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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


    A significant decline in Iranian steel exports to Iraq.. An official reveals the reason

    Rocky
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    A significant decline in Iranian steel exports to Iraq.. An official reveals the reason Empty A significant decline in Iranian steel exports to Iraq.. An official reveals the reason

    Post by Rocky Sun 16 Jun 2024, 3:48 pm

    [size=35][size=35]A significant decline in Iranian steel exports to Iraq.. An official reveals the reason[/size]
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    Economy

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    2024-06-16 | 10:41
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    Al-Sumaria News - Economy

    The Secretary-General of the Iranian-Iraqi Joint Chamber of Commerce said that Iraq, in order to support local production, prohibits the import of goods that it believes have reached the point of self-sufficiency in production, and imposes fees on other goods, which greatly affects the trade of the two countries.


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    Jahan Bakhsh Sanjabi Shirazi spoke to the ILNA Labor Agency about the factors that negatively affect trade exchange between...[You must be registered and logged in to see this link.]And[You must be registered and logged in to see this link.]:[You must be registered and logged in to see this link.]Like any other independent government, it monitors its economic environment and attempts to establish the greatest added value in the macro and micro economy through the control of the central government's authority over the country's markets.



    He added: It follows[You must be registered and logged in to see this link.]The policy of joining the World Trade Organization. Therefore, adopting such a policy will affect part of the policies to support local production by increasing customs tariffs on imports, and the policy of increasing customs tariffs on imports will not be useful in the future.

    The Secretary-General explained[url=https://www.alsumaria.tv/entity/1722931926/%D8%BA%D8%B1%D9%81%D8%A9 %D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D8%A5%D9%8A%D8%B1%D8%A7%D9%86%D9%8A%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D8%A9 %D8%A7%D9%84%D9%85%D8%B4%D8%AA%D8%B1%D9%83%D8%A9/ar/]Joint Iranian-Iraqi Chamber of Commerce[/url]: get up[You must be registered and logged in to see this link.]With two orders to support local production. First, it bans the import of goods that it deems have reached the point of self-sufficiency in their production, which is most evident in perishable goods and agricultural materials, and every year, Iranian exporters face a seasonal ban. In addition to agricultural products, Iraqis are approaching the limits of self-sufficiency in drinks, sweets, biscuits, cakes, koloja, and detergents. It appears that packaged and manufactured food and beverage products will also be subject to anti-import policies, as well as cement, which has been lost.[You must be registered and logged in to see this link.]Its entire market is in this country.

    He added: This country also imposes customs tariffs on the import of a number of other goods, the latest example of which is the imposition of 20% customs duties on imports of rebar. Such policies indicate the foreign exchange and trade policies that affected trade with[You must be registered and logged in to see this link.]Since the end of last year, until now[You must be registered and logged in to see this link.]It will face a significant decline in exports of steel products, including rebar, and this will affect the export of other goods to[You must be registered and logged in to see this link.]The long-term.

    He said: The Secretary General of the Iranian Steel Manufacturers Association had revealed a 76 percent decline in exports of steel products produced in small Iranian steel units last year, and such a decline could affect the trade balance between...[You must be registered and logged in to see this link.]And[You must be registered and logged in to see this link.]By more than seven percent.

    Regarding status[You must be registered and logged in to see this link.]In the commercial market of Iraq, Sanjabi Shirazi said: It is considered[You must be registered and logged in to see this link.]The second major export destination for Iranian goods, but for Iraqis, it does not enjoy[You must be registered and logged in to see this link.]With such a status, Iran is Iraq's fourth trading partner. The UAE and China are ahead of...[You must be registered and logged in to see this link.]India and Saudi Arabia come behind[You must be registered and logged in to see this link.]. At the same time, a share cannot be compared[You must be registered and logged in to see this link.]In the Iraqi economy, the share of the UAE and China in the economy of this country.

    He pointed to the latest developments regarding banking transactions between...[You must be registered and logged in to see this link.]And[You must be registered and logged in to see this link.]In the transactions of Iranian merchants in the private sector, he said: Iranian banking transactions with[You must be registered and logged in to see this link.]Not banned. And it ran out[You must be registered and logged in to see this link.]Two sets of policies since the beginning of 2023. In the first step, this country set an official rate for the dollar of 1,320 dinars. Since most of the returns[You must be registered and logged in to see this link.]Of foreign exchange are dollar revenues, the Iraqi government stated that it would provide the dollar to everyone who needs it, but it excluded five countries from this decision:[You must be registered and logged in to see this link.]Syria, North Korea, Russia and Sudan.

    He added: There are solutions that do not have policies[url=https://www.alsumaria.tv/entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]Central Bank of Iraq[/url]Huge impact on trade[You must be registered and logged in to see this link.]And[You must be registered and logged in to see this link.]And on the volume of transactions between the two countries, which are the agreements on the agenda of the two countries’ central banks to use a new currency such as the riyal or the euro in financial transactions. Therefore, what the Iranians are going through today with regard to financial exchanges with the Iraqis is better than expectations.

    Explaining the latest conditions for transporting goods between the two countries, Sinjabi said: We are witnessing a significant growth in transport traffic on the northern border with...[You must be registered and logged in to see this link.]The common border with the Kurdistan region, especially the Tamershin border, but in the borders of Parvizkhan and Bashmak, a slight decrease was observed due to the regional policies of Iraq, but in general, the export of goods in the central and northern parts of[You must be registered and logged in to see this link.]It's growing.

    He continued: But stopping trucks for more than a day and a half at the zero border point increases trade costs significantly, especially since exports[You must be registered and logged in to see this link.]More than imports[You must be registered and logged in to see this link.]to[You must be registered and logged in to see this link.]As a result, Iraqi trucks heading towards...[You must be registered and logged in to see this link.]You do not have cargo to transport to our country, and this also increases the cost of trade. The problem is that the infrastructure is not fully ready for transportation, and the Iranians are forced to unload and load at the border points with[You must be registered and logged in to see this link.].

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