Production file in the custody of private sector

5/16/2015 0:00

Experts suggested urgent mechanisms to activate
BAGHDAD - Shokran Fatlawi

"The proposed measures for the development of the private sector" organized by the progress of policy development institute presence of a group of experts, businessmen and officials seminar focused on the importance of activating the productive sectors of the economy to encourage domestic production in order to provide hard currency which goes to imports.

And the effects of Institute Director Dr. Mehdi al-Hafez, in the seminar which was attended by «morning» debate on the great challenges faced by the Iraqi economy due to the current situation because of political differences and the consequences of aggression (Daash) terrorist at a time when state resources declined due to fluctuating oil prices and decline.

For his part, Dr. Asher. Mahdi Keywords Director of the Office of Prime Minister aspects in which they can activate the output through a proceeding in relation to the window on the basis of laws and work on standardization, especially with regard to agricultural ones to ensure the rights of peasants and farmers and work on the inclusion of amendments to the investment law so as to ensure the expansion of agricultural investment activity series.

Keywords and the importance of the establishment of vital projects and small public welfare associations and companies with investment and re-expansion of the cultivation of industrial crops such as cotton, sesame and sunflower, as well as the promotion of marketing wool and leather to local factories and abroad.

And alluded to the importance of hard currency to provide for the country through the promotion of the gross domestic product of agricultural crops and not to go the money for food imports that could be produced locally not to mention the importance of re-work run poultry both types of project (table eggs and meat production), through the integration of projects starting from the production of chicks and then education and fattening and then marketing to specialized massacres.

And on the trends concerning the industry axis Acharalalaq to the importance of starting the selection of industries that materials preliminary available locally Kalsnaat construction of b (cement, plaster, bricks, blocks, tiles and other) for the purpose of reducing hard currency leakage accompanied by selection and qualification of the food industry, which attracts the largest of the workforce number To reduce the unemployment updated with these industries to reduce costs.

And instructed the need to focus on the comparative advantage which adds to GDP higher value and can compete industries was accompanied by the need to support small and medium industries, especially feeder large-scale industries to provide more job opportunities.

With regard to the banking system Keywords hinted to the need to develop the banking system to serve the industrial sector, especially in the establishment of joint ventures between industrialists and investment banks and the amendment of Article 28 of the Banking Act to allow to enter the large investments after the privatization and sale of projects exclusively for industrialists. "

In conclusion, Dr. Mahdi Keywords his reference to the importance of applying industrial Investment Law No. 20 of 1998 which provides for the "industrial exempt from the secretariat of the capital and municipal fees" as well as allowing open civil quality laboratories of specialists to relieve the Central Agency for Standardization and quality control is accompanied by the establishment of a development bank managed far from the mentality of red tape and bureaucracy and an effective contribution of the private sector not to mention the importance of forming an industrial Higher Council with the Ministry of Industry and professional associations to resolve the intractable, headed by the Minister of Industry to follow up on the problems facing the sector and overcome the obstacles problems.

For his part, pointed out Dr Majid picture that the presence of US $ 5 billion in banks could have an economic revolution and change occur all the features of the Iraqi economy in the event of having the ability to use the money and those who will be allocated, indicating the need to identify the private sector methodology Is it a free market economy or the economy of a social market or a socialist market economy?

That the economy is not a parasite market.

With the exception of expert willing Blibl seminar the opportunity to review the subject of the team that was formed for the task of developing the private sector, pointing out that the current stage requires swift action to give effect to these recommendations.


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