Parliamentary Finance: Iraq has signed trap economic policy

05.12.2015 at 12:30 (GMT Baghdad)

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He said the parliamentary finance committee member Ahmed Sarhan Sarhan, Saturday, that the failure of economic policy led to the absence of the domestic product in Iraq, while stressing the need to apply customs tariffs to supplement the Iraqi budget large amounts of money.

He said Sirhan's / scales News / "The absence of local product came because of economic policy failure in Iraq," stressing that "not to encourage national products and to support the factories and manufacturers in addition to import a lot of goods from outside Iraq led to Iraq over the current financial and economic crisis." .

He added, that "the state controls to protect the local product and encourage and prevent the import of industries that are produced locally, which generates the general budget of the country huge amounts of money can not be underestimated."
He stressed "the need to apply the customs tariff in accordance with the budget law for 2015 and 2016 to be the best way to supplement the Iraqi budget large amounts of money enables the State and the Iraqi people to take advantage of them and not rely on oil revenues."

He called on the state to "take measures to prevent the entry of foreign products to Iraq in order to encourage the local product."

The committee of economy and investment parliamentary member Ahmed Kanani confirmed, earlier, that the reason for delaying the passage of the local product protection law is the lack of Iraqi products, noting that the Law Committee will be presented in the case of the development of the agricultural and industrial sectors. It ended 29 quarters e