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Iraq customs duties plunge Kuwaiti exports
Economy News _ Baghdad
Chairman of the Budgets and Final Accounts Committee in the Kuwaiti Parliament, MP Adnan Abdul Samad, on the decline of Kuwaiti exports to Iraq due to the newly imposed customs duties.
And the Kuwaiti newspaper “Al Anbaa” quoted in a news seen by “Al-Iqtisad News,” Abdul Samad as saying, “The committee also discussed the decline in Kuwaiti non-oil exports in the last year, at a value of 35 million dinars to 7 countries that were classified among the ten most importing countries from Kuwait, This is despite what was spent in the past three years on media exhibitions and advertising services for the promotion and training in this field, and by about two million dinars.
He added that "the committee was keen on discussing the factors that caused the decline of these exports," noting that "the ministry indicated that it had set up several factors for that, including the increase in customs duties in some countries, including Iraq, where it had the largest percentage of this decline in addition to other factors."
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