The contribution of the private sector in GDP weak

The contribution of the private sector in GDP weak



12/15/2013 0:00

Hafiz: Required effective dialogue and fair competition to achieve
BAGHDAD - Shkran Fatlawi
recommended an economic seminar hosted by the Institute for the progress of the development policies need to develop the private sector and investment in Iraq and because of a sense that the national economy is still burdened with many restrictions and to make it a sector productive and competitive and expand its role to become a contributor to the largest in the creation of GDP It seeks to create jobs and reduce the dominance of unemployment.
economic expert d. Mehdi al-Hafez said «morning» on the sidelines of the seminar is still balance disturbed between the private sector and the public sector and up to a large, pointing out that the economic structure of the state became requires primarily to enable the private sector to play a leading role in the economic life.
added to address constraints in the private sector need to create a work environment encouraging and that the absence of strategies and effective policies to support the private sector with a legal framework is complex and is designed for a national economy, state-run as well as weak energy equipment and the lack of experience with human resources - the lack of transparency in the system of public procurement - the absence of an effective dialogue between the government and the private sector and the existence of competition is fair between the two parties - a lack of interaction with the global developments, particularly in the fields of various economic - practices are disabled in the field of ergonomics, registration and other as well as the coupling of these constraints by factors other serious Cguiab security and stability and the spread of terrorism, which led to the suspension of some projects.
stressed that the process of development of the sector Special became a big task and a gateway to the events of the desired change
through diversification and the development of economic sectors, non-oil processing roadmap effectively contribute to the diversification of the national economy as well as the need to establish a Council to encourage the private sector and development similar to what is under way in the neighboring countries as well as the need to create an atmosphere and effective assistant for the development of investment in the country as a factor necessary to create the appropriate environment for the development and economic reform, pointing out that Iraq has not seen a significant change in the investment field so that some saw as a tool of colonial and mode of foreign influence in Iraq.
concluded Hafiz his reference to the need to build an environment suitable investment in the country by amending the investment law and to provide the necessary means to facilitate the work of foreign investors, both in terms of administrative, economic and security, similar to what is happening in the world and a special China, Vietnam and India
was able upgrading through extensive investments wishing to achieve this Amani big in the future and make it a reality in the economic life.
concluded the seminar need to take a set measures aimed at the advancement of economic reality and the removal of restrictions on the investment process and improve the efficiency and productivity of other sectors on the basis of sound and strengthen institutional work for the state and renounce controls sectarianism and the formulation of economic policy and effective national and proceed in this way and create the atmosphere to end the crisis in the country, especially the political and economic crisis.

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