Beans and other agri products

Iraqi government bans imports to support domestic growers

The Iraqi government has imposed restrictions on imports of beans and other agricultural products during this harvest season. The country’s bean harvest is in full swing and to support local farmers, the government has imposed restrictions on imports of beans and 23 other agricultural products during harvest season. The absence of cheap products from Iraq's neighbors -Iran and Turkey- has allowed farmers to get better prices, but that's not enough to scale up production to meet local demand.

A lack of stability in Iraq over the last decade has affected the agricultural sector. Investments have been slow. The Ministry of Agriculture wants to attract more investment, as it makes sense to rely on investment and technology to improve and develop production in terms of quality and quantity.

However, the government's protectionist policies risk further alienating current and potential investors. Turkey imports around $2.5 billion worth of agricultural produce each year.

Source: news.yahoo.com


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