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The owners of local factories are closing the doors... an influential class of importers is flooding the market with importers

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2021/07/26 10:20    The number of readings 313    Section: File and Analysis

The owners of local factories are closing the doors... an influential class of importers is flooding the market with importers

Baghdad / Obelisk: Social networking sites circulated a video clip of a factory owner in Najaf complaining about his stopping and the emigration of workers to him, citing the reasons for this due to the government's lack of sponsorship of the local industry sector, as well as competition from the importer.

And the Iraqi local industries became unable to compete with the imported products, which stopped the local factories.

And the Iraqi industry is the most prominent victim of the deliberate sabotage of the Iraqi economy by continuing to import from abroad, which is one of the most important outlets for corruption and looting of public money.

The last example of the failure of industry in Iraq is the National Textile Factory for the production of carpets in Najaf Governorate. On Saturday, July 24, 2021, it announced the suspension of the factory and the layoff of its workers because it was unable to compete with imported goods after reducing the value of customs.

The plant employs about 30-40 workers and employees.

Iraqis commented: Supporting the national industry is a national duty for everyone, government, people and politicians... And fighting national industry is no less dangerous than terrorism.

A member of the House of Representatives for the Economy Committee, Nada Shaker Jawdat, said, earlier, that successive governments since 2003 have been working in favor of the imported product, noting that these corrupt personalities have turned the Iraqi people into one of the most consuming nations.

Observers revealed that some political figures own companies and factories outside Iraq and deal with Iraq as a market to market their corrupt products.

Experts in the Iraqi economy warned of the danger of the Iraqi market's dependence on importing its needs at a high rate from foreign countries, stressing that Iraq lost 180 billion dollars in the past years due to foreign imports.

The Iraqi private sector is growing slowly, due to the lack of awareness of its importance on the one hand, and the policy of some influential investors who resort to the policy of dumping on the other.

Among the most prominent challenges facing the local product is the class of importers who have large capital, and who tend to flood the market with imported materials at cheap prices because the production is supported by neighboring countries, or because the product is expired or near completion.

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, says that Iraqi merchants are importing cheap goods, especially Chinese ones, and this trend among Iraqi importers and traders emerged after the siege in 1990 and continued after 2003 until now.

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