Insight Iraq

In-Depth News & Views

Iraq News

Iraqi Customs achieve ‘historic’ revenues after applying automation system

Baghdad (IraqiNews.com) – Iraqi Customs announced on Tuesday that it achieved a historic rise in revenue during the first quarter of 2024, expecting further increases once the automation initiative is completed.

In a statement to the Iraqi News Agency (INA), the Director-General of Iraqi Customs, Hassan Al-Ukaily, explained that Iraqi Customs achieved a 28 percent increase in revenues during 2022 and 2023.

Al-Ukaily illustrated that Iraqi Customs achieved a 120 percent increase during the first quarter of 2024 compared to the same period in 2023, describing the increase as the highest since Iraqi Customs was founded.

The growth is a result of measures taken by Iraqi Customs to facilitate customs clearance procedures and the application of an automation system, according to Al-Ukaily. 

The Iraqi official indicated that Iraqi Customs is working on applying the automation system to all Iraqi ports, adding that the process will be completed in mid-2025.

Al-Ukaily noted that Iraqi Customs is looking forward to achieving a 100 percent increase in revenues in 2024 compared to 2023, adding that revenues might potentially triple after the automation system is fully applied.

The post Iraqi Customs achieve ‘historic’ revenues after applying automation system appeared first on Iraqi News.