Latest topics
Samarrai: The decision of the Customs Authority will cause negative effects on the economy
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Samarrai: The decision of the Customs Authority will cause negative effects on the economy
http://economy-news.net/content.php?id=15783
Samarrai: The decision of the Customs Authority will cause negative effects on the economy
14/03/2019
Samarrai: The decision of the Customs Authority will cause negative effects on the economy
14/03/2019
Economy News - Baghdad
The head of the Party of Civil Path MP Muthanna al-Samarrai, on Thursday, surprised by the decision of the Customs Authority not to require the importer to certify the certificate of origin, considering that the decision "contrary" to the laws in force and will have "negative effects" on the Iraqi economy.
"We are surprised by the decision of the General Authority for Customs, which included in the book issued by not to require the importer to certify the certificates of origin and commercial invoices by commercial attaches to the detriment of the consumer," Samarrai said in a statement.
He added that "the decision of the Customs Authority is in flagrant violation of the Law on the ratification of Iraqi documents No. 52 of 1970 and Law No. 54 amended for the year 1971, and is contrary to the recommendations of the Ministerial Committee for Economic Affairs on the unification of customs duties at all border crossings and facilitate the smooth flow of goods in the provinces in a resolution of the Council Ministers No. 13 of 15/01/2019 ".
"This decision will have negative effects on the Iraqi economy, not the other way around, because it is limited to the certificate of origin or intermediary country without being audited and monitored by the Iraqi commercial attachés, which represent a safety valve for the entry of goods into the country. Black. "
Al-Samarrai wondered about the feasibility of such decisions, which will contribute to uncontrolled commercial chaos and may open loopholes that could be exploited by the introduction of prohibited or non-conforming Iraqi products to the country. "The real problem is the procedures at some border crossings, Traders ".
He called Samarrai General Authority of Customs, to "reverse its decision contrary to the laws in force and not to open loopholes by some corrupt employees and traders to import bad goods and origins is not honest."
claud39- Elite Member
- Posts : 18423
Join date : 2018-11-04
New customs system deals blow to Kurdistan’s luxury car imports
http://www.rudaw.net/mobile/english/business/15032019
People check out a Mercedes Benz at the Erbil Car Fair on March 7, 2019. Photo: Mohammed Shwani/Rudaw
ERBIL, Kurdistan Region – The unification of customs tariffs between Erbil and Baghdad has dealt a blow to the Kurdistan Region’s lucrative car import business, slapping an extra few hundred to few thousand dollars onto the price of vehicles.
Car imports into the Kurdistan Region top more than $1 billion annually. According to figures from the Kurdistan Regional Government (KRG)’s Ministry of Trade and Industry, automobile imports into Iraq totaled $7.5 billion over the past four years. The bulk of the vehicles entered the country through the Kurdistan Region’s borders, though the numbers have steadily declined over the past four years.
"More than 75 percent of vehicles imported by traders through the Kurdistan Region crossings have been sold to traders from Iraqi cities," Nawzad Adham, general manager of trade at the ministry, told Rudaw.
Most of the imports come through the Ibrahim Khalil border crossing with Turkey.
Lower prices drove a large number of car salesmen from central and southern Iraq to come to buy vehicles in the Kurdistan Region’s markets, making a nice profit for Kurdish businessmen.
"Last year, we sold 75 percent of our vehicles to Arab buyers," Khalis Aziz, head of the Kuwait Company for Trading Imported Vehicles in Erbil, told Rudaw.
The number dropped, however, after customs duties were unified.
After months of wrangling, Erbil and Baghdad finally reached a customs deal in mid-February.
The Kurdistan Region controls all of Iraq’s border with Turkey and a large stretch of the frontier with Iran and the KRG imposed its own customs on trade. Seeking to bring the borders under federal control and get a share of the profits after the Kurdistan Region’s independence referendum, Baghdad set up internal customs points on roads linking the Region with the rest of Iraq, effectively charging a second tax on all foreign products and taxing Kurdistan-made goods.
Under their agreement, the two governments agreed to a single tariff system at all entry points and Iraq removed its internal customs points. A consequence of the new system is higher duties on some products, including luxury cars.
"Due to the unification of customs duties, the business of importing and selling vehicles has almost come to a halt, as customs fees on luxurious and expensive vehicles have greatly increased," Aziz said. "For example, customs fees on the Land Cruiser known [colloquially] as Wanawsha has increased to $5,000 and fees on brand new Lexus and Ranger Rover are now $8,000 to $10,000."
"This has affected the sale of vehicles," he said.
New customs system deals blow to Kurdistan’s luxury car imports
People check out a Mercedes Benz at the Erbil Car Fair on March 7, 2019. Photo: Mohammed Shwani/Rudaw
ERBIL, Kurdistan Region – The unification of customs tariffs between Erbil and Baghdad has dealt a blow to the Kurdistan Region’s lucrative car import business, slapping an extra few hundred to few thousand dollars onto the price of vehicles.
Car imports into the Kurdistan Region top more than $1 billion annually. According to figures from the Kurdistan Regional Government (KRG)’s Ministry of Trade and Industry, automobile imports into Iraq totaled $7.5 billion over the past four years. The bulk of the vehicles entered the country through the Kurdistan Region’s borders, though the numbers have steadily declined over the past four years.
"More than 75 percent of vehicles imported by traders through the Kurdistan Region crossings have been sold to traders from Iraqi cities," Nawzad Adham, general manager of trade at the ministry, told Rudaw.
Most of the imports come through the Ibrahim Khalil border crossing with Turkey.
Lower prices drove a large number of car salesmen from central and southern Iraq to come to buy vehicles in the Kurdistan Region’s markets, making a nice profit for Kurdish businessmen.
"Last year, we sold 75 percent of our vehicles to Arab buyers," Khalis Aziz, head of the Kuwait Company for Trading Imported Vehicles in Erbil, told Rudaw.
The number dropped, however, after customs duties were unified.
After months of wrangling, Erbil and Baghdad finally reached a customs deal in mid-February.
The Kurdistan Region controls all of Iraq’s border with Turkey and a large stretch of the frontier with Iran and the KRG imposed its own customs on trade. Seeking to bring the borders under federal control and get a share of the profits after the Kurdistan Region’s independence referendum, Baghdad set up internal customs points on roads linking the Region with the rest of Iraq, effectively charging a second tax on all foreign products and taxing Kurdistan-made goods.
Under their agreement, the two governments agreed to a single tariff system at all entry points and Iraq removed its internal customs points. A consequence of the new system is higher duties on some products, including luxury cars.
"Due to the unification of customs duties, the business of importing and selling vehicles has almost come to a halt, as customs fees on luxurious and expensive vehicles have greatly increased," Aziz said. "For example, customs fees on the Land Cruiser known [colloquially] as Wanawsha has increased to $5,000 and fees on brand new Lexus and Ranger Rover are now $8,000 to $10,000."
"This has affected the sale of vehicles," he said.
claud39- Elite Member
- Posts : 18423
Join date : 2018-11-04
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee