Iraq demands car makers to open local branches by 2012

[k98nights]

Iraq demands car makers to open local branches by 2012

12/06/2011 16:58

Erbil, June 12 (AKnews) – Car companies must open branches by 2012 if they want to sell cars in Iraq, the Trade Ministry announced today.

Currently, cars are imported through agents in neighboring Gulf States. These intermediate imports will be prohibited by the end of the year.

With the new law, the government tries to reduce car prices, a spokesman for the ministry said.

Japanese car maker Toyota was notified today that it has six to seven months to comply with the new regulation. Similar messages will be sent the other companies who sell cars in Iraq.

The companies will also be called on to open repair shops

There are no exact numbers of how many cars are there in Iraq. In the Kurdistan Region alone, the government estimated around 850,000 cars in 2010.

By Fryad Mohammed

LH/Cu/AKnews

http://www.aknews.com/en/aknews/2/246124/

[HYDRANT]

I SAY SELL BIKES-----THEY KEEP BLOWING UP THE CARS DAILY

[eatmoney]

they are moving up in the world...now if they just stop acting like cavmen they might just have something going for them lol

[Luigi1]

Iraqis are about to see cash flow throughout their economy. They will become world class consummers of imports from around the globe. The 1st corporations in on the ground floor will have the advantage to reap the rewards.

[abby01]

I agree with Luigi ...but Hydrant...so funny...and a good idea...harder to hide bike bombs maybe...oh probably not...they use underware also...

But it is interesting on the timing of the demand for manufacturing of the autos incountry.

Edited June 13, 2011 by abby01

[Don & Rocio]

I SAY SELL BIKES-----THEY KEEP BLOWING UP THE CARS DAILY

+1...Harley Davidson of Baghdad. That would be quite the site...

[Mongo]

they are moving up in the world...now if they just stop acting like cavmen they might just have something going for them lol

what's wrong with cavemen? Yes we are set in our ways, but who are you to judge us. I think your racist ........................................