Monday, April 26, 2010

Iraq Transitioning to a Free Market Economy ... (different source) ...

April 26, 2010

The government is considering a draft law for the transition from a socialist economy to a market economy

The Iraqi government announced that it was currently studying a draft law on economic reform will contribute to increase the productive base of Iraq.

Secretary-General of the Council of Minister Ali al-Alaak said on the sidelines of the meeting organized by the General Secretariat of the Council of Ministers to study the project, the board of advisers in the Cabinet was prepared in cooperation with the United Nations economic projects will occupy the priorities of the next parliament.

And Keywords that the meeting between the United Nations and Iraq to study the draft law of economic reform in Iraq, is the cornerstone for economic development on the foundations that are consistent with the new Iraqi state.

He explained that the law will restore the structure of the Iraqi economy in accordance with the requirements of the transition from a centrally planned economy, public economy to the private market to ensure the expansion of the productive base of the Iraqi economy for adoption of free market mechanism.

Radio Nawa