Dan Drezner blogs about the
economic prosperity being felt in Iraq, as well as future economic plans:
Since the collapse of Saddam's regime, police Officer Gailan Wahoudi, 31, has bought a new television, a refrigerator and an air conditioner. ''It is a new freedom I never had before,'' he says.
The buying spree has been helped by the suspension of customs duties, import taxes, licensing fees and similar surcharges for most goods entering and leaving the country. The U.S.-led coalition's order on June 7 that suspended such charges has made Iraq a virtual free-trade zone at least until the end of the year. The coalition authorities had little choice: Iraq lost its ability to adequately control its borders when Saddam's government collapsed. Immigration and customs controls are only now being restored.
For consumers, the bottom line is lower prices.
