Specialists: Iraq imports worth 75 billion dollars a year despite financial crisis
Specialists: Iraq imports worth 75 billion dollars a year despite the financial crisis
10/21/2015 0 Comments
The head of the government's economic affairs adviser, said on Tuesday that Iraq imports worth $ 75 billion a year, many of them "worthless" what constitutes a drain on funds, calling for a focus on useful things that meet people's needs and raw materials to encourage industry and domestic production, while calling Federation of Chambers of Commerce to support local product activation procedures and quality control at border crossing points to rationalize the import. He said the appearance of Mohammed Saleh, said in an interview to the (long-Presse), said that "Iraq imported goods are worthless requires a serious stand for the feminine that and focus on useful things that meet people's needs and raw materials to encourage industry and local production," adding that "imports government sectors private and $ 75 billion of what constitutes a drain of funds despite the financial hardship that require everyone, led by the private sector, cooperation and support for the national economy as a collective responsibility. "
Meanwhile, a member of the Union of Chambers of Commerce, Mohammed Fahd al-Jubouri, said in an interview to the (long-Presse), "The imports during the current year 2015, constitute a drain on foreign currency and harm the local product," calling on the concerned authorities, including the ministries of trade, planning and industry, to "find ways to reduce the food import, which is a burden on the state and compete with the domestic product estimated reflected negatively on the country's economy. "
He called al-Jubouri, the need to "local product support, especially in light of lower oil prices, as well as activating the procedures of quality control at border crossing points to rationalize the import."
It is noteworthy that Iraq is suffering a severe financial crisis due to the decline in world oil prices, and the war being waged against (Daash), note that the Iraqi economy depends almost entirely on the estimated oil revenues.