05/06/2012 13:57
Baghdad, June 5 (Rn) - The parliamentary Finance Committee on Tuesday it had sent two proposals to the Iraqi Ministry of Finance of the Federal Law on the application of the customs tariff at the time confirmed that the application of the law will equip Iraq to enter the World Trade Organization.
A member of the Committee Haitham al-Jubouri told the Kurdish news
agency (Rn) that "the application of tariff law is one of the elements
of a state economic as a condition for entry into the World Trade
Organization (WTO) and that from one of the conditions of application of
the law of customs tariff as well as the protection of national
products." He Jubouri that "we have proposed in the form of customs and the Ministry of Finance Mguetrhieddin through the issuance of instructions to the law of which direction the first is to exempt tax for certain goods task within my need food or clothing," noting that "the second proposal is the application of ascending and progressive for goods other that are not of interest to poor families ".
He noted that "if the application of these Almguetrhieddin there will be control of the Iraqi market and the reduction of the inflation."
The Ministry of Finance has decided last March to start for the application of tariff after the end of next June for the last year to more than once.
And activating the new tariff law to cancel the old law is the subject by the civil administrator of Iraq after 2003, Paul Bremer, which provides for the payment of 5% tax on all goods imported from outside the country.