FRANK26: "HYPERMARKET... SUPER MALLS... POWERFUL PURCHASING POWER COMING FOR THIS!!!" , 21 FEB

 KTFA

FRANK26: "HYPERMARKET... SUPER MALLS... POWERFUL PURCHASING POWER COMING FOR THIS!!!".....F26

Al-Sudani: Marketing centers include 60% of local products, and importing goods requires a serious stance

2/19/2025

Prime Minister Mohammed Shia Al-Sudani confirmed today, Wednesday, that the planned marketing centers will contribute to supporting the local economy by including about 60% of locally manufactured products.

 

Al-Sudani's media office stated in a statement received by {Euphrates News} that "the Prime Minister opened the (Taawon Hypermarket) marketing center in Al-Bayaa to sell food, goods and merchandise at subsidized prices in Baghdad. He also opened, via a television circuit, 5 other marketing centers, distributed in the areas of Al-Hurriya, Al-Salihiya, Al-Shaab, Palestine Street and Jamila. His Excellency also launched the executive works for 23 similar projects in Baghdad and the governorates." 

Al-Sudani toured the departments of the Cooperative (Al-Bayaa Hypermarket) and met with its employees, pointing out “the issue of social security and its inclusion of all workers in the private sector, and he viewed the wings where local products are sold,” appreciating all “the efforts that contributed to the success of this important vital economic project.”
He stressed that "the Ministry of Commerce will continue with its plan, which aims to open 150 similar centers in all governorates."
He also stressed that "the competent authorities will be directed to grant a privilege to social protection beneficiaries, by setting a specific discount rate for basic goods and food items for them in these centers." 
The Prime Minister explained that the idea of ​​this project was launched to confront the rise in food prices as a result of global circumstances and wars, which were clearly reflected in our local markets, pointing out that the government intervened at the time to control prices and ensure that basic food supplies reached citizens. 

Al-Sudani stressed that the role of the Ministry of Trade is not limited to trade exchange, but extends to encouraging national industry, by meeting the needs of the local market, explaining that “Iraq annually imports goods and products worth 70 billion dollars annually, a number that needs to be stopped and reviewed, because the Ministry of Trade is part of the effort that works to prepare the ways for the private sector to compensate for these imports that drain foreign currency.” 

The following are the most important points made by the Prime Minister:

 When it comes to food security for citizens, the state must be present.

- We controlled food prices, in cooperation with the private sector, despite the effects on the foreign exchange rate.

 We have entered into partnerships with the private sector to open outlets to display food and other goods that citizens need.

The trial operation began a few weeks ago and there was a clear turnout from citizens. The goal is to provide reduced prices compared to market prices.

- Hypermarket cooperation projects are a goal of the Ministry of Trade to reach a percentage of local and manufactured goods within Iraq of no less than 60% of the exhibits.

 We encourage these centers according to this model, and the goods and products they provide.

We call on businessmen and the private sector to invest in the current government support, which is unprecedented.

 - Supporting the private sector begins with providing sovereign guarantees for industrial projects, through the Iraq Development Fund, and the ongoing economic reforms that include the financial and tax aspects, loans, and the banking sector.

 The environment we provide for the private sector comes from the premise that there is no alternative for the Iraqi state to support this sector and make it capable in all aspects.

We directed the Industrial Coordination Council to be held on a monthly basis to include important decisions in the field of industry, and the Ministry of Commerce is present in this council. 

We call on all authorities to encourage national industry and provide an attractive business environment for the private sector.

LINK