Punitive : the economics of the world stood up thanks to the private sector

2/8/2014 0:00

Baghdad morning

The head of the International Federation of Business in Iraq d . Hamid punitive to the necessity of thinking and research to solve the problems facing the Iraqi economy in general and the private sector and a special supplement about the partnership between the two sectors in order to build and develop the economic reality .

He said in an interview for " morning" that the solution lies draw a clear road map of the path of the economy are moving to the stage of involving the private sector, a key partner of the public sector in economic development .

Pointed out near the ratification of the rights of the private sector , which was adopted international experiences with the participation of economists in this area , which would make him legally integrated and guarantor of rights , pointing out that global economies were able , thanks to the advancement of the role of the private sector.

He stressed the importance of everyone's participation in the overall development process , noting that the world is based on competition and challenges, and depends on the acceleration of reforms required and update the regulations and legislation, economic , financial, tax and provide a better environment for investment in order to raise the efficiency of the performance of the private sector. Noted the importance of the legislation of laws that facilitate the entry of foreign investors and their contribution various service sectors and eliminate red tape as well as the need to improve the banking sector in a way that helps to attract capital and investment in the country.

should be noted that the state is seeking to develop the economic reality in general and the private sector in particular, and enable it to contribute to increasing the size of the GDP through the restructuring of a large number of companies owned by it in a move aimed at reducing dependence on the public sector and seek to create an economic environment that enables the private sector to expand and restore the competitiveness of state-owned enterprises and encourage them to achieve self-employment .

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