Shafaq News / The Iraqi government took several steps on Saturday to confront the tariffs imposed by US President Donald Trump, while revealing that most Iraqi exports to America are made through the markets of other countries.

The Media Office of Prime Minister Mohammed Shia Al-Sudani said in a statement received by Shafaq News Agency that “Al-Sudani chaired a meeting dedicated to studying the economic and commercial implications of the decision of the United States government of America, to increase the customs tariff on their imports of goods from the countries of the world, and the repercussions of this step on the entire world economy, on crude oil prices, and the extent to which the Iraqi economy is affected in this regard.”

He added that “the meeting reviewed the digital data issued by the Ministry of Commerce, which reveals that the percentage of raising the US customs tariff on Iraqi goods was based on the difference in the trade balance between the two countries, and not because of the customs duties imposed by Iraq on American goods.”

He continued, “It became clear, through the data of the Ministry of Commerce, that the bulk of Iraq’s imports from American goods are through the markets of other countries, as a result of some policies of American companies that they follow in dealing with Iraq.”

He pointed out that “in light of these data, and in order to ensure the best path for the development of the Iraqi economy, the Prime Minister directed to take the necessary measures, as dictated by the supreme interests of the Iraqi economy; as follows: First, work to develop mutual trade relations, by opening outlets for distributors and American commercial agencies, activating Iraqi commercial agencies, and dealing directly between the sectors facing the United States of America.”

Second: “Work on developing banking services between the banking and financial sectors in Iraq and the United States of America, to ensure the achievement of mutual economic interests, and thirdly: Directing the talks team with the American side to review the foundations of the commercial relationship with the United States, with the aim of improving it, and to ensure the construction of balanced economic and commercial relations that ensure mutual interests between the two parties, and develop a positive partnership.”

In the fourth directive: The ministries of Foreign Affairs, Finance, Trade, and those concerned, open a dialogue with the corresponding American sectoral side, to ensure the strengthening of trade relations, following up financial markets and economic expertise houses, and submitting weekly reports to his office.

https://www.shafaq.com/ar/سیاسة/الحكومة-العراقية-تتخذ-4-خطوات-بش-ن-ضرا-ب-ترامب