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وكالة الأنباء القطرية
Iraq’s industry confronts rising costs and imports
The Iraqi industry faces significant challenges that hinder its competitiveness, most notably high production costs, weak infrastructure, and the expenses associated with energy and transportation, as well as competition from low-cost imported goods. Experts emphasize the need to address these challenges by rehabilitating factories, improving energy supply and basic services, facilitating access to raw materials, and regulating import processes while implementing standard compliance measures. Domestic industries also support the necessity of bolstering local products through customs duties and prioritizing government procurement, while cautioning that excessive protection could lead to monopolies and rising prices. To achieve sustainable competitiveness, it is recommended to develop industrial cities and simplify administrative procedures to reduce costs and stimulate growth, with a focus on developing infrastructure and improving energy conditions and services.
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