By John Lee. The Kurdistan Regional Government (KRG) has said that customs duties and taxes at border crossings will now be levied exclusively in Iraqi dinars instead of US dollars. Full statement from the KRG: According to Decree No. 227 of the Council of Ministers, dated September 20, 2023, customs duties and taxes at border […]
Increasing the security of the trade supply chain at Baghdad International Airport On 10 September 2023, Iraq took a significant stride in bolstering trade supply chain security - concurrently targeting high-risk air cargo while facilitating the smooth flow of legitimate trade. In pursuit of this crucial objective, Iraqi authorities have joined forces with the United […]
By John Lee. Médecins Sans Frontières (MSF) [Doctors Without Borders] has closed two health facilities in Mosul, claiming that their work has been made impossible by the bureaucracy in Iraq. Full text of statement from MSF: MSF halts medical activities in Mosul due to administrative obstacles Essential medical activities have been suspended at two health […]
By John Lee. The Prime Minister of Iraq, Mohammed S. Al-Sudani, has approved the recommendations of a committee investigating corruption in the Umm Qasr port. The committee found that private companies operating at the General Company for Iraqi Ports were charging additional fees not approved by the Ministry of Transportation, leading to increased prices for […]
By John Lee. Iraq's Council of Ministers has approved a list of additional import taxes aimed at protecting domestic producers: Imposing an additional customs fee of 65% on "epoxies and modern dyes" imported into Iraq from all countries and manufacturers for four years without reducing it and monitoring the local market while applying the additional […]
By John Lee. Iraq's Minister of Finance, Taif Sami Mohammed, has held a meeting on the follow-up to the implementation of the automation project for customs and tax. The Minister said: "The completion of the automation project will contribute to the development of customs departments and improve their performance, by adopting a single window, modernizing […]
By John Lee. Iraq has extended its suspension of customs duties on basic commodities such as foodstuffs, construction materials and essential consumables from two months to three months. It has also similarly extended its suspension of the import ban on some goods, including foodstuffs, consumables, and medicines from two months to three months. The initial […]
By John Lee. Iraq will suspend customs duties on basic commodities such as foodstuffs, construction materials and essential consumables for a period of two months. In response to the increasing prices of various commodities, Iraq will also suspend the import ban on some goods, including foodstuffs, consumables, and medicines. The ban was in place to […]
By John Lee. Iraq's General Customs Authority has announced the reopening of the Safwan/Abdali border crossing between Iraq and Kuwait. The crossing had previously been closed to help prevent the spread of COVID-19 (coronavirus). Designs were completed earlier this year for a redevelopment of the crossing. (Source: General Customs Authority)
By John Lee. The International Monetary Fund (IMF) has published a new report into Iraq's customs and tariff arrangements. This report summarizes key findings and recommendations from a remote technical assistance (TA) assignment performed by a short-term expert (STX), Mr. Djamel Bouhabel, from January 17 to February 4, 2021, to the General Customs Authority of […]
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq automates its customs service to reduce corruption at border crossings The Iraqi government has taken several new initiatives to fight corruption, from automating border crossings, arresting corrupt figures […]
Ministerial delegations from Iran and Iraq agreed on plans to promote cooperation on customs affairs, pave the way for joint investment, and expand the capacity for transportation between the two neighboring countries. After two rounds of meetings on Saturday, delegations led by Iranian Economy Minister Farhad Dejpasand and Iraq's Finance Minister Ali Abdul-Amir Allawi reached […]
