By John Lee. In an effort to support local production, the Iraqi Cabinet has approved a recommendation from the Ministerial Economic Council (Resolution No. 230226/Q) aimed at restricting the import of juices, beverages, and cakes. The decision entails: The removal of juices, beverages, pastries, and cakes of all kinds from the import lists. A review […]
By John Lee. Iraq has imposed an extra 60-percent customs duty on imported carpets and rugs (customs codes 57023230 and 57023210) from all countries and sources. This tariff will remain in effect for four years without any reductions, and it will also include monitoring of the local market during this period. According to a statement […]
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 […]
Two business people with considerable experience in Iraq have shared their thoughts on how the Iraqi government could help to improve the climate for business in the country. Responding to a question from Iraq Business News (IBN) at the Iraq Britain Business Council (IBBC)'s Tech Forum in Dubai earlier today, Laura Khudairi, of Iraq Venture […]
By John Lee. The Iraqi cabinet has voted to delay the issuing of export licenses for a variety of agricultural feed produce until October 1, 2022. The ban on exports applies to fodder barley, hay, and bran from corn residues, and was recommended by the Ministerial Council for the Economy. The decision is to enable […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Local farmers face difficulties competing with imported goods Local farmers in the Kurdistan Region struggle to make profit with their produce as the markets are flooded with imported goods. Click here to read the […]
By John Lee. The Iraqi Cabinet has suspended of the requirement for import licenses for foodstuffs, consumables, and medicines until June 8, 2022. The move is intended to ease supply and reduce the upward pressure on prices. In a statement, the cabinet assured that it would maintain inspection and quality control procedures, health checks, and […]
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 […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kurdistan's unemployed youth blame the government The Kurdistan Regional Government (KRG) has banned imports of tomatoes from Iraq, following protest from farmers because of the low price of their fruit. Click here to read […]
By John Lee. The Kurdistan Regional Government has said it is working on addressing the rising costs of bread and other basic commodities. In a statement, it said that the relevant ministries and administrative authorities will aim to assist bakeries in the near term, and address the reliance on imported flour in the long term […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi checkpoints bar Kurdish traders from exporting vegetables, fruits Checkpoints between the Kurdistan Region and southern Iraq prohibit regular exports for Kurdish produce farmers. Several domestic produce items are in season but do not […]
