Deputy Prime Minister and Foreign Minister Chairs 25th Session of Ministerial Council for Economy
On Monday, August 19, 2024. Deputy Prime Minister, Foreign Minister and Chairman of the Ministerial Council for Economy Mr. Fuad Hussein, chaired the 25th session of the Ministerial Council for Economy. The Meeting was held at the Agriculture Ministry Headquarters, and was attended by Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Agriculture, Trade, Labor and Social Affairs, Industry, the Governor of the Central Bank of Iraq, Ministry of Oil Undersecretary, and the Prime Minister’s Advisors for Economic and Legal Affairs.
The Council discussed the topics on its agenda and took the appropriate decisions about them. Additionally, the Council decided that the Ministry of Agriculture would sell the remaining quantity of fodder yellow corn grains in the warehouses of the Iraqi Seed Production Company and Mesopotamia Company to licensed and unlicensed feed factories and breeders at a price of 375,000 Iraqi dinars per ton.
The Council also approved the minutes of the first session of the Committee of Diwani Order for implementing the import policy and executive procedures, preparing a list of goods prohibited from being imported to protect the local product, and drafting the controls for granting import licenses, taking into consideration the observations of the Secretariat of the Ministerial Council for Economy.
The Council also approved the inclusion of the Abbas bin Firnas garage development project at the entrance of Baghdad International Airport and rehabilitating it in a decent and civilized manner for the benefit of the Ministry of Transportation.
The Council also approved that the minimum cash receipts through the electronic point of sale (POS) system by insurance companies, brokerage companies and other insurance service providers should be no less than 10% of their total receipts, obligating all relevant sectoral bodies to implement the Cabinet decision in this regard and provide the minimum receipts, in addition to mechanisms for gradually increasing the proposed percentage with a specific timetable.