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Commodity dumping destroys the economy and undermines production
20/12/2016 0:00
[rtl]BAGHDAD / Shokran Fatlawi
represents commodity dumping one of the main reasons for the deterioration of the global economies , so economists and those interested in the voices come to reduce this phenomenon , which is now carrying significant impacts in the reality of domestic production in Iraq.
Interested in economic affairs Majid Prince called to the importance of activating the laws that have already begun and foremost Product Protection Act, the Consumer Protection Act, noting the importance of reviewing the subject companies viewfinder practiced goods screening process outside the country and the importance that they are consistent with the laws and customs contexts standard, to ensure the entry of better quality commodities , especially those relating to human consumption.
Customs duties
and added the prince in his speech for the "morning" that the Customs Act did not do a way that ensures the best means of obtaining the tariffs in a gesture of it to reduce the dumping of commodity.
And that the state institutions have worked in the past decade to adopt an open - door policy, import policy lacks programming in a manner not accustomed to the Iraqi market Sabquao which flooded the Iraqi economy in a range of negative phenomena , according to Prince.
Business environment
and he pointed out that the emergence of a commercial pattern of consumer lousy origin Lovers phenomenon of dumping commodity and toppled economic and community equations, indicating that this phenomenon has created local business environment completely connected with the regional system was keen to recycle surplus Iraqi capital through hard currency export outside Iraq in return for its import the largest of the domestic market need for goods described in advance amounts.
Shareholder biggest
promise of the inflation of oil revenues after the change in 2003 , and growth and monetary quotient of the process of rising global Asaralinvt at the time the largest Contributor to in this import activity, as well as relying on auctions selling the dollar are responsible for the phenomenon of dumping commodity and supportive to him as a result of the enormous amount of hard currency Departure abroad without returning to the Iraqi economy in any developmental returns.
Development programs
and stressed the need to adopt a scientific vision of economic transformation of the Iraqi economy from a consumer non - profitable and non - product, the activity is based on the development programs represents an opportunity for a real production away from consumerism based on weak technical contexts
for import.[/rtl]
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