Industry: to adopt mechanisms to suit new realities

Industry: to adopt mechanisms to suit new realities

25/6/13 12: 00 am

Bless the emancipation of Iraq from Chapter VII

Baghdad-Hussein thghb Al-Tamimi

In the first positive reaction on exit Iraq from Chapter VII Park industrialists and his enemy is a positive step towards the return of life to industrial activities.

It has demanded the Iraqi industrial President Abdul Hassan shammari in exclusive interview for (morning) to adopt new work mechanisms commensurate phase of liberation from the provisions of Chapter VII, which reduced industrial activity for a long period of time.
Close cooperation

He said the next stage requires both public and private and professional organizations with regard to work in the industry that dictate him new phase, there will be freedom in dealing with major international companies in various industries, especially that most of these companies have a great desire to work inside Iraq from the fact that the country has elements of industrial development as well as the market for most products, this is positively can employ to achieve rapid economic development in the various industrial activities.
Industrial attractions

Shammari said that Iraq's geographical location is in the direction of industrial attraction, global industrial companies where you can connect to the polar world across Iraq that represents the shortest routes connecting western and Eastern hemisphere, having liberated the country from Chapter VII major economic forces will be in Iraq and work in various fields, pointing out that these companies need large strategic projects to Iraq cannot be carried out away from the global effort.
Natural wealth

He noted that industrial attractions available in Iraq widely in all governorates with natural and human resources that could be used to service the joints of the production, stating that the Iraq's southern regions have special industrial elements matched by the Western and Northern regions and Eastern each riches can be exploited after freeing Iraq from Chapter VII.
Free disposal of funds

A number of specialists in financial affairs has noted in interviews that the exit from Chapter VII granted greater freedom to act in Iraq, and this requires clear action enact governing the industrial and agricultural sectors of the economy and the financial sector, tourism and services and there is plans for short-, medium-and long-term, especially because the country has a budget of this magnitude.

He is also interested to exit Iraq from Chapter VII would revive international relations with Iraq and restore confidence in the economy and thus have a strong attraction for global companies looking for capital investments.
Partnerships
Industrial expert told Nadin: out of Chapter VII requires urgent stop to the financial sector, especially the banking sector which will be as soon as the beneficiaries of the entry of the global financial market and wider doors.

He noted the importance of the opportunity and developing the sector both through public and private partnerships and building relationships with leading international banks. It is time for the banks to develop electronic systems and method of work and instructions of all thinking and management as well as expand the network of branches inside and outside Iraq especially in States that have a strong trade with like Turkey and China, Saudi Arabia, South Korea, Iran, Russia and others. Where there are no banks have existed. No legal impediments, not political and not economic sanctions still today prevent us from communicating with the world.

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No legal impediments--that sounds really nice.
Thanks
LIT