************* Parliamentary economy confirms amend the investment law and the elimination of red tape in dealing with investors

Fri, March 20 / March 2015 12:28


[Baghdad-where]

The Commission on the economy and investment representative, on Friday, that the amendment of the Investment Law will be in the service of investors, and the elimination of routine in the country dealing with investors circles.

The Vice-Chairman of the Committee Harith Al-Harthy, told all of Iraq [where], "The committee held a conference which met with Iraqi investors, and the Arabs, and foreigners, and has through the study of their problems and we have to amend the Investment Law No. 13 of 2006 and amending paragraphs, and we started making the law in investor service and meet needs and stand on its problems, particularly with regard to the granting of the license, and the land, the killer and red tape. "

He added that "We are working to revitalize the industrial sectors, and trade, tourism, and prejudice that have contact with our Committee and the Finance Committee, and we are working on a host bodies and cooperation to advance the completion of the transaction."



He said Al-Harthy said that "routine in government departments and standards reason to delay the issuance of investment licenses, as well as the lack of proper economic policy, which would last the economy and economic development, the private sector, Shell fully", adding that "the central in the management of state institutions Affairs, reason Aatakhir and disruption. "

"The problems facing investors, is the work permits that are not valid, but a number of years, and the lack of access to land, as the territory of the state confined to the ministries, which closed the doors in front of them," stressing "the need for openness through more than one window to accelerate At the completion of work permits. "

He was a member of the parliamentary finance committee Masood Haider, announced on 17 February last, for a strategic plan for a period of 15 years to boost investment and to encourage foreign investors.

Said Haider's [where], that "the Federal Government's plan on investment with the National Investment Commission, as a conference was held in the last period and the development of a strategic plan for a period of 15 years for several stages related legislation and try to remove legal obstacles to investment and the fight against corruption and encourage foreign investors."




It is noted that, held in Baghdad on the fourth and fifth of February, the first international conference in Baghdad under the slogan [discreet investment law to achieve the goals of development and meet the ambitious investor] "in order to contribute to the improvement and development of the investment environment in Iraq was during the conference committee is formed to be a cell crisis to implement the recommendations and proposals in addition to overcome the obstacles related to the application of the investment law, as well as working on a semi-annual conference to follow up on reality investment and economic requirements. "


http://www.alliraqnews.com/2014-06-14-07-34-14/172621-2015-03-20-09-18-48.html