Criticized for the lack of experience of the market economy from Iraq

May 26, 2013 15:31




Seeks specialists to develop the reality of Iraq's economic through the study of the legislation of new laws in line with the phase experienced by the country to shift from a centralized economy to a market economy, as it requires the transition phase - according to specialists - to make changes to many the most important changes in the Angels Administrative because it has an impact on the formulation of legislation and important economic laws.

According to experts also the legislators fear of collision with laws and administrative regulations that limit their powers in the legislation of laws and therefore, the laws begin to be incomplete technical aspects of making the implementation or application on the ground is not possible, and the best proof of this Investment Law 13 of 2006, which conducted by the amendments more than once.

attributed the academic economist at the University of Baghdad Essam المحاويلي the reluctance of Iraq's transition from a centralized economy to a market economy to the lack of a change in the Angels administrative they obstruct the transformation process of being secured system of centralized economy only and to not possess expertise in a free economy.

He said in a statement (of the morning) that red tape and corruption are two reasons Alhakiqian the deterioration of Iraq's economy, as well as a weakness in some economic legislation into law investment, for example, who underwent it a few adjustments in a short period while it was a duty that have contributed far in attracting many foreign investment companies.

For his part, the Registrar of Companies legal Adel Nassif: the Companies Act No. 21 of 1997 as amended the legal provisions that help to develop the legal framework for the beginning of the investment process through the establishment of businesses of all kinds.

He (morning) that its provisions also allow the opening of branches and offices of companies and economic institutions, foreign, stressing that the legal framework is the basic building block for the construction of Investment trusted, pointing out that the Investment Law No. 13 of 2006, as amended, and the regulations issued thereunder reinforce and complement it.

He pointed out that to say otherwise, and as it came to company law, it has the actual need to issue instructions for the purpose of facilitating the implementation of its provisions, which did not issue / unfortunately / Up to this day, except for instructions Mojtzih belong to one topic at a time when you need to explain and clarify the statement of procedures Many of the various provisions contained therein.

In the same context, the researcher emphasized economic Suhad virgins that Iraqi law firms still works in a central system, as well as that it limits the freedom of action of the private sector in the development process.

Said in a statement (morning): spiritual central system controls most of the Iraqi laws economic so that اتترك a sufficient room for the freedom of the private sector and other covalent activities, to move smoothly, and that most of these laws do not allow the establishment and the establishment of relations of partnership between public and private sector framework is true, because the Companies Act still take into account the dominance of the state sector of the economy in all his joints.

added that some administrative regulations, instructions, and even laws make a number of lawmakers fear the intersection of those regulations and overlap with each other, causing deficiencies evident in the enactment of an integrated easy to implement and apply it on the ground and to serve the process economic development in general.

Athari demanded to discuss the proposed amendments to the Companies Act through workshops and seminars held between economic occasional and send notes to a group of parliamentarians for the purpose of discussion and inclusion within the proposed economic laws for the purpose of legislation and to serve the economic process.

Meanwhile, Chairman of the Board of Trustees called for Iraq gathered 2020 Anbure the competent legal departments to deal seriously with the laws of economics studies, carried out by the assembly.

The Anbure told (morning) that what matters to us is to take the studies and observations on the laws their way into legislation and not deposited in the inclusion of offices responsible under the shadow of political pressure, and said he would be futile of these papers unless take chance of the debate seriously with the decision-makers.


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