Parliamentary Finance: foreign investment should activate

2/11/2015 0:00

 BAGHDAD - morning

Parliamentary Finance Committee urged the need for foreign investment activation, because of its great importance in supplying the budgets of the country's financial, and revive the national economy, while the economic and investment commission parliamentary plans to revive the cooperation between the Ministries of Industry and Minerals and oil in order to develop the economic reality of the country.

He said the parliamentary finance committee member Ahmed Sarhan: "The Iraqi economy is based on oil revenues, and this is a big mistake, what we are seeing from the drop in oil prices lead to instability of the financial and economic situation, which reflected negatively on the per capita income."

He called, "the government to develop a long-term strategy, you can invest in other areas in order to supplement the Iraqi budget new revenues, including foreign and foreign investment," stressing "the need to be investment priority and placed him deep strategy."

He pointed Ahmed said that "improved reality security, the sponsor to attract more foreign investment into the country, which would expand Iraq's imports of Finance "in Favorites, the Commission stressed the economy and investment representative, it will work on activating cooperation between the Ministries of Industry and Minerals and oil for the advancement and development of the economic reality of Blad.oukal Vice Chairman of the Committee Harith Chanchal: "The" work decentralized system, helps to invest all primary resources in the provinces.

"He said Chanchal that" the new economic order, which the government will seek to apply it, he can activate the investment side, which can help in the advancement of the Iraqi economy and development of the larger . "in turn, called for economic and investment commission member of the parliamentary proof Almamori, the Ministry of Electricity to deal with the General Company for Electrical Industries in Diyala province, and the withdrawal of the available products have in order to support domestic production.

He Almamori said in a statement: "It discussed during his visit to the General Company for Electrical Industries in Diyala province, with the company's general manager and advanced staff in the most important obstacles and needs in the areas of work, each of which, in addition to the development of the company's business and increase production to meet the local need" .odaa relevant ministries, especially the Ministry of Electricity to "pull production available to meet the need, and not to rely on imported product," adding that "the availability of standards and electrical power transformers and electrical equipment valued at" fifty billion dinars. ""

He said Amory "the need to support the company through the promotion of the local product and return the proceeds going to the Iraqi income." He continued that "the industry in Iraq need to support their products and marketing that will ensure its presence in local markets," calling the country's ministries and institutions of all to "go about the local industry and buy their products in order to support the Iraqi economy, especially as the country is going through a severe economic crisis. "


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