Committee on Economics and Investment announces its reservation for any action that would delay ratification of the customs tariff

Tuesday, July 17, 2012 18:41

Baghdad {: News} Euphrates Chairman of Committee for the economy and investment parliamentary Ahmed Alwani that the application of customs tariff law will have positive returns reflected the economic reality of Iraq.
He said al-Alwani in a press statement received by the agency {Euphrates News} a copy of it today that "activation code customs tariff correctly reflect the reality of the Iraqi economy through higher continued good treasury the federal public on the one hand on the other hand will help to direct the state to pay attention to the governorates of non-oil and development" .
He added, "Otherwise, we declare our reservation on any action that would delay implementation of the law above because of its very damaging to the economic reality and to the general budget by spending a lot of returns of Finance not to mention that such a procedure serves a particular class controls the Iraqi market by keeping doors wide open market for each of the bear. "
Alwani and called on all parties concerned the subject of legislative and executive branches to "take a serious stand to enforce the law as it otherwise it will lead to economic disaster not praise Akbaha addition to the overwhelming chaos of the market."
The government spokesman Ali al-Dabbagh said on 26 / last June that "the Council of Ministers approved a bill to postpone the application of customs tariff law upon the fulfillment of the conditions of its application a statement issued by the Council of Ministers."
The decision is controversial because some people felt that the protection of the goods for the Iraqi people inside as well as he would protect Iraq's industry, while others see the opposite in that its application will result in higher prices for most materials significantly.
Iraq relies on imports to cover a large Iraqi market for all goods and materials.
It was scheduled to apply customs tariffs as of the first of next July.