Economic Committee says, Tariff law will be enacted beginning in 2014

Posted: December 26, 2013 in Iraqi Dinar/Politics

Economic parliamentary: the law will be applied tariff rate of 20% beginning in 2014

12/25/2013 12:58
Committee announced that the economy in the House of Representatives, Wednesday, that the law will be applied tariff rate of 20% beginning next year, noting that the law will exclude food.

Said committee member Rep. Nora Albjara for “tomorrow’s Press,” “The tariff law will be applied to initiate early next year, but will be applied to 20% from the beginning of 2014.”

She added that “the activation of this law would best benefit the country economically,” noting that “the law will exclude food only, as it would encourage the local industry to compete with imported materials.”

The Iraqi government has previously announced Amadaha to the application of the customs tariff law gradually according to a specific timetable, and stressed that the law will include some of the goods.

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