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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraq limits Iranian exports... and an official reveals the reasons

    Rocky
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    Iraq limits Iranian exports... and an official reveals the reasons Empty Iraq limits Iranian exports... and an official reveals the reasons

    Post by Rocky Tue Oct 31, 2023 3:26 pm

    Iraq limits Iranian exports... and an official reveals the reasons
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    Baghdad today - follow-up
    Today, Tuesday (October 31, 2023), an Iranian official revealed the decrease and decline of his country’s various exports to Iraq for several reasons, including the difference in the dollar exchange rate.
    The former Secretary of the Iranian-Iraqi Chamber of Commerce said in a press statement, “One dollar for an Iranian merchant is equivalent to 1,600 Iraqi dinars, while this number for businessmen from other countries is 1,300 dinars, which is equivalent to the official price of Iraq,” stressing that “this difference in the price that... “Up to 15% is acceptable for Iranian businessmen, but exceeding that will make things more difficult.”
    Hamid Hosseini pointed out, “The reason for preventing the import of agricultural products from Iran to Iraq is to increase the production of these products in Iraq,” noting that “Iraq has limited the import of some agricultural products from Iran with the aim of supporting local production of agricultural products.”
    He added, "The regions of southern Iraq, Basra, and Dhi Qar all include agricultural lands that have succeeded in recent years in raising fish and growing agricultural products due to government support in providing water. These farmers have objected to import operations, and for this reason the central government decided to ban imports, and the Kurdistan Regional Government Iraq is regulating imports by raising and lowering customs duties.”
    Hosseini stressed that "the import ban is limited only to the seasons in which Iraqi domestic production increases," noting that "as soon as the import of Iranian products into Iraq becomes limited, the internal stock will decrease, and after a short period, demand will rise again."
    He added, "In any case, exporting water-intensive agricultural products is not suitable for Iran."
    Regarding whether the spread of pests and non-standard agricultural products is a factor in banning these import operations, Hosseini explained: These defects apply only to apple trees, and not to other agricultural products.
    A member of the Chamber of Commerce spoke about the reasons for imposing duties on Iranian rebar imports to Iraq: Iraq produces about 3.5 million tons of rebar annually, but Iraqi rebar cannot compete with a similar Iranian product, so they imposed a customs tariff on its imports ranging from 70 to 80 dollars. .
    Hosseini considered that the main problem in exporting Iranian products to Iraq is the currency exchange rate for Iranian merchants in this country.
    He explained that "the exchange rate in Iraq for Iranian businessmen is 20% higher than for businessmen in other countries."

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