December 27, 2015 Our economy / Baghdad
The economic and investment commission parliamentary announced a joint meeting, soon, between the federal government and representatives of the Kurdistan region to apply the law of customs tariff in all border crossing points.
She added: “The main problem encountered in the collection of customs tariffs according to the law, relating to non-state control of all border crossings.”
He continued: “The most traders importers resort for the supply of goods to the local market through these ports.”
She noted that “there are border ports under the control of the government are not taken to the application of the customs tariff in the absence of political will.” LINK
The tariffs will help the GOI in terms of getting them more money, but at the cost of higher prices for the people.
Unless they also raise the value of the dinar in sync with the introduction of tariffs this will lead to inflation in Iraq.
Therefore one of two things will happen: they will either postpone the tariffs or they will institute the float with the introduction of tariffs. Time will tell.