Business Services Industry

IRAQ: 'ENTREPRENEURS' BENEFITING FROM LIFTING OF IMPORT DUTIES.

IPR Strategic Business Information Database, July, 2003

Many Iraqi businessmen and "freelancers" are benefiting from the CPA's lifting of import tariffs, according to international press reports. The tariffs were lifted by CPA administrator L. Paul Bremer in June through the end of the year. The decision has spurred hundreds of Iraqis to apply for import licenses, Bloomberg reported on 4 July. Officials at the Baghdad Chamber of Commerce have said that they issue about 400 cross-border import licenses per day, a 50 percent increase from the prewar figure. The licenses cost up to $8. Chamber General Manager Abd al-Malik Husayn cited the lifting of tariffs as the "principal reason" for the surge. "Before, it wasn't easy to trade," trademark manager Sohad Ahmad told Bloomberg, adding, "This is a golden opportunity for...

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