Salam Al-Maliki: we're giving the Government five years to implement the customs tariff
Tgirl: 07-07-2013 Baghdad (newsletter).Member of the Committee said economic and investment representative Abdel Salam Al-Maliki that his Government granted a specific time limit of five years for the introduction of the law on customs tariff after the Committee was briefed on the law and submitted to the Government for some recommendations.
He said the State law in a statement to media library: ' what compels us to delay the work of the customs tariff is 5 outlets are not under the control of the Federal Government being a Kurdistan ', calling on the Government to put these ports under the control of the Federal Government to control so there is no contradiction or conflict in the work ports.
Read More Link On Right
He added: "the Government is involved in the development of solutions to be implemented at the border crossings under its control or outside, indicating that the members of the Committee agreed to lift a set of recommendations to resolve it so that there is no variation or duplication in the work of ports as it is very necessary to unite all the 13 outlets located throughout Iraq in terms of goods entry procedures streamlined and accountable for access controls and taxation so burdened with the merchant in the province Without the other.
View Al-Maliki: this requires the Government to study the situation and adopt the Committee's recommendations and to develop a programme and a plan to resolve the issue with the territory until all ports under the control of the Federal Government and the territory is committed to help the Centre develop controls and conditions on imported materials, stressing the need to focus on the importance of the work of the border through which all materials and goods to the country.
He noted: the bad goods is unacceptable and that the policy of flooding the market trader and the citizen and the economy of the country, as well as that there are goods bearing nuclear radiation cannot enter chaabi materials cannot be imported, pointing to the importance of focusing on the certificate of origin on goods entering, indicating that control the entry of goods is subject to Federal Government control and commands are BA facing the Government of the territory to help CentreCalled on to weigh the interests of citizens and the country that require these ports to control the gateway open however, uncontrolled greedy/finished/LM/ LINK
I report...you decide.
Carrello: They just passed the Standards law. What's the problem? Oh, he said it in the second to last word: greedy.
Punisher: 5 years!!! :
Tlar: Maliki probably put together a commission to study how to continually delay the tariffs. This is another lame excuse Maliki has used to stall this as he has for the last three years.
First he said we are not ready because we don't have the equipment. Next it was we don't have the training or the people. He had to come up with something different that would long term stall this because they bought the equipment and training is a pore excuse not to get it going.
Even if some mistakes are made its better than what they have now. Customs can earn 5 billion for the government when operational in its first year. Some receipts are better than none and stopping some shoddy goods entering Iraq is also better than not at all.
By saying that the customs entry points in Kurdistan need to come under Bagdad control he has effectively found a way to put this into the arena of negotiation with Kurdistan. We know how long that can take.
Iran is Iraq's largest trading partner. Last year, 2012, Iran exported an estimated 12 billion worth of trade into Iraq. It is estimated that this will increase to 16 billion in 2013.
It means a great deal to Iran since so much of what was their trade with the world has been is now stifled by the sanctions. This year Iran increased there petroleum exports to Iraq which will account for a lot of the increase. Cement is a major product as well as food stuffs.
Like China, Iran is dumping shoddy goods into Iraq and if there were a true custom entry with tariffs, a lot of Iranian products would never be allowed in. Maliki knows that tariffs are punitive mostly to Iran (his fatherland) and continues to find ways to stall or stop them from being implemented as he has done before with the currency.
Quite simply, Iran depends on dumping these shoddy products into Iraq for its lively hood
I don't think we will see the tariffs for quite a while which may work to our advantage.
Remember Iraq only has three tools to control inflation and to support the currency.
The auctions, the tariffs and taxes and the exchange rate. By removing the tariffs as one of the tools they will have to depend on the other two more heavily. With the push to raise the value that we are seeing in the articles in the last few days, the pressure is mounting.
Tariffs are important to Iraq but it stands to have a positive effect on the currency, if they do not implement them. We know that they cannot implement the tariffs without the currency or it will be prohibitively inflationary.
They can however raise the value of the currency without the tariffs.
If this is done the market will determine long term what products Iraqi's will buy. With a currency more companies with better products will start to come in. The people will end up with choice and my bet is that the spoiled apples will sit on the shelf as the good apples will fly out of the containers.
A free market economy is just that. The freedom to choose. Iraqi's have not had much choice up until now but if they raise the value of the currency, Katy bar the door. Vendors will flock to get these dinars like Shiite on the morning doo.
C36: Like tlar said: Iraq: Iran’s Economic Gateway To the World Posted on 02 July 2013. Tags: Iran, Trade Promotion Organization of Iran (TPOI)
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.
The Trade Promotion Organization of Iran (TPOI) said on Monday, June 24, 2013, that 72% of Iran’s exports go to Iraq, and revealed that Iraq’s imported goods from Iran increased by nearly 15% this year.
The Iranian Fars News Agency quoted TPOI deputy Kiumars Fathallah Kermanshahi as saying that “Iraq receives 72% of the total volume of Iran’s foreign trade, and is ranked first as the biggest importer of Iranian goods.”
For years, the UN and Western countries have imposed a series of sanctions against Iran, which is accused of seeking to develop nuclear weapons, under cover of an alleged civil program. Yet, Tehran denies these accusations.
In the most recent round of sanctions against Tehran, US media quoted on Wednesday, June 26, White House spokesman Jay Carney as saying that US President Barack Obama gave the green light to the imposition of sanctions on foreign institutions that purchase or sell significant amounts in Iranian rials, and those who hold amounts in rials in bank accounts outside Iran.
The Iranian rial fell to its lowest level because of international sanctions. The new set of US sanctions included Iran’s automotive manufacturing sector. Iraq is the largest external market for Iranian cars.
Iraqi political analyst Ihsan al-Shammari said, “Iran is convinced that Iraq is currently its only economic lung, and it is normal that Iraq receives the majority of Iranian exports.”
"The old dreams were good dreams; they didn't work out but I'm glad I had them." -Robert Kincaid
Tlar: Thanks C36. That's what I was saying.