Morning News Comments 04/28/2015 Tariffs and WTO
Council Basra: the issuance of orders to wait in the application of the decision of customs tariff border outlets for the Southern District
[tlm724] "the local government legislative and executive, both will hold a meeting this afternoon, to take a final decision on the new customs tariff law,
[tlm724] that" a number of suppliers of goods protested and refused to apply the law as it imperative for them to pay big money than twice previously paid.
[tlm724] oh they gotta get over it
[tlm724] noting that "if insisted the Ministry of Finance to apply they will have to raise commodity prices in the markets, or to resort to import through the Kurdistan region
[tlm724] "in the event of the application of the new law on all of Iraq's provinces, including Kurdistan, should be an exception materials food, construction and agriculture of it being a basic material for the citizen and pose a significant burden on the citizens.
[tlm724] yeah well he has no say on that !
[tlm724] tariffs are going to be imposed whether they like it or not !
Parliamentary Finance: customs tariff will apply "despite objections"
[tlm724] Parliamentary Finance: customs tariff will apply "despite objections" *wolfwhistle*
[tlm724] that the reactivation of the customs tariff law will be applied "in spite of the objections," stressing that the Iraqi economy will not rise, but the existence of the tax system,
[tlm724] tax system will help save them from their finicial hardship
[tlm724] that "the right of the State taking the proportion of the funds at the entry of goods into the country.
[tlm724] *hallelujah* lets do this thing !
[tlm724] "the customs tariff law applies to everyone without discrimination
[tlm724] hail yes !
[tlm724] The Yasiri that "the customs tariff is part of the negotiation of the WTO entry wto requirements," pointing out that "the lack of central government control over the border crossings will lead to increase in administrative corruption and utilization corrupt. "
[tlm724] hello beautiful ! "the customs tariff is part of the negotiation of the WTO entry wto requirements,"
[tlm724] He noted that "the situation of the Iraqi citizen does not qualify for the application of the customs tariff because it would lead to increased prices and will be adding new costs to the consumer."
[tlm724] oh well one way to fix that is to increase the purchasing power !
Parliamentary Finance: Central Bank has processors to maintain the exchange rate of the dollar
[tlm724] finance committee confirmed that the Central Bank of Iraq is the party responsible for the exchange rate of the dollar against the Iraqi dinar and maintain it
[tlm724] Iraqi market has seen a rise in the dollar's exchange rate against the dinar reached in some cases to 1235 dinars to the dollar
[tlm724] the highest rate of the exchange rate during the past two years
[tlm724] It is expected to offset the rise in the dollar exchange rate decrease in the volume of trading in the stock market.
[tlm724] yep puts a hurt on everything, corrective action is required so chop chop
Hakim stresses the need for the adoption of important laws to the principle of One basket
[tlm724] al-Hakim, Tuesday, the House of Representatives to exercise the legislative role and move forward legislation broken laws, stressing the need to take the principle of basketball the one in the adoption of important laws in the parliament
[tlm724] *hallelujah* tell em Hakim ! One big basket !
Private banks without money .. and the government established a looming Insurance Company and guarantee deposits
[tlm724] the government indicated its intention to raise the establishment of an insurance company law and to ensure the financial deposits
[tlm724] citizens complained to the agency / JD / could not be those banks providing funds deposited and give them time to be able to manage the bank Toviha especially difficult, including currency
[tlm724] Saleh in a statement to the Agency / JD /: "The problem facing temporary banks, is not, as some think it's a losing but facing a crisis deposits and flow of liquidity and irregular
[tlm724] "We are working to establish a private insurance company and to ensure the financial deposits of citizens, and the formulation of a draft law in cooperation with everyone, including the civil and government banks and submit it to parliament for approval,"
[tlm724] a private insurance company and to ensure the financial deposit AND submit it to parliament for approval
[tlm724] that the company law will be strongly Banking Act of censorship hand and keep depositors' money and speed up in addressing any problem facing the banks and restore confidence quickly
[tlm724] The banks are working to recover a private high amounts of loans their money and then provide cash and address the imbalance and the granting of depositors amounts that request one at any time they want
[tlm724] lack of financial liquidity is contrary to the laws and requires the intervention of the Central Bank of Iraq,
[tlm724] now they are are in deep stuff, the people want to withdraw money and some of these banks don't have enough to hand out, Saleh is saying we got this, we have a law to protect the people's money and we have it ready and also the CBI is stepping in where needed to monitor these banks, how much urgency is needed to force them to get these laws done ?
[tlm724] just asking.... as I said yesterday we SHOULD see some action anytime now, that black list is looming over their heads
[tlm724] pledged to resolve the problem of late delivery of benefits to contractors and companies as soon as possible
[tlm724] Council of Ministers heard what raised the latter to meet her on the suffering of companies and contractors who accomplished works and various projects for the benefit of the public sector, because they did not get the financial dues of government agencies, because of the financial hardship experienced by some ministries and state institutions
[tlm724] talk about the pressure building !
[tlm724] this case included a large number of Iraqi businessmen and reflected negatively on their work, resulting in tribal and legal problems negatively affected the reputation of the state
[tlm724] Iran: Iraq is ready now to import gas revealed the National Iranian Gas Company, on Monday, for lack of readiness of Iraq to import gas from Iran, as she noted that in the standby state, therefore, exports will start at the end of next May, he explained that his country will export five million cubic meters per day.
[tlm724] gas exports will start at the end of next May, he explained that his country will export five million cubic meters per day.
[tlm724] that will for sure help !!!
[tlm724] Calls for the repeal of Article 28 of the Banking Act called on private banks association to issue new legislation enhance its role in the domestic industry
[tlm724] proposing a strategy for the promotion of the private industrial sector and enable it to secure at least 10 percent of domestic production total.
[tlm724] The private banks can support the private industrial sector through lending, although affected by the general situation in the country and reduced their deposits", noting that "the private banks It lent money to many small and medium enterprises that do not exceed the value of 250 million dinars.
[tlm724] the private banks can do this with the support from the CBI as we just read from Saleh
[tlm724] he said " We are working to establish a private insurance company" and deposit insurance will facilitate more money in the banks. It will give the banks capital to make loans, its a process, steps to lead to a sound banking system
[tlm724] Opening for the sale of cement center east of Baghdad: the price per ton 95 thousand dinars opened the General Company for Cement of the Ministry of Industry, marketing center with a capacity of five thousand tons east of Baghdad to sell cement product of Kirkuk, plant, and as pointed out that the price per ton 95 thousand dinars, promised this price b "competitive."
[tlm724] now producing their own cement will have a big impact too, all this infrastructure going up needs cement, keeps the money in country and they will reach the point where they export that too ! This how you build a free market ...