Parliamentary committee sent two proposals to the Ministry of Finance on the application of tariff law

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.

 

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Ahmed electrodes: the collection (186) votes to withdraw confidence from the Maliki

  Tuesday 05/06/2012

Baghdad (news) .. MP for the / coalition in Iraq / Ahmed electrodes, said that his coalition collection (81) signatures for the withdrawal of confidence, denying what he talked about the white bloc MP Ahmed Al Oraibi in the presence of a large number of deputies to the Iraqi List, which held its meeting two days ago.
The electrodes in the statement (of the Agency news) on Tuesday: The Iraqi was able to collect (81) signatures only from her coalition, as well as to raise about (65) of our coalition of national, and (50) of the Kurdistan Alliance, which became the blocks qualified legally and psychologically to withdraw confidence from the al-Maliki.
He called electrodes: Prime Minister to accept the democratic game, in the event of withdrawal of confidence in him and not to use the street incitement.

So called on the electrodes to the MP Ahmad Ureybi announcement of the (35) deputies who attended from the Iraqi List, for its meeting, adding that he did not attend a meeting Oraibi only a very small number of Iraqi can be counted the number of "fingers" and speaks of the existence of such a number He exaggerates in his words.

He added, in the event of his insistence on the existence of such a number of deputies Filiprhen it in front of everyone by showing fictitious signatures or records them at the meeting.

And: he can not say that all the Iraqi List, his confidence for the Maliki government, but it can be emphasized that the list got to raise about (81) signatures, including the mass of the solution, which sent their signatures with the exception of four who did not sign and they (Muhammad Karbouli and Suhad Obeidi and Ibrahim Muhairi Zidan and Khalil).

He had been MP for the cluster white Arab Ahmed said the meeting was held on Saturday night included 49 deputies from different blocs, except for the National Alliance for refusing to withdraw confidence from Maliki's government, stressing that the meeting a statement was released by three points. / Finished / 3. N. R /

 

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Deputy: Switch to private banks, financial institutions, will organize its work and promote the economy

  Tuesday 05/06/2012

Baghdad (news) .. A member of the Finance Committee MP / National Alliance / Secretary Hadi Abbas, that the conversion of private banks to large financial institutions by the Central Bank of the Iraqi economy will rise through the organization of work.
Abbas said (to the Agency news) on Tuesday: The central bank plans to convert the private banks to large financial institutions through integrated Baovernmah, indicating that a request was made to the government to amend the Banking Law No. (94) for the year (2004).

He added that some private banks declared bankruptcy in recent times because of the absence of a law regulating its work sober and the absence of strict control and follow-up by the Central Bank as if turned to large financial institutions will develop their work and contribute to the advancement of the national economy.

He said: that the private banks when they are running large financial institutions will make their ability to promote the economic reality of the country, working as a special law regulating the work under the supervision of the Central Bank or other government agencies and its affiliates.

The Central Bank of Iraq confirms that the number of private banks arrived in Iraq to 40 banks while capital is still weak and need to be that banks more aggressive with each other to form a strong capital.
He indicated that the government banks with a dominant 92% on the domestic market and that private banks do not exceed its dominance of the 10%, which does not take space from the market, according to the Central Bank of Iraq.
CBI seeks to restructure the private banks in line with the general structure of the Iraqi market and the nature of his relationship with other global markets. / Finished / 8. J. N /

 

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