Economists Congress: political problems constitute an obstacle to the entry of investment companies .. The investment law is still not encouraging

Date: 10/02/2013 13:19:34 Sunday



Baghdad (news) / report / Hussein Faleh / .. Despite the large number of foreign companies investing wishing to enter the Iraqi environment for the purpose of investment, but there are a number of obstacles stood barrier to entry of those companies of the country, including security and political situation is stable in the country, as well as routine long boring and difficult obtaining land and leave the banking system, all factors played a key role to impede the investment process in the country.

The new number of deputies and specialists in economic affairs demanding parliamentary blocs to end political differences through peaceful means and dialogue, to support the investment process and the national economy.

Calling on during the talk (of the Agency news) to the importance of amendments to certain paragraphs of the amended Investment Law No. (13) for the year 2006, the format serves the investor and guarantee their rights.

The British trade minister has urged his country's companies to come to Iraq for the purpose of work and investment, while the Minister of Transport and Construction German affirmed his country's desire for companies to enter the Iraqi environment in which to invest.

Rapporteur of the Committee on the economy and investment MP / coalition of Kurdish blocs / Mahma Khalil, warned: the continuation of internal problems and political differences between the parliamentary blocs because it will affect the growth of the national economy and make Iraq repellent environment for investors.

Khalil said (of the Agency news): The political problems prevented take advantage of the economic potential enjoyed by the country and the promotion of all its different sectors, and contributed to reluctance of foreign investors to come for the purpose of investment.

He added: that the Iraqi government claim to resolve all differences and end the crisis to exploit the economic fundamentals owned by Iraq and restore its prestige and reputation international security through open channels of economic and strengthen economic and trade relations with the countries in the world.

Confirmed: that Iraq is on the verge economic renaissance great if provide political atmosphere stable, due to the presence of several advantages including owns proportion (25%) of the total global energy and geographical location of Iraq, as well as natural resources, human and mindsets and capabilities age, this all will make Iraq an environment attractive to investment companies in the country.

While said a member of the Committee on the economy and investment MP / National Alliance / Ibrahim Rikabi (of the Agency news): The major international companies and discreet ready and متهيئة to work and invest in Iraq, but hesitant at the same time to enter because of political problems and red tape and obstacles facing the investment process in the country.

He added: that the government and the House of Representatives calling for developing solutions to end political differences and eliminate obstacles and constraints faced by the investment process to attract international companies to work and invest in the country.

For his part, member of the Committee on the economy and investment MP / National Alliance / Hussein Mura'bi, that the unstable political situation and the problem of land titling promise of the most important challenges facing the investment process in the country.

The Mura'bi (Agency news): When an investor looking for investment guarantee of his money, and the best ways to guarantee for him ownership of the land who intends to implement the project as it is in most countries of the world.

He added: be directed Cabinet during the previous period to overturn (581) of the resolutions dissolved Revolutionary Command Council is a bold decision and Saeb because it will contribute significantly to ease obtaining State land and titled to investors willing and investment will push the wheel of the investment process forward.

The Council of Ministers announced the cancellation decision (581), one of the resolutions dissolved Revolutionary Command Council on land belonging to the state.

As a member of the Committee on the economy and investment MP / coalition in Iraq / Nora البجاري, noted: that the Investment Law No. (13) average for the year (2006) is still encouraging investment in the country and the need to amendments.

Said البجاري (of the Agency news): The political crisis taking place in the country prevented amend the investment law, made sporadic meetings between members of the committees of the parliamentary and ministerial economy about it.

And confirmed: that its proposals had to modify some of the paragraphs of the law and held meetings with the National Investment and Economic Committee of the Council of Ministers and the National Business Council to discuss the proposals to amend the law.

She added: that the political crisis and internal problems made stranded meetings and obstructed the process of amending the investment law, asserting that the continuing political problems will harm the national economy because of politics, economy Taman not separated for some.

The National Commission intends to invest amend the investment law encourages international companies to come.

The head of the National Investment Commission Sami al-Araji: the intention to hold many amendments to the Iraqi Investment Law for the year 2006 to give better opportunities for investors to bypass cases lag faced by Iraq during the last period, including allowing foreign investors to work leave investment once issued, and the establishment of a national fund for investment to fund large-scale projects . / end / 8. n. p /


http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.ikhnews.com%2F