Mahma Khalil: current customs revenue is estimated at (600) million and when activating the tariff will be two billion dollars

Date: 12/31/2012 12:50:14 Monday



Baghdad (news) .. Called the decision of the Economic Commission MP / coalition of Kurdish blocs / Mahma Khalil, the need to activate the Tariff Act because of its positive benefits for the national economy in terms of enhancing revenues of the federal budget and activating economic sectors.

Khalil said (of the Agency news): The fiscal revenue that comes from customs duties current estimated (600) million, and when activating the Tariff Act will increase (70%) of any of up to an amount ranging between (1.7 - 2) billion dollars .

He added: that the amounts derived from the tariff will enhance the tributaries of the federal budget, as well as the activation of vital economic sectors such as the agricultural and industrial sector in the country.

He pointed out: to ask the government to slow down tariff law due to lack of rehabilitation of border crossing points "illogical" not serve the interests of the Iraqi economy.

It is noted that the Tariff Act has been enacted in the House of Representatives.

The Council of Ministers has announced the patient application of the Tariff Act until rehabilitation of infrastructure export outlets.

The Law Tariff passed by the House of Representatives to repeal the tariff number (77) for the year 1955, and is the Coalition Provisional Authority (dissolved) No. (54) for the year 2004 (policy of trade liberalization for 2004), and ordered CPA No. 38 of 2003 (Tax the reconstruction of Iraq, as amended).

The law emphasizes that it does not work in any law or regulations or regulations that are inconsistent with the provisions of this Act. / End / 8. N. P /


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