countries
Today at 7:32 am by Rocky
» Al-Mawarid intends to establish infrastructure and investment projects for the water sector in Iraq
Today at 7:30 am by Rocky
» The Federal Court issues a decision regarding postponing the election of the Speaker of the House of
Today at 7:28 am by Rocky
» A government meeting to discuss financing and implementation mechanisms for the Development Road Pro
Today at 5:12 am by Rocky
» Al-Sudani: Iraqi banks are on the right track with financial transfers
Today at 5:11 am by Rocky
» Al-Khazali: The Turkish side is still imposing its conditions on Iraq
Today at 5:08 am by Rocky
» Rights: We refuse to amend the bylaws of Parliament under political influence and desires
Today at 5:07 am by Rocky
» Nechirvan Barzani: We want to address all problems with Iran and begin a new phase of relations
Today at 5:05 am by Rocky
» Today, Iraq and Iran signed the minutes of a joint meeting related to trade
Today at 5:03 am by Rocky
» KPMG International begins auditing the revenues of telephone companies operating in Iraq
Today at 5:02 am by Rocky
» Oil: The seventh batch of equipment for the gas manufacturing project in the Nasiriyah and Gharraf f
Today at 5:01 am by Rocky
» Al-Sudani assures the French ambassador of Iraq’s openness to “fruitful” partnerships
Today at 5:00 am by Rocky
» Government move to install gold screening devices at 4 airports
Today at 4:59 am by Rocky
» Sudanese Advisor: The oil sector is witnessing a rapid renaissance
Today at 4:58 am by Rocky
» Opening offices specialized in employing people with disabilities
Today at 4:57 am by Rocky
» Infrastructure and investment projects for the water sector in Iraq
Today at 4:56 am by Rocky
» Adopting the electronic system in the next census
Today at 4:55 am by Rocky
» Al-Sudani chairs the first meeting to restructure the government apparatus
Today at 4:54 am by Rocky
» Business Council: Efforts to open a branch of the Chinese Bank in Iraq
Today at 4:53 am by Rocky
» Iraqi diplomacy is balanced openness
Today at 4:52 am by Rocky
» The head of the Integrity Commission told Al-Sabah: We are the people’s eyes on the government and s
Today at 4:51 am by Rocky
» Baghdad Provincial Council: The capital is facing a new urban and service phase
Today at 4:49 am by Rocky
» Customs, security and economic aspects
Today at 4:48 am by Rocky
» Central Governor: We face “increasing challenges” in complying with international laws
Today at 4:48 am by Rocky
» Payment of end-of-service benefits to employees referred to retirement for the month of May
Today at 4:46 am by Rocky
» Billions “evaporated”.. What is the truth about closing the “theft of the century” file in Diyala?
Today at 4:45 am by Rocky
» The Minister of Labor approves the extinguishment of debts owed by transgressors from the families o
Today at 4:43 am by Rocky
» How did Washington comment on Nechirvan Barzani's visit to Tehran?
Today at 4:42 am by Rocky
» The honeymoon is over and the salary crisis continues. Baghdad and Erbil exchange accusations, but s
Today at 4:41 am by Rocky
» Why has Iraq not submitted a file to stop burning gas over the past years?
Today at 4:39 am by Rocky
» A slight increase in the exchange rate...more than 146 thousand per 100 dollars
Today at 4:38 am by Rocky
» Do Iraq's debts pose a threat to the economy? Parliament answers
Today at 4:37 am by Rocky
» Agriculture explains the mechanism of implementing the calendar program and its economic gains
Today at 4:36 am by Rocky
» President Masoud Barzani meets an Iraqi parliamentary delegation
Today at 4:34 am by Rocky
» Parliamentary criticism of the government’s delay in sending the budget schedules despite the approa
Today at 4:33 am by Rocky
» A report reveals the existence of an undeclared “Iraqi-British” agreement regarding asylum seekers
Today at 4:32 am by Rocky
» Alternative energy... advanced stages of the largest solar energy station in Iraq
Today at 4:31 am by Rocky
» Its delay raised concerns... it is likely that the 2024 budget schedules will be approved today
Today at 4:30 am by Rocky
» The industry reveals the reasons why Russian companies stopped reconstructing 7 factories in Anbar
Today at 4:29 am by Rocky
» Billions evaporated.. What is the truth about closing the theft of the century file in Diyala?
Today at 4:28 am by Rocky
» Nouri Al-Maliki to the Saudi Ambassador: Iraq is open to all countries of the world
Today at 4:26 am by Rocky
» An Iraqi generation that “does not fear” America and Iran.. Nadim Al-Jabri explains his expectations
Today at 4:25 am by Rocky
» After 9 years.. the third session of the Trade and Investment Framework Agreement between Iraq and A
Today at 4:22 am by Rocky
» “These are our goals.” The Turkish President talks about his visit to Iraq last month
Today at 4:21 am by Rocky
» Romanowski: The Iraqi judiciary is independent and the Federal Court seeks to consolidate democracy
Today at 4:19 am by Rocky
» Deputy: The presidency of Parliament will remain vacant until the end of the current session
Today at 4:17 am by Rocky
» Political: The Iraqi economy is threatened by American hegemony because of the coordination administ
Today at 4:16 am by Rocky
» Politician: Salem Al-Issawi will not become Speaker of Parliament
Today at 4:15 am by Rocky
» Planning reveals the mechanism for examining gold in local markets
Today at 4:14 am by Rocky
» Including railway connectivity and water shares... Iraq and Iran are discussing a number of common i
Today at 4:12 am by Rocky
» Oil is preparing to export gas oil after achieving self-sufficiency
Today at 4:11 am by Rocky
» Trade is preparing to hold a number of specialized exhibitions in Baghdad and the provinces
Today at 4:09 am by Rocky
» Erdogan: Our goal is to raise the volume of trade with Iraq to more than 20 billion dollars
Today at 4:08 am by Rocky
» Al-Sudani confirms Iraq's openness to fruitful partnerships with French companies
Today at 4:07 am by Rocky
» Determining the launch date for the activities of the 48th session of the Baghdad International Fair
Today at 4:06 am by Rocky
» Al-Sudani receives a delegation from the Union of Arab Banks
Today at 4:05 am by Rocky
» utube 5/3/24 MM&C Iraq Dinar Update - Expectation - Implementation - Activation - New Exchange Rat
Yesterday at 7:30 am by Rocky
» “Services” asks the Central Bank about billions of foreign banks in Iraq
Yesterday at 7:27 am by Rocky
» Central Bank: Iraqi banks still face challenges in complying with international laws and standards
Yesterday at 7:24 am by Rocky
» Parliamentary bloc: The Central Bank offers hard currency to “mafias” on a golden platter.. The Suda
Yesterday at 7:20 am by Rocky
» The Iraqi Central Auction witnesses a rise in foreign remittances to $267 million
Yesterday at 7:19 am by Rocky
» Wednesday.. The session to elect the President of the Iraqi Parliament is heading towards “Al-Issawi
Yesterday at 7:14 am by Rocky
» The Union of Arab Banks proposes 4 “important” points for Iraqi banks to meet compliance standards
Yesterday at 7:12 am by Rocky
» In the document... the Central Bank decides to return the “Al-Mal” Bank to work... in this case
Yesterday at 7:08 am by Rocky
» The Iraqi-American agreements and cooperation were the most prominent topics of Al-Araji and Romanow
Yesterday at 7:06 am by Rocky
» Al-Hakim meets a joint delegation of resolve and sovereignty and renews the call to hold a session t
Yesterday at 7:05 am by Rocky
» Nearly one billion dinars were recovered and 3 million liters of fuel intended for smuggling in Iraq
Yesterday at 7:03 am by Rocky
» Al-Sudani and the European Union ambassador discuss issues of economic partnerships, civil aviation,
Yesterday at 6:59 am by Rocky
» More than 950 million dinars... petroleum products announced their recovery
Yesterday at 6:57 am by Rocky
» Forming a committee to follow up on stopping the sale of the dollar to travelers
Yesterday at 6:54 am by Rocky
» The Minister of Justice visits Al-Muthanna Governorate to discuss mechanisms for developing judicial
Yesterday at 6:52 am by Rocky
» Agriculture: Farmers who were affected by the recent rains will be compensated
Yesterday at 6:51 am by Rocky
» Al-Rasheed issues a warning regarding applying for advances and loans
Yesterday at 6:49 am by Rocky
» Al-Rafidain announces the implementation of the comprehensive banking system in its main branch
Yesterday at 5:24 am by Rocky
» Al-Rasheed warns of offices and pages claiming to promote the Salaf
Yesterday at 5:22 am by Rocky
» Adviser to the Prime Minister: There are no conflicts in the route of the Baghdad Metro
Yesterday at 5:19 am by Rocky
» Al-Sudani: We are keen to develop the work of the TBI Bank and address the problems it faces
Yesterday at 5:18 am by Rocky
» Agriculture explains the mechanism of implementing the calendar program and its economic gains
Yesterday at 5:17 am by Rocky
» “The shocks have changed.” The Governor of the Central Bank explains the impact of the openness of I
Yesterday at 5:16 am by Rocky
» The President of the Association of Private Banks sends an “important” invitation to the Central Ban
Yesterday at 5:15 am by Rocky
» Al-Alaq: The Iraqi banking sector has witnessed significant qualitative developments in response to
Yesterday at 5:12 am by Rocky
» On behalf of Al-Sudani, the Minister of Planning sponsors the signing ceremony of a memorandum of un
Yesterday at 5:11 am by Rocky
» The Iraqi Travel Companies Association participates in the Arab Travel Market Exhibition
Yesterday at 5:10 am by Rocky