17/09/2011Specialists: Laws need to suit the investment environment
Being the key to the advancement of economic
BAGHDAD - Hussein Tgb Thummim
Although the trend towards the adoption of the investment project the broad advancement of the Iraqi economy, but the failure to achieve the objectives of this work, make a lot of votes in both the public and private resound to address the lapses of growth, after several years of work is fruitful, Valmidan Today's economic simulates economists in planning, legislation and industry, agriculture and services and other sources of financial funding which Atnill, because the walk trails scientific fit the economic reality of Iraq.
MP Hassan Khudair Chuird stressed the need to work to promote the infrastructure of the country in all sectors, pointing that the coming period will witness the adoption of mechanisms to enable it to create the right conditions to activate the fields of economy, which moved away on the roles that must be provided to the citizen.
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And he said in an interview (morning) we need to stand when the legislative environment that prevented the last years of the arrival of foreign and domestic investment to the field of local action sought by the country, noting that hundreds of billions of dollars needed by the country for the advancement of infrastructure and economic sectors, productivity and service, can not be provided through the budgets for annual financial go 80 percent of salaries, having doubled in the preparation of public sector employees than it was Before 2003 several times and this leads to the need for investments is able to bring in the money needed to bring economic revival, as well as the transfer of advanced technology to the country, which the world has witnessed over the past decades when Iraq was in isolation from the world, the results Tahedama for all fields of work, which descended gradually down to the stage of degradation, indicating that the results have been demobilized a lot of technicians and workers to slice Arphioa unemployed in large numbers, bringing the graph for the preparation of the unemployed, and the complicated problems of the Iraqi economy. Became the solutions need great efforts are related to the advancement witnessed by the economic sectors.
Chuird pointed to the existence of local competencies are able to build the stage of construction and reconstruction, which runs like the country, after creating the right conditions to attract investments, and before that needs to be a mechanism to encourage capital migrating found scattered in many countries, where these steps will encourage international companies to come to the field of employment in Iraq.
and a wide field of action
And appealed to the National Investment Commission that is working to provide all facilities for companies wishing to work in Iraq. And to have a more active role of the Commission in the performance of her job and find a real investment on the ground in Iraq up to the field of employment through the body, and works to benefit from the experiences of regional countries, which fought a test successful investment, through appropriate legislation and facilities investment business, adding that the country is field of work and wide to accommodate major international companies as well as local companies.
He pointed out the necessity of selecting management efficient economic institutions and services, and managed services by the competent authorities, each according to his field, in order to be able to adopt a planned strategy will lead to growth of the sector occupied by, for he was aware of and knowledge of appropriate mechanisms for the development of its sector production or service.
He continued, saying: You must plan a short, medium and long term, moving towards the events of sustainable economic growth, and there must be investment experts distinctive competencies in the public sector and private Iraqi university professors and specialized research centers for the selection of the best ways of promoting economic
study the legislation
In the field of legislation the appropriate legal expert said the legal Ahmed Royal: When talking about the activation of the reality of investment in the country, must stand at the legislative environment governing the investment process, which is the most important building blocks of reality investment, pointing out that all large global corporations and specialized has sections legal work on the study of legislation in the country that offers opportunities to work closely, and then up to the appropriate decision, noting that in Iraq there are no legislation legal suit and the reality of investment and aspired to by the international companies and Mahlahmn guarantees.
He added that the nature of the red tape and complications associated with the mechanism of action within the the country from entering the investor access to the box review, is one of the reasons for reluctance of employers of the country.
which requires us to review environmental legislation and the Investment Law No. 13 of 2006, and the National Commission for Investment to the day did not reach their work to the level of ambition. Here we must stand and diagnose the disorder and the adoption of steps to contain this important aspect.
the law of the flow of capital, said Royal: There are countries in the region adopted the investment business and today find it has achieved many successes in this aspect, and became the blocks economic characteristics, and find the line graphs for the growth of its economy continues to increase , which requires us to benefit from these experiences.
He stressed the need to have the House of Representatives a clear role in this field, and stands at the legislation of investment and the adoption of the best and that fits the current stage experienced by the country.
The country also lacks a law regulating the flow of capital to Iraq , and this is one of the determinants of the entry of foreign capital.
