The Ministerial Council issues decisions related to product protection, corn sales and electronic payment
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Economy News - Baghdad
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Added 2024/08/19 - 9:22 PM
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Ministerial Council for Economy
Ministerial Council for Economy
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Economy News - Baghdad
The Ministerial Council for Economy issued, on Monday, a number of decisions related to protecting local products, selling corn, and electronic payment.
The media office of the council said in a statement seen by "Al-Eqtisad News" that "Deputy Prime Minister, Minister of Foreign Affairs, Chairman of the Ministerial Council for the Economy, Fuad Hussein, chaired the twenty-fifth session of the Ministerial Council for the Economy, which was held at the headquarters of the Ministry of Agriculture in Baghdad, in the presence of the Deputy Prime Minister, Minister of Planning, Ministers of Finance, Agriculture, Trade, Labor, Social Affairs and Industry, the Governor of the Central Bank, the Undersecretary of the Ministry of Oil, and the Prime Minister's Advisors for Economic and Legal Affairs."
The statement added that "the council discussed the items on its agenda and took the necessary decisions regarding them, as the council decided that the Ministry of Agriculture would sell the remaining quantity in the warehouses of the Iraqi Seed Production Company and Mesopotamia Company of yellow fodder corn to licensed and unlicensed feed factories and breeders at a price of 375,000 Iraqi dinars per ton."
He continued, "The council approved the minutes of the first session of the Diwani Order Committee for implementing the import policy and executive procedures and preparing a list of goods prohibited from being imported to protect the local product and drafting the preparation of controls for granting import licenses, taking into account the observations of the Secretariat of the Ministerial Council for the Economy."
The statement continued, "The Council approved the inclusion of the Abbas Ibn Firnas garage development project at the entrance to Baghdad International Airport and its rehabilitation in a decent and civilized manner for the benefit of the Ministry of Transport. It also decided that the minimum cash proceeds through the electronic point of sale (POS) system by insurance companies, brokerage companies and other insurance service providers should be no less than 10% of their total proceeds, with all concerned sectoral bodies obligated to implement the Cabinet's decision in this regard by submitting the minimum of their proceeds as well as mechanisms for gradually raising the proposed percentage and with a specific timetable."
The statement added that "the council discussed the items on its agenda and took the necessary decisions regarding them, as the council decided that the Ministry of Agriculture would sell the remaining quantity in the warehouses of the Iraqi Seed Production Company and Mesopotamia Company of yellow fodder corn to licensed and unlicensed feed factories and breeders at a price of 375,000 Iraqi dinars per ton."
He continued, "The council approved the minutes of the first session of the Diwani Order Committee for implementing the import policy and executive procedures and preparing a list of goods prohibited from being imported to protect the local product and drafting the preparation of controls for granting import licenses, taking into account the observations of the Secretariat of the Ministerial Council for the Economy."
The statement continued, "The Council approved the inclusion of the Abbas Ibn Firnas garage development project at the entrance to Baghdad International Airport and its rehabilitation in a decent and civilized manner for the benefit of the Ministry of Transport. It also decided that the minimum cash proceeds through the electronic point of sale (POS) system by insurance companies, brokerage companies and other insurance service providers should be no less than 10% of their total proceeds, with all concerned sectoral bodies obligated to implement the Cabinet's decision in this regard by submitting the minimum of their proceeds as well as mechanisms for gradually raising the proposed percentage and with a specific timetable."
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