October 1, 2010Economists critical of the Investment Law and call for the Amendment ...
Baghdad, Iraqi economists called Iraqi Council of Representatives amendments to the investment law, asserting that the Act need to be changes "radical."
He said economic Dokhi Tahir told the Kurdish news agency (Rn) that "the investment law in its current form requires radical review, because it did not lead to the strengthening of trust between the government and Iraqi investors, especially with regard to the subject of the ground."
He explained that "the investment law, proceeded in a hurry because of the large momentum of the laws in the previous parliamentary session" Required to be aware, "Review of the seriousness of the law."
He added that "Iraq is a breeding ground for investment, but the impact of this law, political changes may impede the bringing global investment firms."
For his part, Ayed's economic cactus (Rn) that "the investment law, he wrote, seems only to foreign investors, local investors are ignoring the obvious in most of the paragraphs."
He pointed out that "This law" requires an amendment to encourage national investment. "
He explained that "public investors, whether foreign or local, are afraid of the work according to the formula law in this way, for failing to provide solid protection for the continuing implementation of its projects."
He Ayed "We hope that the current parliamentary session will be more serious and interactive with investment projects and seeks to protect the investment of funds."
And formed the National Commission for Investment in 2007 after the issuance of the new law to invest in Iraq.
According to the law are responsible for all strategic investment projects of a federal nature exclusively, while the regional and provincial bodies responsible for investment planning and granting investment licenses in their areas.
