Tuesday, July 8, 2025
The Ministry Of Commerce Announces Plans To Balance The Market And Meet Consumer Needs
The Ministry Of Commerce Announces Plans To Balance The Market And Meet Consumer Needs.
Economy | 06/07/2025 Mawazine News - Baghdad - The Ministry of Trade revealed, on Sunday, its plan to regulate import policy and protect local products. It also confirmed the development of plans to balance the market and meet consumer needs, including adjusting customs duties for a category of imported goods.
Ministry of Trade spokesman Mohammed Hanoun told the official agency, followed by Mawazine News, that "the Ministry of Trade seeks to regulate import policy through a set of plans and procedures aimed at protecting local products while achieving market balance and meeting consumer needs."
He added, "The plans include updating the list of prohibited and restricted goods for import. The ministry periodically reviews and updates the lists of prohibited or restricted goods, in coordination with the relevant sectoral authorities, in line with national production capacities and to prevent the market from being flooded with competing imported goods.
He pointed out that "the ministry has given priority to local products in government procurement, and the ministry adopts a policy of preferring local products in government supply contracts, including ministries and official bodies, in support of national industries."
He explained that "the plans include the effective implementation of the import license system, as import licenses are granted according to well-studied plans based on the needs of the local market and the production capacity of Iraqi factories to prevent random imports that harm national production."
They also include measures to strengthen control over border crossings in cooperation with the General Authority of Customs and security authorities. Control over border crossings is being tightened to prevent the entry of unauthorized or poor-quality goods that harm fair competition."
He continued, "The ministry is adopting a partnership approach with the Federations of Chambers of Commerce and Industry and relevant federations to ensure that import decisions support the aspirations of the Iraqi private sector.
To implement customs tariffs in accordance with protection requirements, the Ministry of Trade is coordinating with the Ministry of Finance to propose amendments to customs duties for imported goods that have a local alternative, thus enhancing the competitiveness of the national product."
He concluded by saying, "The plans include a deliberate openness to international markets while protecting the local market, as the ministry is working to enhance Iraq's trade openness with countries around the world through well-considered trade agreements that guarantee national interests." https://www.mawazin.net/Details.aspx?jimare=263543
TIDBIT FROM MNT GOAT
Mnt Goat
The CBI is still moving forward at a fast pace to complete the monetary reform and follow Dr Shabibi’s plan of 2011.
But the U.S. will have to let go and let it happen. This will end their control over Iraq…finally!
The U.S. has said already they intend to sign-off with caveats.
My contact in the CBI has been placed back on the committee for the Project to Delete the Zeros.
So, this tells us something...Are they deciding now what to do? Is it time?
IRAQ HEADLINES NEWS: IRAQ IS RESOLVING ONGOING OIL AND FINANCIAL DISPUTES!!
IRAQ HEADLINES NEWS
The Iraqi Federal Supreme Court, led by new head Judge Munther Ibrahim Hussein, held its first consultative meeting with full attendance on Monday, reaffirming its neutrality, equal distance from political factions, and commitment to preserving Iraq’s political system, constitutional rights, and the separation of powers. The Court stressed non-interference in legislative or executive actions unless they breach the constitution - statement
: Federal Supreme Court
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#BREAKING: A high-level delegation from the Kurdistan Regional Government (KRG) has arrived in Baghdad for talks with top Iraqi officials aimed at resolving ongoing oil and financial disputes, reports Zoom News' Akam Fahmi.
ADAM STEPHENS UPDATE
Hello my friends...
We are keeping a close eye on what was signed yesterday and what is coming from it. The main pieces of the BBB activate on Monday morning at 9am EST and some went active immediately upon signing.
Let's be very vigilant... I have been seeing a lot of leaves being left on the ground and floating around.
Remember.... Stay Grounded.
A lot is about to happen for the good of the world IN MY OPINION.
I'm going to be sharing some good information with everyone.
Last week, on June 30th, Iraq filed with the IMF a 120 hour extension on the full reveal of the new Dinar rate. Al Sudani announced last Sunday that the people wound get their new rate on July 1st.
We are watching for sometime after Midnight PST tonight for the Dinar to show itself.
Many have been seeing the RLUSD and IQD Dinar fluctuate on Coinbase and other currency systems.
Let's watch closely and see what happens over the next couple of hours and days.
I'm getting excited for everyone here who has been praying and believing for a long as many of you have been.
Adam Stephens
A2Z Dreamz
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