[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
Baghdad - Conscious - Nassar Al-Haj
Today, Friday, the Ministry of Industry and Minerals identified 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 treasure during the past two years .
The media office of the Ministry of Industry told the Iraqi News Agency (INA), that "the main objective 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 harmful commercial practices in international trade with Iraq represented by B (the unjustified increase in imports, 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 tubes, 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 review and evaluation during the middle of the application period for the purpose of showing the implications of the decisions issued 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 the 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 practice any monopolistic activities through an adaptation plan that it submits as one of the documents required before making any recommendation .
[/size]
[You must be registered and logged in to see this link.]
[size]Baghdad - Conscious - Nassar Al-Haj
Today, Friday, the Ministry of Industry and Minerals identified 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 treasure during the past two years .
The media office of the Ministry of Industry told the Iraqi News Agency (INA), that "the main objective 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 harmful commercial practices in international trade with Iraq represented by B (the unjustified increase in imports, 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 tubes, 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 review and evaluation during the middle of the application period for the purpose of showing the implications of the decisions issued 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 the 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 practice any monopolistic activities through an adaptation plan that it submits as one of the documents required before making any recommendation .
[/size]
- [You must be registered and logged in to see this link.]
Today at 5:03 am by Rocky
» utube 11/11/24 MM&C News Reporting-IRAQ-USA-Financial Inclusion up 48%-Money Inside & Out of Iraq
Today at 5:00 am by Rocky
» "Thousands of them are suspended" .. Draft laws challenge the remainder of the life of the current p
Today at 5:00 am by Rocky
» Population, oil and salaries...hot files in the meeting between Al-Sudani and Barzani
Today at 4:56 am by Rocky
» Political attempts to obstruct it.. Personal Status Law on its way to legislation
Today at 4:54 am by Rocky
» MP: Al-Sudani has reached the conviction of the necessity of removing some ministers
Today at 4:53 am by Rocky
» Central Bank announces progress in dollar control procedures
Today at 4:49 am by Rocky
» Baghdad.. Closing 144 informal metal smelting factories to reduce pollution
Today at 4:47 am by Rocky
» Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024
Today at 4:46 am by Rocky
» Severe imprisonment for former Minister of Transport for deliberately violating his job duties
Today at 4:44 am by Rocky
» 4 new pharmaceutical factories
Today at 4:43 am by Rocky
» Iraq's move to attract $250 billion in investments welcomed
Today at 4:40 am by Rocky
» Financial inclusion and banking restructuring
Today at 4:39 am by Rocky
» Iraq records 4% economic growth, moves towards sustainable diversification
Today at 4:38 am by Rocky
» Al-Sudani and Barzani discuss finding solutions to common issues "according to the constitution"
Today at 4:33 am by Rocky
» Requesting Iraqi mediation.. US delegation arrives in Baghdad to follow up on the "hotline" with Teh
Today at 4:32 am by Rocky
» Iraqi oil continues to decline for the third day in a row
Today at 4:31 am by Rocky
» Population census in Iraq: social and political importance and a major challenge for the government
Today at 4:30 am by Rocky
» Next Thursday.. the start of the first phase of the census
Today at 4:28 am by Rocky
» 11 international companies compete to operate Faw Port
Today at 4:27 am by Rocky
» Baghdad conveys Trump's message to Tehran: Stop proxy wars... and confirms removing the opposition f
Today at 4:24 am by Rocky
» Iraq contracts to purchase defense systems and helicopters
Today at 4:23 am by Rocky
» Has Al-Sudani's government succeeded in keeping the fire away from Iraq?
Today at 4:22 am by Rocky
» Justice announces the Ministry of Finance’s approval to appoint contract employees in all judicial d
Today at 4:20 am by Rocky
» Expert: Traders’ dealings with sanctioned markets trigger demand for dollars on the black market
Today at 4:19 am by Rocky
» Anbar.. Al-Waleed District summarizes the completed and under-construction projects for the current
Today at 4:17 am by Rocky
» A government delegation reviews the work stages and completion rates at Nasiriyah International Airp
Today at 4:16 am by Rocky
» Al-Mashhadani to the Sovereignty Bloc delegation: The necessity of turning the page on differences b
Today at 4:15 am by Rocky
» Al-Hasnawi: Iraq will benefit from green climate funds to improve the environment
Today at 4:14 am by Rocky
» New decisions approved by the Council of Ministers during today's session
Today at 4:12 am by Rocky
» The Chairman of the Trade Bank of Iraq reveals to Alsumaria the interest rate on loans
Today at 4:10 am by Rocky
» The 10 cheapest countries to pay electricity and gas bills.. Where is Iraq?
Today at 4:07 am by Rocky
» Al-Sudani and Nechirvan Barzani at one table in Erbil
Today at 4:06 am by Rocky
» Here are the dollar prices in the Iraqi stock exchanges
Today at 4:04 am by Rocky
» Parliamentary Committee Reveals to Alsumaria Latest Developments in Israeli Violation of Iraqi Airsp
Today at 4:02 am by Rocky
» The largest of its kind in Iraq.. Launching a pioneering medical conference for professional develop
Today at 4:01 am by Rocky
» A source explains the circumstances of transferring 75% of the Ministry of Interior’s civilian emplo
Today at 3:59 am by Rocky
» Weapons are becoming more "loose" and the Interior Ministry is "politicizing"
Today at 3:58 am by Rocky
» Government messages to citizens regarding the population census in Iraq
Today at 3:56 am by Rocky
» What is Iraq's ranking in the Artificial Intelligence Index?
Today at 3:54 am by Rocky
» utube 11/9/2 MM&C News Reporting-Sudani Art IV IMF-Port Faw Open-CBI Governor-No Room for Tw
Yesterday at 7:08 am by Rocky
» Finance Committee discusses revenue enhancement and investment budget allocations with governors
Yesterday at 7:06 am by Rocky
» His advisor: Al-Sudani's visit to Kurdistan focuses on these files
Yesterday at 7:03 am by Rocky
» Al-Tamimi explains the importance of the real estate return law
Yesterday at 7:02 am by Rocky
» MP: The administrative capital is a project under study and 2025 is the decision date
Yesterday at 7:01 am by Rocky
» Parliamentary Planning: Al-Sudani's government has not achieved what it pledged in its program
Yesterday at 6:59 am by Rocky
» MP: Baghdad has started funding the governorates to complete their projects
Yesterday at 6:57 am by Rocky
» Al-Haboubi: The Riyadh Summit ignored the most important item that would force the entity to stop th
Yesterday at 6:56 am by Rocky
» Foreign remittance sales increase by 99% at Central Bank auction
Yesterday at 6:54 am by Rocky
» Trade Bank of Iraq clarifies interest rates on its loans in 5 areas
Yesterday at 6:53 am by Rocky
» Iraq prepares to launch a group of investments worth a quarter of a trillion dollars
Yesterday at 6:51 am by Rocky
» Bitcoin Approaches $90,000 for the First Time Ever
Yesterday at 6:50 am by Rocky
» Minister of Electricity directs investigation into high electricity bills
Yesterday at 6:49 am by Rocky
» Iraqi Ministry Approves Contract Fixing
Yesterday at 6:48 am by Rocky
» Iraq prepares investment portfolio to attract $250 billion in two years
Yesterday at 6:44 am by Rocky
» What is the cost of the population census in Iraq?
Yesterday at 6:43 am by Rocky
» Parliamentary Finance Committee discusses investment budget allocations with a number of governors
Yesterday at 5:13 am by Rocky
» President of the Republic: Iraq is fulfilling its obligations under the climate agreement
Yesterday at 5:11 am by Rocky
» The position of truth
Yesterday at 5:10 am by Rocky
» The government places achieving development among the priorities of the 2025 budget
Yesterday at 5:07 am by Rocky
» Next Thursday .. Planning begins the first step of the census
Yesterday at 5:05 am by Rocky
» The utility of the population census
Yesterday at 5:04 am by Rocky
» Iraq needs to address funding issues
Yesterday at 5:03 am by Rocky
» The risk of oil supply disruption has receded.
Yesterday at 5:02 am by Rocky
» Parliamentary Finance Committee discusses with a number of governors the allocations of the investme
Yesterday at 5:00 am by Rocky
» Integrity: Two new rulings issued against the director of a government bank in Diyala
Yesterday at 4:57 am by Rocky
» Federal Ministry of Finance returns payrolls of regional employees due to technical problems
Yesterday at 4:56 am by Rocky
» Iraqi analysis of the results of the "Riyadh Summit": Ink on paper and will not change anything in r
Yesterday at 4:54 am by Rocky
» Finance Ministry approves the establishment of all contracts in justice institutions
Yesterday at 4:52 am by Rocky
» In various fields.. Preparations to launch a group of "unprecedented" investments in Iraq
Yesterday at 4:46 am by Rocky
» Al-Sudani's advisor announces US Treasury support mechanisms for Iraq
Yesterday at 4:40 am by Rocky
» Indomie and dollar smuggling: Has fast food become a cover for currency smuggling from Iraq?
Yesterday at 4:38 am by Rocky
» Including personal status.. Former MP: Parliament will resume work next Saturday to pass laws
Yesterday at 4:37 am by Rocky
» Politician: America has put Iraq at its mercy and controls all its imports
Yesterday at 4:36 am by Rocky
» “Political” Interventions in Nineveh Education... Transferring Staff and Appointing “Contractors” as
Yesterday at 4:34 am by Rocky
» Al-Sudani at the Riyadh Summit... and American messages may be passed to Tehran via Baghdad
Yesterday at 4:33 am by Rocky
» Is the Grand Faw Port Iraq's gateway to global trade?
Yesterday at 4:32 am by Rocky
» After extending its legislative term... Why has Parliament not held any session yet?
Yesterday at 4:31 am by Rocky
» Karrada bids farewell to its trees: Road expansion sparks controversy over the future of the environ
Yesterday at 4:30 am by Rocky
» Victory Coalition talks about the outbreak of a “war of leaks” and reveals an external breach
Yesterday at 4:29 am by Rocky
» Al-Mashhadani confirms to the US Ambassador the importance of resolving the security agreement file
Yesterday at 4:27 am by Rocky
» Al-Sudani: Iraq strongly renews its initiative to establish an Arab and Islamic fund
Yesterday at 4:25 am by Rocky
» Al-Khazaali: The importance of activating cooperation mechanisms between Iraq and Azerbaijan in the
Yesterday at 4:24 am by Rocky
» Al-Araji and Salami discuss details of joint security agreement and border control between the two c
Yesterday at 4:23 am by Rocky
» Al-Sudani and Bin Salman stress the need to coordinate positions to stop the war and provide relief
Yesterday at 4:22 am by Rocky
» Parliamentary Finance: The government has started preparing the 2025 budget
Yesterday at 4:20 am by Rocky
» Al-Sudani to Bin Salman: We appreciate the efforts made by the Kingdom to hold the summit called for
Yesterday at 4:17 am by Rocky
» What did Iraq achieve in its meetings with the US Treasury, and did it succeed in controlling the sa
Yesterday at 4:10 am by Rocky
» Morning list of dollar exchange rates in Iraq
Yesterday at 4:09 am by Rocky
» Ziggurat of Aqar Quf.. A new step to choose Baghdad as the Arab Tourism Capital for the year 2025
Yesterday at 4:06 am by Rocky
» Notice regarding applying for the free scholarship channel for the medical group colleges
Yesterday at 4:05 am by Rocky
» After questions published on Alsumaria.. Planning sends a message to Iraqis: Don't worry
Yesterday at 4:04 am by Rocky
» Al-Mashhadani to the US Ambassador: The importance of resolving the security agreement file by the e
Mon 11 Nov 2024, 6:52 am by Rocky
» Mr. Al-Hakim: We support the automation of government sectors to stimulate the economy and move prod
Mon 11 Nov 2024, 6:51 am by Rocky
» Embezzlement of 570 million dinars from a bank in Babylon
Mon 11 Nov 2024, 6:49 am by Rocky
» The housing dream is fading away: Are housing complexes only for the wealthy?
Mon 11 Nov 2024, 6:48 am by Rocky
» Economist identifies main reason behind dollar's rise
Mon 11 Nov 2024, 6:45 am by Rocky
» Al-Mutalibi: The Riyadh Summit is a preparation for the American project towards Palestine
Mon 11 Nov 2024, 6:41 am by Rocky
» With the document.. The State Council completes the review of the law on the care of minors in Iraq
Mon 11 Nov 2024, 6:39 am by Rocky