********* Economic Forum morning .. Carnival to support and activate the private sector

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1/25/2015 0:00



Participants stressed the importance of banks and investors to move the production wheel


 Baghdad Haider virgins Isra Samurai

Form Economic Forum morning, which was held yesterday, with wide participation, represented various economic sectors, public and private, a springboard towards the advancement of various productive non-oil sectors, especially investment banking, as well as confirmation of the participants on the importance of amending the legislation of some of the laws able to facilitate the work of the private sector .

Referrals and accompanied by "advocated by the participants in the morning meeting place" in order to revive the production facilities in the country, claims another stressed the activation domestic product protection law, and reduce imports, in order to provide an opportunity to revive the national industry, thus enhancing the state's resources.

 And ensure the event, which saw the formal presence high-level, as well as the wide participation of the public and private sectors, to discuss three working papers, related to the first banking sector delivered bank manager industrial Kazem Mohammed fistula, while loaded second paper topics in privatization House of Representatives member, Dr. Mehdi al-Hafez title and the last card was the head of the Investment Commission of Baghdad, Shaker Zamili and carried the title of the investment process in Baghdad, achievements and challenges.




Treatment of lower oil prices


Advisor to the Prime Minister, Walid al-Hilli, said during a speech at the forum, said that "Iraq Aausband financial crisis, but facing financial hardship, requiring economic reform, especially after the drop in oil prices, which impact directly in the case of security and economic stability in the countries of the world in general , private and Iraq.

 He suggested ornaments, the need to support the economy of the free market, and the formation of a mixed economy, for the investment process support and revitalization, stressing the importance of the role of banks and support soft loans low interest rates and the exploitation of the frozen funds in banks in the revitalization of the market, through new projects or soft loans given to the beneficiaries of the benefits of medium.

 He pointed government adviser, the need to go to the development of the agricultural sector to ensure food security, and meet the needs of farmers, as well as the restructuring of the Ministry of Industry and Minerals companies, as well as the establishment of an oil factories petrochemical and invest oil and gas wealth properly through the application of the oil law and gas.

 He ornaments proposals certainly the importance of supporting the electricity sector, through the creation of dams to support energy and industrial cities for the advancement of the national production, in order to reduce the import process of goods from abroad and support the local product, stressing the importance of investment in the telecommunications sector through the frequency spectrum, in addition to the limit of currency smuggling operation.

 He urged the ornaments, to take into account the re-tax structure and fits in with the government trends, as well as address the unemployment crisis in the country and the development of supporting Iraq Stock Exchange and the abolition of unnecessary spending in some ministries, as well as the tourism sector support because it represents a great importance for the country.


Iraqi cooperation French


For his part, praised the President of the Economic Section of the French Embassy in Iraq, Philip Ghali, on the sidelines of the forum, the role of the media network and newspaper morning in support of the national economy, stressing that Iraq and France have roots in economic relations through projects carried out by the French side in some provinces of the country.

He noted that the Minister of Transport will visit France early next month, in order to hold meetings with officials there to negotiate on several projects in Iraq.

 He added that the French side is ready to receive the head of the Supreme National Commission for Investment in Iraq, Dr. Sami al-Araji, and a number of investors to negotiate the establishment of major investment projects in Iraq.




Industrial development plans


In turn, drew the bank manager industrial Kazem fistula, the need to participate in the establishment of industrial companies, especially after proving the technical and economic merits, stressing performing procedures IPO industrial companies and the development of plans and curricula for industrial development with the concerned institutions and provide advice to the industrial sector in their respective fields.




Transfer ownership of state-owned companies

The paper focused Dr. Mehdi al-Hafez, the importance of transfer ownership of state-owned companies to the public and workers, as well as its emphasis on long-term rental assets owned by the government according to the rules protect the public interest and the national economy, as well as assigning the private sector and government services by contract and the obligation to protect consumers and the principles of national development .




Investment challenges


She summarized the paper Chairman of the Investment Commission of Baghdad, Shaker Zamili, some of the challenges of investment in Baghdad faced, which was considered "non-government departments commitment to making all the terms of the Investment Law in Baghdad" at the top of these challenges, as well as the lack of a banking system that supports investment projects and facilitate the movement of funds to and from Iraq.


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