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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

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    The Ministerial Council for Economy decides to grant local goods a 20% price advantage to compete wi

    Rocky
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    The Ministerial Council for Economy decides to grant local goods a 20% price advantage to compete wi Empty The Ministerial Council for Economy decides to grant local goods a 20% price advantage to compete wi

    Post by Rocky Tue 16 Jul 2024, 5:21 am

    The Ministerial Council for Economy decides to grant local goods a 20% price advantage to compete with imported goods

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    Economy News - Baghdad
    The Ministerial Council for Economy decided to submit a recommendation to the Cabinet to reinstate the 20% preferential price advantage for local products, to help them compete with imported goods.
    The Ministry of Foreign Affairs said in a statement received by "Baghdad Today", that "Deputy Prime Minister, Minister of Foreign Affairs and Chairman of the Ministerial Council for the Economy, Fuad Hussein, chaired the twenty-first regular session of the Ministerial Council for the Economy on Monday, July 15, 2024, in the presence of the Deputy Prime Minister, Minister of Planning, the Ministers of Finance, Agriculture, Trade, Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Chairman of the National Investment Commission, the Chairman of the Securities Commission, the Undersecretary of the Ministry of Oil, and the Prime Minister's Advisor for Legal Affairs."
    She added that "the Council discussed the items on its agenda and took appropriate decisions. The Council agreed to cancel the decision to withdraw the work and grant the company implementing the Al-Hussainiya concrete bridge construction project in Wasit Governorate a full suspension period until the governorate removes the conflicts."
    She pointed out that "the Council recommended to the Cabinet to approve the resumption of the principle of granting national products a preferential price advantage over their imported counterparts, in order to encourage entities to cover their needs from local production, at no less than 20% of the imported price."
    According to the Foreign Ministry statement, the Council also approved increasing the total cost of the project to address the bottlenecks in the electrical system in the northern region. The Council also approved canceling the decisions to withdraw work on two contracts to supply specialized equipment for an asphalt plant and its accessories for the Muthanna Municipality and the Rumaitha Municipality.
     


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