Sunday, April 8, 2012

Aziz Mayahi warns of a return to the introduction of tariff

Sun 08/04/2012

Baghdad (news) warned .. Member of the Committee of Economy and Investment MP / Iraqi bloc white / Aziz Sharif Mayahi to return to work-based tariff for this law holds for the time being of a negative impact on low-income people.
He said in a press statement distributed by the Information Office of the block received the Agency (news) copy of it: A return to the introduction of tariffs for the time being will reflect negatively on low-income families through the weakness of their purchasing power at the high prices of imported goods in general.
He Mayahi: We will endeavor to prevent the adoption of this law in the House of Representatives in order to avoid damage Selhgaha class poor will not be strong enough to cope with the sudden rise in prices, noting that the House will bear full responsibility for all the economic implications arising from this law if passed.
This criticized the economic expert Majid picture Ministry of Finance's decision to impose tariffs on imported goods as it will increase prices in local markets, which serve as indirect taxes borne by the simple Iraqi citizen.
He said the picture in a statement (of the Agency news) on Saturday: The time is not available for the application of the Tariff Act on imported goods as will serve the merchant and the detriment of citizens simple by increasing the goods in the domestic market, and this is what will lead to economic problems in the country through high rates of inflation as a result weak purchasing power of citizens and increase the prices of materials in the Iraqi market. / Finished / d. N /

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