Specialists: the economic transition in Iraq needs to re-examine the laws investment

September 9, 2014 9:22



Despite the existence of legislation and legal march paint work and investment in the country, but experts stress the importance of creating an ideal environment to facilitate the smooth flow of legislative implementation of the business without any limitations or intersections with the old laws, and work on reducing its laws that fit the economic transition towards an open market economy. Former member of the House of Representatives Abdul-Abbas Xiaa called for a reform plan for the economic legislation in force and that impede the transition to a market economy in line with the political and economic transformations in the country. He said, according to the newspaper "morning" about "economic reform next" urge the need to be placed in the government program specific and deliberate steps to facilitate the transition process.

Granting powers

And Asharchiaa to the importance of granting the provinces more powers as stipulated by the constitution to enable it to discharge its new responsibilities and preparing the federal budget under the new law, where you get transfers to the allocations of these ministries to the provinces, as well as a curriculum that includes a mechanism for coordination and cooperation between them in order to get on the move with Slim rehabilitation of all circles corresponding Mahafezat.obin during an economic seminar expanded the importance of human resource development, including addressing all the gaps that you might get to contribute to the success of administrative decentralization and empowerment circles provinces to carry out their new responsibilities and the success of this experiment in how to manage the country's affairs according to the new trend charted by the Constitution, pointing to the importance of work in accordance with Article 21 / II, which provides for the allocation of $ 5 dollars for every barrel of a product or repeater in the producing provinces and 150 m3 of gas produced in the (petro-dollar project) alluding to take into account the balanced development of different regions of the country, according to Article 122 / First of the Constitution.

International Development

He Xiaa that the Constitution guarantees the process of reforming the economy according to modern economic bases at both the legislative and executive pointing out that the board of advisers and the support of the American Agency for International Development launched the Legislative Reform Initiative (determination) to update policy, legal, regulatory and improve the framework tools legislative policy of the business environment and the abolition or update legislation Iraq, which is not consistent with the legal practices for encouraging a market economy.

Strategic framework

Xiaa between the importance that the curriculum includes Ministerial new economic giving priority to the strengthening of a diversified economy by improving the provision of electricity for industry and business and the development of workforce skills, knowledge and expertise and the promotion of infrastructure for transportation and increase agricultural production and livestock, pointing to the rehabilitation of industries owned by the public and private sectors and to prepare to join the World Trade Organization and rehabilitation facilities and tourist areas.

Rules stage

Xiaa pointed out that the economic laws that the inability of the previous parliament for legislation moved to the current parliament, including oil and gas law and the law of the infrastructure as well as the law of economic reform and the second amendment to the Investment Law 13 of 2006 and the federal budget law for 2014, as well as the law of the establishment of a public body to monitor the allocation of federal revenues based on to Article 106 of the Constitution.

Axes program

It should be noted that the economic reform program, the government included several axes, including discussion of economic laws the task that the inability of the previous parliament for legislation and deported to the current session and the new government and the National Development Plan 2017-2013, as well as the vision of the new government and administrative decentralization and how to deal with the second amendment to the law 21 for the year 2008 "Law governorates not organized in the territory," accompanied by the curriculum Ministerial Economic previous government from 2014 to 2010 reform plan economic legislation in force and that impede the transition to a market economy as stated in the general framework of the program as well as increased oil and gas production to improve financial sustainability, as to be reviewing frameworks legislative and regulatory list of economy, security and social affairs and propose new laws governing the work of these sectors.


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