Iraq suspends Arab trade agreement

The news agency Buratha 72 2016-11-18

An official in the prime minister stressed that Iraq did not withdraw from the trade agreement between the Arab countries, but suspended them as of early this month.

Financial experts inform the official in the Prime Minister's easier Jabbar said in a press statement, he said the government's decision came after monitoring the entry of goods into the country as foreign origin turns out to be of Arab origin.

Jabbar explained that "the suspension of operation of the Convention was to protect the local product," adding that "disclosure of imported goods to Iraq in terms of compliance with the specifications or not will be through approved standards."

The Council of Ministers approved on 24 October last to impose customs duties on goods imported to Iraq from all countries.

The Board based its decision on the protection of Iraqi law after the products flooding the local market of imported products, according to a decision.

http://burathanews.com/arabic/economic/305700