********** Economic parliamentary: The Committee continues to edit paragraphs Investment Law

1/29/2015 0:00

  BAGHDAD - Shaima Rashid



Made it clear to the Committee of Economy and Investment parliamentary, it continues to make some amendments to the text of the "Investment Law" form, which can meet the needs of investors and the government, particularly the elimination of red tape and lift the obstacles that hinder the work of companies and businessmen.

While the Committee revealed, for access agreement with Dr. Haider Abadi Prime Minister on "new laws for investment and the private sector," Economic Adviser to the Prime Minister Dr announced the appearance of Mohammed Saleh, the government's determination to find a new production outlets in non-oil, able to meet the financial budget needs.

Vice Chairman of the Committee on Economy and Investment, Harith al-Harthy, Snead said that the investment law is still under discussion in the committee did not end after his studies, indicating that austerity is going through the country, cast a shadow over all aspects of the investment.

He said Al-Harthy "morning" that "the investment law, which was re-from the government amended some paragraphs Statistics in it, which rely on the decentralization of work and reduce the central powers for fear of monopoly," noting that the Chairman of the National Investment Commission Sami al-Araji During hosted by the Committee, demanded set of changes and amendments to the original law in order to eliminate red tape and lift the obstacles that hinder the investment process in Iraq.

He continued: Iraqi investment of the best laws in the region, the law, is that the application process is wrong, calling for the elimination of red tape and ease the pressure being placed on the investor, noting that the budget "hindered investment and the private sector law," pointing out that those things Committee pushed legislation laws benefit the investors, especially as the government is serious about attracting money and corporate heads.


For his part, sees a member of the Committee on Economy and Investment, Ali Sobhi al-Maliki, said that "the investment law has not been amended as required, attributing the cause to past political differences that blocked the implementation of this law.

Maliki said "morning" that "the investment law is on the committee table to dialogue and debate and make adjustments after he was sent by the government," noting that many limbs said it was not convinced by the law.

The MP added, the Committee in connection with a broad conference of investment authorities and industrialists next month to find an integrated law supports this important and vital sector in order to reverse this law, according to the look of investors and the government, adding that the conference will include investment bodies and senior traders and industrialists in the provinces, noting that the committee will be formed after this conference by the investment and the ministries and the legislative body to follow-up and implementation of what will come out of the recommendations by the conferees.

In turn, said a member of the Committee of Economy and Investment, Ahmed Salim, his committee agreement with Prime Minister Haider al-Abadi, the legislation of new laws for investment and the private sector.

Salim said in a press statement, said that "the decisions that Prime Minister Haider al-Abadi announced near taken, is the legislation of new laws serve and investors, in particular the private sector."

He said "we have agreed with Abadi before traveling to Davos, the need for new laws appropriate to the atmosphere of the investors in order to encourage them to enter the Iraqi market."

"The investment opportunities offered by Iraq States, which is the industrial sector, and residential and commercial, and tourism, and other fields, as well as sectors that an investor asked to work out," noting that "What concerns us is the investor, so he would not find it difficult to invest if they came to Iraq. "

  In the meantime, economic advisor to the Prime Minister said the appearance of Mohammed Saleh, said that "the general direction of the state is to end the sale and distribution of oil and imports between staff salaries and operating expenses," expected at the same time Iraq to see progress in the field of investment. "

Saleh added in a press statement, said that "phase experienced by the Iraqi economy in the dependence on oil and the distribution of salaries to employees over, and that the future trend is the use of the social product and put everyone in a production area, and the oil wealth to finance."

He continued, "We do not consider what Iraq is going through currently a financial crisis, but financial hardship because of falling oil prices, and with a war spending in the face of terrorism and expel Daash" referring to the "orientation and the tendency of the year the state towards the productive use of the forces of the people" .otoqa favor, be a "witness Iraq's progress in the field of investment and the creation of a new economic climate. "


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