Iraqi Businessmen Union: the Iraqi market is promising and the purchasing power of large

by **Rocky** Wed 13 Aug 2014, 9:32 am

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Iraqi Businessmen Union: the Iraqi market is promising and the purchasing power of large

by Rocky Wed 13 Aug 2014, 9:32 am

Iraqi Businessmen Union: the Iraqi market is promising and the purchasing power of large

The head of the Iraqi Businessmen Union Reza Ragheb Blibl that the Iraqi market is promising and significant purchasing power, and you need to be there are companies that take it upon themselves to investments in various sectors shall not be limited to the trade process, and other acts of a quick profit.
He added Blibl said in a statement seen by the Agency for News News (et) that the security situation and lack of clarity of some of the laws and the lack of an administrative efficient and transparent depends on the achievement of rapid, led to a slowdown and the lack of draws global companies toward Iraq, especially now that the security situation plays an important role in attracting foreign companies, he says.

He stressed that investment in productive projects in Iraq weak for foreign companies, either limited to the actual orientations projects with rapid returns, such as real estate and shopping malls and trade, noting that his union work encourages partnerships between domestic and foreign companies.

And between Blibl that the private sector would prefer that there be local partnerships with foreign, as the article (15) of the Investment Law gives privileges to foreign companies similar to the privileges of Iraqi companies similar, either because there was a partner of Iraqi nationality, the franchise will be the biggest for a foreigner, which is profitable for foreign companies include exemptions for a period of 15 years, As for the trade agencies have said President of the Union that a large number of them went to companies global task given to companies non-Iraqi to set up its business in Iraq, in spite of the decision of the Council of Ministers, which prevent agencies for businesses overseas and to be exclusively on the Iraqi nationality, but there a slowdown in the application of laws and resolutions, calling for formation of posts during the present time. ended

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