Iraq Exempts 300 Jordanian Goods from Customs Duties

29-Dec-2018

An Iraqi source informed that the Iraqi government informed Jordan of the decision to exempt 300 commodities locally manufactured in Jordan from customs duties imposed by Iraq on imports from abroad and estimated at 30% as of early next year. 

The royal source pointed out that the royal efforts led by His Majesty King Abdullah II with the Iraqi leaders and communication with them in this regard led to the exclusion of Jordanian goods from customs duties imposed by the Iraqi government to protect the local industry. 

The source added that these commodities are among the goods that have been studied and will be added to other goods if the studies prove that they will not look at the local Iraqi industries and the presence of an Iraqi alternative. He pointed out that Iraq deals with Jordan different treatment for the services and support provided by Jordan during the war Iraq on terrorism and its past years. 

The source said that the list of goods will be announced by the Jordanian side represented by the Ministry of Industry and Trade and Jordan Chamber of Industry. 

Iraq has imposed a 30% tax on exports to it, including Jordan as part of its program to protect its national industry and Iraq is one of the most important export markets for national industries, where our exports are about 1.4 billion a year fell to more than half because of the border closure because of security measures The Iraqi government in securing the way to the movement of goods. 

National exports in the past two years have fallen to 40% in Iraq over the last two years, reaching $ 695 million last year and $ 1.2 billion in 2014. 

In the first eight months of this year, the Jordanian exports to Iraq decreased by 40.6% to JD 212.3 million compared to JD 357.6 million during the same period last year. The main reason for this decrease was the continued closure of the border crossing between the two countries.









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