The Cabinet decided, on Tuesday, the imposition of an additional customs duty of 50% on some products imported from all countries and origins for a period of four years, as agreed to impose a customs duty of 20% of the value of the product polymer asphalt felt the importer.
Information Office of the Prime Minister said in a press statement, "The Council of Ministers, during its regular meeting held today (yesterday), headed by Haider al-Abadi, in order to protect the State Company for Textile Industries and leather product, approved the recommendations of the competent authority at the Ministry of Industry and Minerals, and the imposition of customs duty an additional 50% of the value of the product imported into Iraq from all countries and origins for a period of four years, in addition to the imposition of customs duty on all of Iraq's imports of the product from all origins. "
He said the office, that "for the purpose of protecting public company Extractive Industries product (Felt asphalt polymer) decided to impose additional duty of 20% of the value of felt asphalt product polymer imported with item (68,071,000) customs from all origins and for a period of four years," he continued, "as well as the imposition of customs duty on all imports from Iraq Felt product polymer asphalt and from all origins. "
And between the Office, that "the Council of Ministers approved an amendment to the Council of Ministers Resolution No. 17 of 2014 on the draft air transport agreement between the Government of the Republic of Iraq and the Governments of the Kingdom of Morocco and the Republic of Tunisia and the Republic of Sudan, Saudi Arabia and the Republic of Yemen, the United Arab Emirates, Qatar and the Republic of Azerbaijan and the Republic of Bulgaria and the Republic of Italy and the Republic of Latvia and the People's Republic of China. "
He pointed out that "The Council also agreed to authorize the Chairman of the National Investment Agency to sign the UN Convention on Transparency in arbitration treaty-based investor-State expires, according to the provisions of Article (80 / item VI) of the Constitution."