Tag Archives | Import tariffs

New Import Tariffs Causing Port Chaos

By John Lee. A new 30-percent customs tariff in Iraq is reported to be slowing business at the port of Umm Qasr (pictured), which handles 80 percent of the country’s imports, choking the port with thousands of uncollected cargo containers. But according to the report from Reuters, the new rate does not apply in Iraqi […]

Iraq Blocks Turkish Poultry Imports

By John Lee. The Iraqi government has been undertaking “a series of policy twists to restrict the exports of poultry products from Turkey.” The chairman of the Turkish Poultry Promotion Group, Müjdat Sezer, part of the country’s Ministry of Economy, told GlobalMeatNews: “Iraq decided to stop all imports of full chickens from Turkey. We don’t know […]

The Mystery of Kurdistan’s Border Taxes

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Missing Millions? The Mystery of Iraqi Kurdistan’s Border Taxes Money collected at Iraqi Kurdistan’s borders with Iran and Turkey should amount to hundreds of millions of dollars for the cash-strapped […]

Iraqi Govt to Tighten Importation Regulations

From the beginning of 2012 the Ministry of Trade will strictly control the importation of goods into the country, says the minister. Khayrullah Hassan told AKnews that the ministry will work according to a quota system based on need, and all imports must attain its prior approval. “We will not allow businessmen to trade in […]

Higher tariffs on hold

On February 14, the National Iraqi News Agency reported that the import tariff increases originally scheduled to go into effect on March 6 are being suspended until further notice. (The story is at http://www.ninanews.com/english/News_Details.asp?ar95_VQ=FFHEEK.) This is not surprising. With protestors already in the streets in some places, now can hardly be the best time to […]