Economy and Investment parliamentary calls for the activation of the customs tariff and reduce the waste of hard currency

[yota691]

Economy and Investment parliamentary calls for the activation of the customs tariff and reduce the waste of hard currency

December 17, 2015

 

 

 

 

Our economy / Baghdad

He stressed the economic and investment commission member of the parliamentary Almamori proof, on the necessity of activating the law of customs tariff, and reducing the waste of hard currency through import.

Said Mamouri, said in a statement the agency of our economy news received a copy of "falling world oil prices, the detection of the wrong policies that were followed by previous governments to rely on the export of oil to support the general budget, and not to use the surplus funds in the formation of a production base, whether industrial or agricultural ". 
He added that" the decline in oil prices led to a large deficit in the financing of the general budget, whether operating the mother of the investment, that causes us to immediately start finding alternatives and relying on Iraqi products service of goods, as well as Iraqi factories of cement, iron, steel and reduce import by activating laws customs tariff and the protection of the local product, which reduces the waste in hard currency, which drains in the importation of products manufactured locally. 
"He noted the parliamentary economics member to" The committee worked through a whole year and great effort and was able to achieve the rate of investment, which included significant concessions to activate this important sector and this law privileges included industrial and agricultural sector and the production of consumer goods. 
"He called Almamori government to" Send a private investment law in refining crude oil for adoption Iraq is lost annually billions of dollars in import of oil derivatives, taking into consideration that the establishment of oil refineries to achieve significant revenue for the state as well to stop the import of oil derivatives. 
"He called on the government to" reconsider its oil licensing rounds and that the bulk of the benefits of the oil customs go to manufacturers because of the high cost of a barrel produced by these companies with low oil prices, which makes the interest derived from the oil sector slim too, so you must reconsider these contracts in order to achieve the benefit of the Iraqi state. "

 

[captl1]

Thanks Yota and good morning!

[blueskyline]

Thank You .

[sandfly]

THANKS

[SgtFuryUSCZ]

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[tigergorzow]

Yota Thanks, DV, Please pay close attention because the Customs and Tariffs Law implementation is coming "Suddenly". Almost every article and the GOI, Parliament, Committee members and Economist, etc are calling for the activation of this Law. I'm certain external agencies like IMF, WB have stated other revenue options to include taxes must be included in 2016 Budget. Now we see additional loans from WB all of a sudden being made for distribution by the end of the year.

[Candy01]

FABULOUS news!!  Thanks MUCH Yota!

 

:bravo:

[Laid Back]

Yota Thanks, DV, Please pay close attention because the Customs and Tariffs Law implementation is coming "Suddenly". Almost every article and the GOI, Parliament, Committee members and Economist, etc are calling for the activation of this Law. I'm certain external agencies like IMF, WB have stated other revenue options to include taxes must be included in 2016 Budget. Now we see additional loans from WB all of a sudden being made for distribution by the end of the year.

Agreed.!!

Also a lot of pressure from the government to stop the daily auctions.!

2016 will be a great year.!

[calkid11]

Thank you Yota

[trident]

Yota Thanks, DV, Please pay close attention because the Customs and Tariffs Law implementation is coming "Suddenly". Almost every article and the GOI, Parliament, Committee members and Economist, etc are calling for the activation of this Law. I'm certain external agencies like IMF, WB have stated other revenue options to include taxes must be included in 2016 Budget. Now we see additional loans from WB all of a sudden being made for distribution by the end of the year.

Not only a 1.2 billion dollar loan from the WB but also a whopping 15.4 billion dollars, six month loan from China.

[BJinMontreal]

6 month loan from China ... ahhh, the things that make one go .... Hmmmm

Thanks Yoga for your continuing interest in keeping us DV members up to speed with the situation in Iraq business, politics and the country as well.

[ChuckFinley]

Yota Thanks, DV, Please pay close attention because the Customs and Tariffs Law implementation is coming "Suddenly". Almost every article and the GOI, Parliament, Committee members and Economist, etc are calling for the activation of this Law. I'm certain external agencies like IMF, WB have stated other revenue options to include taxes must be included in 2016 Budget. Now we see additional loans from WB all of a sudden being made for distribution by the end of the year.

I am liking this too. I would feel better if the dinar was at least 1 to 1 and they would de-dollarize.

[zzztop]

Oh, someone is "calling for" it again?  I'm sure they'll get right on it.

[Candy01]

Me TOO Chuck Finley!  At LEAST a BUCK!