Parliament calls on citizens to provide financial and legal protection for the private sector

Monday 25 مايو 2015 | 09:13 صباحا


Baghdad /...daa MP for the Bloc citizen Mohammed al-Masoudi, Monday, to provide financial and legal protection for the private sector to promote him and Iraq can emerge from the current economic crisis.

He said al-Masoudi in a statement received "eye Iraq News," that "the Iraqi economy will not recover from the crisis experienced by now due to the fall in world oil prices unless stimulate the private sector and promote and provide financial and legal protection has to be helping the government of the economy and contribute to the revitalization of the local market and moving the operation of the labor market and unemployment among young people scattered in abundance. "

He added that "the Iraqi government to provide financial and bank guarantees enactment of the Protection of National Industry Act, and amend the Iraqi labor law provides guarantees for Walid Iraqi working for the owner," stressing that "this matter will contribute to the recovery of the domestic market and adequate to move the work of investment", adding that "The last opinion polls and studies confirm the high unemployment rate to more than 55% among young people under the age of 25 years."

He added that "There are indications confirm loss or closure of more than 45% of small and medium businesses in the private sector for several reasons come in the forefront of the security situation and draws young people and labor to fight in addition to the economic recession and low consumer confidence in general economic-policy which requires rapid intervention."

He pointed out that "Parliament is working on issuing a bold and important decisions in this matter will have far-reaching consequences on the private sector and the Iraqi economy," .

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