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America and Iraq are seeking to create a favorable environment for business

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America and Iraq are seeking to create a favorable environment for business Empty America and Iraq are seeking to create a favorable environment for business

Post  Admin Wed Feb 20, 2013 1:42 pm

02.19.2013



Inaugurated the U.S. Embassy in Baghdad through the U.S. Agency for International Development (USAID) and in cooperation with the Iraqi government and private sector representatives, the second phase of the project solutions Iraqi administrative reform and regulatory insistence on Nahrain University.

A statement by the U.S. embassy in Baghdad said Tuesday that "The inauguration ceremony was attended by Thamer Ghadban Chairman adviser to Prime Minister, and Thomas Stahl Director, Office of the U.S. Agency for International Development in Iraq."

And added that "the project seeks to create a diversified economy and competitive in Iraq working on attract investment and create jobs by streamlining and cancel regulations that hinder the movement of economic growth, especially in the areas of establishing companies and issuing building permits, import and export. "

And noted that "Mission Director U.S. Agency for International Development Thomas Stahl stressed the importance of the project by saying that what we see here Today is an important step on the road to cooperation between the United States and Iraq in order to help Iraq to create a favorable environment for business that facilitates private sector economic growth and is working to create jobs. " said Ghadhban on this occasion that "the proposed {insistence} is a national must be made all efforts to ensure its success, and this success will lead to raise the profile of the Iraqi economy in the world. " project was {insistence} has made ​​the first package of recommendations in December amounted to 133 recommendation specialized aims to simplify procedures for establishing business in Iraq, which in turn lead to improve the status of Iraq in the World Bank report on business, and will lead the recommendations made ​​by the project to reduce the time required for company registration process from 74 days to four days, The Ministry of Commerce implemented a number of recommendations made ​​by the project, as has canceled some unnecessary regulations,

The project is expected to spare the Iraqi economy more than one billion dollars over the next five years in the event of the implementation of all the recommendations, and project is part of efforts by the U.S. Embassy to help Iraq to increase economic opportunity and prosperity as the contents of the strategic framework agreement.


http://www1.alforattv.net/modules/news/article.php?storyid=85852

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