Al-Kazemi’s advisor sets two positive goals for the procedures for zeroing food and basic fees

Al-Kazemi’s advisor sets two positive goals for the procedures for zeroing food and basic fees



On 08-17-2022


 Today, Wednesday, the economic advisor to the Prime Minister, Mazhar Muhammad Salih, identified two positive goals for the procedures for zeroing food and basic fees, while indicating that the decision to zero customs is reviewed every three months.


 Saleh told the Iraqi News Agency (INA), that "the procedures for zeroing customs duties on foodstuffs are important and accurate, to impose price stability in the country and to confront the waves of inflation imported from the world on the most consumed imported materials and goods that affect the lives of low-income social groups."


 He added, "Targeting customs duties and taxes is often an alternative equivalent to the effects of the exchange rate in imported goods and its continuous rise due to the effects of the energy and grain crises in the world due to the war between Russia and Ukraine," noting that "the decision to zero customs duties and taxes is a temporary measure until prices stabilize." world and its decline.


 He stressed, "The decision to zero in on customs is reviewed every three months to assess the importance of continuing to implement the decision or not."


 With regard to local production, Saleh said, “Imported production supplies and requirements, which are inputs for the production of local goods similar to those imported, should include, if not already included, customs zeroing,” noting that “this generates a base of equal competition to satisfy demand.” At the same time, achieving a price balance and effective sustainability of national production.”


 And last March, the Customs Authority announced the application of procedures for issuing circulars for the implementation of Resolution 72 of 2022, which includes zeroing customs duties for basic food and consumer materials and building materials, in order to support the segment of citizens and the people’s food, which affects their daily lives to meet the challenges of high prices.






 Source: Iraqi News Agency








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