[tlm724] Law on the Protection of Iraqi products No. 11 for the year 2010 (Revised) ~ AMENDED
[tlm724] http://www.bondladyscorn ··· d#131097
[tlm724] I highlighted the most important parts but in a nutshell they are imposing fines for dumping ! taking control of imports and increasing exports ! Getting the tariffs applied too !
[tlm724] In economics, "dumping" is a kind of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price either below the price charged in its home market or below its cost of production.
[tlm724] all needed and getting closer everyday to WTO
[tlm724] I'll run the highlights here now
[tlm724] Amendments/ Revision posted 20 May 2014 Law on the Protection of Iraqi products No. 11 for the year 2010 (Revised)
[tlm724] This article was amended under the First Amendment of the Law No. (10) for the year 2014
First, coordination and cooperation between ministries and relevant agencies and their counterparts in other countries and international organizations regarding the development of technical staffs and the exchange of experiences and gather the necessary information and investigation about the conduct of communications Almqtadhah and taking action to implement the provisions of this law.
[tlm724] other countries and international organizations Wink
Second, make decisions on urgent action and make recommendations to address the damage caused by harmful practices domestic producers to the relevant authorities.
[tlm724] thats ^^^ dumping
First - Minister shall issue upon the recommendation of the department decision to take urgent action against the imported product under investigation if it finds the decision of the first circle of the presence of harmful practices as follows:
[tlm724] E compel suppliers of imported product that submit to the minister pledge provided for in Article (Cool of the Act. And - apply the General Authority for Customs and in coordination with the department to impose urgent measures set forth in this article from the date of its announcement in two daily newspapers.
The Council of Ministers on the recommendation of the Minister of Industry and Minerals as it deems necessary to take preventive measures to counter the harmful practices as a result of an increase in imports is justified as follows:
[tlm724] First - quotas that may be imported quantity of the imported product.
Secondly - the imposition of a tariff on imported product Kmarkip or increase the customs tariff applied to it or cancel or reduce applied tariff on imported material intervention in the production of the like product.
[campdav] MEMO to the WTO: Pay attention to Timmys breakdown, she has made your job easier
[tlm724] thats the good part there and the next one's
Fourthly - any action to help local producers to adapt to imported products, provided they do not conflict with the public interest and the obligations of the Republic of Iraq in accordance with relevant international conventions.
[tlm724] the obligations of the Republic of Iraq in accordance with relevant international conventions.
Article 15 First - take into account in the final measures to be enough to avoid the damage or remove it and what can be adapted to local producers with their imported products and guarantees the protection of the interests of the Republic of Iraq.
[tlm724] guarantees the protection of the interests of the Republic of Iraq.
[tlm724] Chapter VI Measures
First, the anti-dumping measures: a fee equal to the dumping margin of dumping if the export price of the imported product to the Republic of Iraq less than its normal value. Secondly countervailing measures: the imposition of countervailing customs fees according to the law equivalent to the support given to the product imported to the Republic of Iraq.
[tlm724] in other words the can fine the importers which ever is higher, let me show you
Secondly - Without prejudice to any severer penalty Whoever violates the provisions of item (i) of this Article, a fine of not less than (10000000) ten million dinars and not more than (20000000) twenty million dinars.
[tlm724] that may get some attention, I don't think they have been fining the violators til now
[campdav] Very interesting their structured fines
[tlm724] again "dumping" is a kind of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price either below the price charged in its home market or below its cost of production.
[campdav] Beware you hooligans
[tlm724] campdav right makes you think doesn't it
[campdav] tlm724 ****right no mo dumping