Iraq Suspends Customs Duties on Eggs, Chicken to Curb Price Hike
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Insights by Echo AI
The Ministry of Agriculture in Iraq has implemented measures to tackle rising food prices, including suspending customs duties and taxes on imported animal products such as eggs and chicken. The ministry is also coordinating with the private sector to provide eggs at subsidized prices. These steps follow the recent increase in the US dollar exchange rate, which led to a surge in food prices. The ministry aims to stabilize the local market and protect consumers.
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