Tariff creates a local industrial base
[tlm724] Committee on Economic Affairs of the Council of Ministers has taken many important decisions to address the challenges of the advancement of the reality service
[tlm724] in order to boost the economy
[tlm724] where the Commission has decided to cover all imported goods and materials Product
[tlm724] I can't begin to tell how important this is
[tlm724] of the Iraqi public and mixed and private companies
[tlm724] so they started slowly as we know last year with some of the taxes but this most recent move says "this resolution will contribute to the reduction of the structural distortion in the national economy and providing material base of industrial services."
[tlm724] industrial base means just that, industry to produce local products, creating jobs for the citizens, factories, and reducing imports and will with time allow them to actually export the products they will make
[tlm724] the tariffs of course will bring in a lot of revenue also
[tlm724] it is just one step in reducing their dependency on just oil to run the state
[tlm724] that the inclusion of imported goods and products tariff would lead to increased prices in the domestic market is what gives the opportunity for local product to emerge on the market square
[tlm724] gives the opportunity for local product to emerge on the market square
[tlm724] was the most prominent justifications issued put tariffs in line with the reform of the Iraqi economy,
[tlm724] this decision a "golden opportunity" to make available state to activate the role of the Iraqi industry and to achieve profits for both sides (of the country and factory)
[tlm724] to achieve profits for both sides (of the country and factory)
[tlm724] win win
[tlm724] he state tries to reduce the rentier economy and reduce dependence on foreign imports
[tlm724] just what I explained , move to a free market economy as well
[tlm724] The Iraq plans to join the organization global trade and this joining is required country to deal flexibly with the external economy
[tlm724] that is the WTO !!!!!!!!!!!!!!!!!
[tlm724] and this joining is required country to deal flexibly with the external economy
[tlm724] the tariff law takes into account the provisions of facilities granted under the Investment Law No. 13 of 2006, as amended on imported goods exclusively for the purposes of investment projects, so come in order to attract the maximum amount of investment companies and businessmen to work in Iraq
[tlm724] this application of tariffs on all imoprts is directly linked to the Investment Law and we know that they have that law before for them and are amending it, makes sense now to me why the Investment Law was on the top of the pile of laws. They are all interconnected !
[rsp1] yeppers pieces of the puzzle
[tlm724] this article has been published throughout all the news sites for several days and I take it as a sure sign that Iraq is ready to launch economically , they are letting everyone know
Basra exhibition attracts oil investment companies
[tlm724] 252 solid global company specializing in the investment domain oil. participated in the exhibition
[tlm724] which will conclude its work tomorrow, this year 31 countries
[rsp1] really....that's a lot
[tlm724] which is a major Iraqi success, I'd say
[shunshine] yes it is.
[tlm724] of great interest by discreet international companies that aspire to work in Iraq as the last attractive environment to invest in multiple fields of energy.
[tlm724] *hallelujah* rock it baby !
[tlm724] He pointed out that these exhibitions is "a quantum leap" accelerate the progress of the national economy and be a hub prominent to attract global companies to invest in oil in the country
[tlm724] "a quantum leap" should be Iraq's new slogan
[tlm724] the re-division of roles between the government and the private sector to come,
[tlm724] which requires significant measures, including a review of laws and regulations that govern the work so as to ensure the provision of encouraging investment climate
[tlm724] as BondLady has told us more times than I can count they have to have the laws in place to protect their wealth and all these sectors are part of their wealth !
[tlm724] that art ^^^ lays out the plan to achieve the reform and many of these things are happening right now !