Home
Experts: Iraq is outside the global inflation cycle
Economical 05/23/2024
[You must be registered and logged in to see this image.]
Specialists in agricultural and economic affairs noted that the improvement in agricultural production and the regular provision of food basket items has pushed Iraq to be outside the cycle of inflation and high prices that the world is witnessing, in light of government efforts to reduce the price of meat, which was the most prominent effect.
The Minister of Commerce, Atheer Al-Ghurairi, recently announced that Iraq was removed from the list of countries that lead the increase and inflation in prices, and stressed that the ration is secured with strategic storage, and it does not need the citizen’s worry about the rise in the prices of its items in the markets.
Advisor to the Ministry of Agriculture, Mahdi Damad Al-Qaisi, told Al-Sabah: The agricultural sector played a role in supporting food security, in addition to the economic and social aspects related to this sector, as well as health and environmental, as it had a fundamental and important role in development, and received great government support. Represented by the Prime Minister and the ministerial cabinet.
He pointed out that the first initiatives that have been achieved are self-sufficiency, especially in the wheat crop during the past and current years, as it is hoped that quantities exceeding six million tons will be marketed to the Ministry of Commerce, which will deliver farmers’ dues once they receive the crop, which is one of the methods of supporting farmers, in addition to the role of the Ministry of Commerce. Agriculture in spreading modern technologies, specifically sprinkler irrigation, especially in areas dependent on groundwater, which has reached about 4 million dunams.
Al-Qaisi pointed out that the ministry proposed to the Ministerial Council for the Economy to reduce customs duties on imported live animals for the purpose of slaughter, namely calves, sheep, and cows, by 50 percent, as the duty became only 2 percent for those animals. As for animals imported for the purpose of breeding, the customs duty rate became 5 percent for the purpose of reducing the burden on the consumer and reducing prices. In addition, the Ministry encouraged the Private Sector Investment Department for the purpose of entering into projects to raise productive animals. He continued that the ministry also submitted a proposal to the Ministerial Council for the Economy to support the poultry sector by increasing the customs duty on table eggs, so the customs duty became 70 percent instead of 20 percent to support breeders and promote the local industry, which is healthier and safer than imported ones.
For his part, economic affairs researcher Imad Al-Muhammadawi told Al-Sabah: The world is witnessing inflation and anxiety as a result of rising prices, an increase not seen in decades, which has been reflected in all Arab and international countries.
He added that Iraq was able to be immune from this rise, except with regard to meat prices, and it is on its way to a solution by controlling border crossings and preventing exports, in addition to reducing customs duties on live animals imported for the purpose of slaughter.
He continued that a report issued by the International Monetary Fund indicated that the Arab region witnessed in the past year an increase of about 9.3 percent, affected by various factors, including the decline in the currency exchange rates of a number of Arab countries, and changes in the prices of energy and foodstuffs.
Al-Muhammadawi pointed out that the country is witnessing a clear increase in the harvest of agricultural crops, which has had a striking impact on the prices of food products, as the Ministry of Agriculture recently announced the marketing of more than two million tons of wheat so far, while indicating entry into the peak stage of marketing, and confirming that Iraq has achieved self-sufficiency. For many crops.
Edited by: Ali Mowafaq
[You must be registered and logged in to see this link.]
» Slight decrease in dollar exchange rates in local markets
» Basra Gas Company launches the “Safe Step” program to raise awareness of the dangers of mines and wa
» With high-level governmental and international presence... the activities of the Iraqi Digital Space
» Ministry of Oil: FCC project to produce derivatives to be completed in the middle of next year
» Does America influence the decisions to form the regional government?.. 5 critical months
» Search for remains of the eight-year war postponed until 2025.. Diggers await spring
» US forces reposition in the "Desert Triangle" in western Iraq
» Al-Dahlaki: The general amnesty law is not just an election slogan as the "forgers" want it to be
» Date set for resuming oil exports from Kurdistan via Turkish port of Ceyhan
» 2025 budget between the government and parliament corridors
» Parliamentary Finance: Population census is a criterion for distributing resources and financial all
» Dollar prices in Iraqi markets
» A source reviews the factors that "undermine" the goals.. What is behind the efforts to form the "Ce
» What are the most controversial paragraphs in the general amnesty law? Al-Saadi reveals to Sumaria
» MM&C 11/17/24 For the first time in Iraq.. Efforts to establish an "Investment Association" to attr
» Al-Sudani chairs the fifth session of the Supreme Coordination Committee between the governorates
» A fruitful international-Japanese partnership produces its eighth batch... Celebrating the success o
» The President of the Republic stresses the need to develop a future strategy for financial policy ac
» Tomorrow.. Turkish Trade Minister visits Baghdad to discuss several files
» Rashid and Al-Alaq discuss the future of the Iraqi banking sector
» US Ambassador assures Maliki of her country's support for Iraq's stability
» Parliamentarian addressing the Judicial Council: When will corruption files be resolved?
» Economist: Re-exporting Kurdistan oil will cause Iraq to lose $5 billion and a budget deficit
» Financial Advisor: Good performance of fiscal space reflects government’s ability to increase spendi
» The President of the Republic stresses the need to develop a future strategy for financial policy
» Parliament determines the most important laws it will work on before its legislative break in a few
» Dollar exchange rates against the dinar in Iraqi stock exchanges
» Government correspondence to install 8 thousand electricity meter readers
» utube 11/16/24 MM&C-News Report-Iraq Dinar-Oil-Flow-Global Maritime Trade-Cross Border Transfer-Ex
» utube 11/13/24 MM&C MM&C News-Private Sector- Electronic Payments-Reconstruction-Development-Digit
» utube MM&C 11/15/24 Update-Budget-Non Oil Resources-CBI-USFED-Cross Border Transfers-Oil
» Al-Sudani is besieged by lawsuits over the “wiretapping network”... and Al-Maliki heard “inappropria
» Tens of thousands of foreigners work illegally in Basra... and the departments will bear the respons
» 4 reasons for the Sudanese government’s silence in the face of the factions’ attacks.. Will Baghdad
» PM's advisor: Government able to increase spending without inflation or fiscal deficit
» Prime Minister stresses the need to complete 2024 projects before the end
» Minister of Labor sets date for launching second batch of social protection beneficiaries in the pol
» Al-Sudani approves 35 new service projects, stresses the need to complete 2024 projects
» Minister of Labor: The population census will provide accurate calculations of poor families covered
» Electricity announces its readiness for the winter peak
» Economist: Parallel market remains pivotal to financing Iraq’s trade with Iran, Syria
» Trump: Iraq: A subsidiary or the focus of major deals?
» Counselor Mazhar Saleh: The government is able to increase spending without causing inflation or a f
» Al-Sudani's advisor to "Al-Maalouma": We do not need to bring in foreign workers
» Parliamentary Rejection.. Parliamentarian Talks About Jordanian Agreement That Harms Iraq’s Economy
» Al-Sudani chairs the periodic meeting of the service and engineering effort team
» Al-Sahaf: Washington continues to support terrorist organizations in Iraq
» Al-Maliki Coalition: America is trying to make Iraq hostile to its neighbors by violating its airspa
» Close source: Al-Sudani failed to convince Al-Hakim and Al-Amiri to carry out the ministerial reshuf
» Al-Sayhoud on Postponing Parliament Sessions: Bad Start for Al-Mashhadani
» Peshmerga Minister: The survival of the Kurdistan Region depends on the presence of a strong Peshmer
» Al-Maliki Coalition: US pressures prevent Israel from striking Iraq
» Nechirvan Barzani calls for keeping Peshmerga out of partisan conflicts, urges formation of 'strong
» US Institute: Trump administration may prevent Iraq from importing Iranian gas as part of pressure o
» The meter will visit families again.. Planning details the steps for conducting the population censu
» Government clarification: Is Iraq able to increase spending?
» Iraq advances over China.. Iran's trade exchange witnesses growth during October
» Al-Sudani approves 35 new service projects and begins implementing them within 10 days
» Al-Sudani and Al-Hakim discuss developments in the political scene and the results of the visit to K
» Minister of Labor: Government measures contributed to reducing the poverty rate from 22% to 16.5%
» Al-Maliki calls for strengthening national dialogue and unity to overcome the current stage
» Al-Sudani stresses the importance of accuracy and specifications in service and engineering projects
» Baghdad Governor: 169 projects are listed for referral and contracting
» Industry confirms success by signing 4 investment contracts for strategic industries
» Parliament confirms its support for conducting the general population census and decides to resume s
» Parliament gains a "holiday and a half"... Half of the "extended" legislative term passes without se
» Find out the exchange rates of the dollar against the dinar in the Iraqi stock exchanges
» Al-Maliki describes tribes as a "pillar" for confronting challenges in Iraq
» The plan in the "distribution method".. A representative describes the "investment achievement" as n
» Iraq is ahead of China in trade exchange with Iran.. These are the numbers
» MM&C 11/14/24 Central Bank Governor Urges Türkiye to Open Accounts for Iraqi Banks
» MM&C 11/14/24 Trump and the Iraqi Banks Puzzle
» New decline in gold in Iraq.. and globally records the worst week in 3 years
» Monitoring body approves 2023 imports annual report
» Development Road: Faw Port Ignites Regional Corridor Race
» First in Iraq... Diyala sets a plan for "rural reconstruction"
» Al-Saadi: Influential parties are working to erase the theft of the century file
» MP: Baghdad supports the "Diyala Artery" project with 40 billion dinars
» Source: General amnesty law will pave the way for the return of terrorist groups
» The Prime Minister stresses the need to expedite the completion of the requirements for restructurin
» Minister of Resources: The project to develop the left side of the Tigris River has reached its fina
» Foreign Minister: We are proceeding with implementing the associated gas exploitation program
» Swiss Ambassador Expresses His Country's Desire to Invest in Iraq
» "We left the camel and its load" .. Moroccan farmers await "imminent compensation" from Iraq
» OPEC sues Iraqi minister over oil violations.. What is Kurdistan's involvement?
» Iraq warns of 'dire consequences' of imposing barriers to plastic products
» Iranian newspaper: Iraq's development path is a step towards regional economic integration
» Al-Mandlawi discusses with the Russian ambassador developing relations in the fields of economy, inv
» Oil Minister discusses with Dutch Ambassador strengthening bilateral relations
» The Minister of Oil discusses with the companies "+dss" and "Xergy", joint cooperation to develop th
» Rafidain Bank announces a plan to include other branches in the implementation of the comprehensive
» With the presence of the opposition... Baghdad supports the partnership government in Kurdistan
» Parliamentary move to raise retirement age in state institutions to 63 years
» Through leaks.. Warnings against creating political crises as parliamentary elections approach
» Iraqi oil returns to decline in global markets
» Parliamentary Committee: Iraq uses its international relations to avert the dangers of war from its
» The value of non-oil imports for Sulaymaniyah and Halabja governorates during a week
» Rafidain: Continuous expansion in implementing the comprehensive banking system