The phenomenon of commercial dumping and its impact on local investment in Iraq after 2003

Authors

  • Muntather Mahdi Salih
  • Dr. Abeer Mohammad Jassim

Keywords:

commercial dumping, domestic investment.

Abstract

The absence of laws regulating import and export and the apparent weakness in the control of imported goods will contribute to the emergence of the phenomenon of dumping in it, which will negatively affect investments in the countries where dumping is practiced, as it becomes an unsuitable environment for investment due to the lack of protection for local and foreign capital, and as what happened in Iraq after 2003, the doors of the borders were opened wide for the entry of various types of goods and products from different countries of the world into the Iraqi market because this market is characterized by a great thirst for goods and products as a result of the economic blockade that lasted for more than twelve years, as this policy was unplanned the significant impact on the Iraqi economy in its multiple aspects, as it contributed to the decline of the industrial sector due to the inequality between local and imported goods, in addition to that, the decline of the agricultural sector, and thus investment became not possible in the absence of control and restrictions on imported goods and in light of administrative corruption and security instability All of this negatively affected investment in Iraq, especially after the market was flooded with a huge amount of poor and low-priced imported goods, and what resulted in these factors are an increase in unemployment rates, which are increasing year after year.

Published

2022-07-01