Economist: The Impact Of Introducing New Trade To The Electronic Platform Is Limited Unless The Borders And Customs System Are Controlled, 23 NOV

 Economist: The Impact Of Introducing New Trade To The Electronic Platform Is Limited Unless The Borders And Customs System Are Controlled

Money  and business   Economy News – Baghdad   Economist Nabil Al-Marsoumi said, “The process of introducing the trade in cigarettes, gold, or mobile phones into the operations of the electronic platform could have a limited impact unless the borders and the customs system in general are controlled. Therefore, the concerned authorities must work in accordance with a unified customs and tax system and set a central tariff for goods.” Imported goods, and complete control over the border crossings.”

Al-Marsoumi added, “Many merchants of gold, cigarettes, and other goods do not prefer to enter the electronic platform if they are actually included, because it will require them to enter the goods through official ports, and entering some types of goods, such as cigarettes, through official ports exposes them to paying customs duties of up to 100 %, as well as for gold, so the process of involving them in the dollar selling platform may have very limited results unless the import system is activated in general.”

The economic expert explained, “The banking reform process in Iraq, and the economic reform in general, must be accompanied by unified legislation so that such decisions and instructions can have a positive impact in reducing the exchange rate of the dollar against the dinar, which means that such measures do not touch the essence of the issue and their impact will be limited.” On the parallel market and on the dollar exchange rate.”  Views 33  11/22/2023  https://economy-news.net/content.php?id=37754