The Ministry of Commerce clarifies the benefits of the agreement with Jordan and the customs exemption for its goods

The Ministry of Commerce announced the benefits of the agreement signed between Iraq and Jordan to promote trade and economic cooperation between the two countries. The agreement does not include raising customs tariffs on all goods entering Iraq.

“The agreement will positively reflect the prosperity and prosperity of the Jordanian and Iraqi peoples because of its economic and commercial importance to both countries. The Jordanian government decided to exempt Iraqi goods imported through the port of Aqaba from 75% of the fees charged by the Aqaba Economic Zone Authority,” the ministry said in a statement. And therefore the amount paid by the Iraqi importer is 25% of the handling fee. “

“The exemption of goods from customs tariff does not include all goods and goods received in Iraq. The exempted list included goods that do not cause damage to the local Iraqi industry and agriculture. The duties imposed on goods manufactured in Iraq will also be maintained, Every six months based on studies provided by the competent authorities in Iraq on the need of the country for those goods or not. ”

“The Jordanian side agreed to give preference to Iraqi agricultural commodities to enter Jordan in the seasons where production of Jordan is limited to these commodities. This is an opportunity for Iraqi farmers to increase production and export surplus to Jordan. This has economic benefits, With money, rather than its total dependence on oil. “

“The agreement includes the establishment of a free industrial zone between the two countries. In this case, Iraq will benefit from obtaining customs exemptions for the goods and goods it produces and the benefits of the free trade agreements signed by the Hashemite Kingdom of Jordan with the countries of the world, thus facilitating the entry of goods into the world market, And the establishment of this region will contribute effectively to reduce the unemployment suffered by Iraq, and the agreement will help in the rapid entry of goods and goods between the two countries, which keeps them quality, rather than routine procedures that reduce the quality of goods, as a result The trucks that are transporting them for weeks in the customs outlets. “

Prime Minister Adel Abdul-Mahdi met with his Jordanian counterpart Omar al-Razzaz on Saturday in the presence of ministers and officials from both sides in the border area between Karama and Trebil to announce a new phase of enhancing cooperation between the two countries in various fields

Source: National Iraqi News Agency