logo
The Industrial Coordination Council Makes Several Decisions to Develop National Industry

The Industrial Coordination Council Makes Several Decisions to Develop National Industry

Iraqi News13-04-2025

Baghdad-INA
Prime Minister Mohammed Shia al-Sudani chaired a meeting of the Industrial Coordination Council today, Sunday, during which mechanisms for developing national industry were discussed and voted on.
The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA): that "Prime Minister Mohammed Shia al-Sudani chaired a meeting of the Industrial Coordination Council today, Sunday, during which mechanisms for developing national industry were discussed, in addition to following up on the implementation of the decisions and directives issued at the previous meeting."
According to the statement, the Prime Minister directed the relevant authorities in the federal government and Kurdistan Regional Government to hold meetings to discuss unifying procedures and present recommendations to resolve problems and obstacles in order to support joint industrial projects.
As part of the government's environmental protection efforts, the meeting approved a plan by the Ministry of Oil to supply liquefied gas to brick factories, replacing the use of fuel oil, in accordance with Cabinet Decision No. 24547 of 2024 on this matter.
The meeting also approved a decision requiring all governorates to allocate and divide 1,000 dunams of land for industrial projects nominated by the General Directorate of Industrial Development—either as a single plot or subdivided—within 90 days.
In line with the government's import-export control policies, the meeting approved the registration of all imported products and their trademarks with the relevant Iraqi authorities to ensure compliance with approved standards, curb counterfeit or non-compliant goods, and strengthen oversight of imported commodities in support of the national economy.
In this regard, the meeting also assigned the Central Organization for Standardization and Quality Control and the Directorate of Organized Crime to monitor Iraqi products, track cases of industrial fraud or manipulation of specifications, and prevent the marketing of non-compliant and smuggled goods. Additionally, the meeting approved a mechanism to regulate the export of oxidized asphalt products and emphasized that draft agreements with other countries must not include tax or customs exemptions that could harm local industry.
To support the national electricity system, the meeting approved a mechanism to connect private sector industrial solar energy projects to the national power grid. This includes offsetting surplus solar-generated power against industrial consumption through a transparent net-metering system.
The meeting also voted to approve the inclusion of the Advisor for Industry and Private Sector Development in the Economic Ministerial Council, ban the export of paper and cardboard waste, and extend infrastructure services including water, sewerage, and paving to the Awerij Industrial Zone.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Iraq's FM urges emergency Arab League meeting over Iran-Israel conflict
Iraq's FM urges emergency Arab League meeting over Iran-Israel conflict

Shafaq News

timean hour ago

  • Shafaq News

Iraq's FM urges emergency Arab League meeting over Iran-Israel conflict

Shafaq News/ Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein on Wednesday called for an emergency meeting of Arab foreign ministers amid escalating regional tensions linked to the ongoing conflict involving Iran. According to a statement from the Iraqi Ministry of Foreign Affairs, Hussein made the call during a phone conversation with Egypt's Foreign Minister Badr Abdel Aty. The two diplomats discussed the latest regional developments, 'particularly the recent shifts in the ongoing war against the Islamic Republic of Iran and its implications for regional security and stability,' the statement said. Hussein, who currently presides over the Arab League summit cycle, proposed holding the emergency meeting on the sidelines of the upcoming session of the Organization of Islamic Cooperation (OIC), set to take place in Istanbul early next week. The minister stressed that the purpose of the meeting is to 'coordinate Arab positions in light of accelerating events and face the current challenges in a spirit of collective and responsible engagement.' نائب رئيس الوزراء ووزير الخارجية فؤاد حسين يبحث مع نظيره المصري تطورات الأوضاع الإقليمية ويدعو إلى اجتماع طارئ لوزراء الخارجية العرب – وزارة الخارجية العراقية — وزارة الخارجية العراقية (@Iraqimofa) June 18, 2025

Iraq faces growing economic strain due to Israel-Iran conflict
Iraq faces growing economic strain due to Israel-Iran conflict

Shafaq News

timean hour ago

  • Shafaq News

Iraq faces growing economic strain due to Israel-Iran conflict

Shafaq News/ Iraq's economy is already showing signs of strain as the Israel-Iran conflict enters its sixth day, despite the country's non-involvement in the fighting, a leading economic expert told Shafaq News on Wednesday. Dr. Nawar al-Saadi, a professor of international economics, told Shafaq News that Iraq's geographic location, heavy reliance on oil, and integration into a sensitive regional network leave it vulnerable to the fallout of the escalating hostilities. 'So far, we're seeing three immediate economic consequences,' al-Saadi explained. 'First, the Iraqi dinar is weakening as the dollar exchange rate rises. This reflects fears that the conflict could spread, affecting oil exports or state revenues, which in turn fuels inflation through higher import costs.' The second impact, he said, is market stagnation. 'Uncertainty is freezing investment and commercial activity. Wars interrupt economic planning and scare off capital, especially when Iraq is seen as part of a high-risk geopolitical zone.' According to al-Saadi, the increase in food prices is another impact, 'Concerns over supply chain disruptions have already prompted speculative behavior and hoarding among traders. This poses a direct threat to Iraq's food security, which is already fragile due to high import dependence.' The professor warned that if the conflict intensifies or persists, the consequences could become 'far more severe.' 'Iraq's oil exports rely almost entirely on the Gulf, particularly the Strait of Hormuz. If that route is disrupted, even briefly, Iraq could lose billions in revenue and plunge into a financial crisis its oil-dependent budget cannot withstand.' Al-Saadi also highlighted the risk of domestic instability, pointing out that the longer the war drags on, the greater the chance that regional power struggles will spill into Iraq. 'If foreign interests or US assets are targeted, or southern cities become flashpoints, it could erode what's left of Iraq's economic stability.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store