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Wednesday, April 16, 2025 14:42 GMT
Iraq's General Customs Authority has introduced new customs procedures aimed at enhancing trade efficiency, preventing smuggling, and supporting domestic industries.Key Objectives: - Implementing modern electronic systems to reduce delays and streamline processes. - Strengthening anti-smuggling measures to protect markets from substandard goods. - Ensuring fair trade regulations and compliance among all importers. - Encouraging local manufacturing by regulating imports and supporting domestic production.According to a statement from the GCA, economic and trade experts have welcomed these reforms, highlighting benefits such as: - Reducing corruption and increasing transparency in customs transactions. - Boosting state revenues, supporting development projects and public services. - Protecting consumers from low-quality or illegal products that could harm the local economy.