Iraq: competitive industrial complexes to diversify revenue

Iraq: competitive industrial complexes to diversify revenue




BAGHDAD - The Journal News

User suggested in Baghdad Economic Forum Amer Jeweler, walk down the effective and professional and flexible industrial implementation strategy until the year 2030, which provided for the achievement of a national industry compete regionally and globally based excellence, creativity and achieve a diversified economy, and create employment opportunities using resources effectively and efficiently and responsibly.

He noted in an interview to the newspaper «life», that the implementation of the strategy «requires the construction of the core of industrial clusters competitiveness based on large integrated industrial facilities with local and global value chains, and the creation of an effective and stable working conditions allow the existence of private enterprises and growth». He stressed «the importance of improving industrial infrastructure and knowledge, and the adoption of appropriate corporate governance system that supports the implementation of the strategy.»

Facing the industrial sector in Iraq, the most important problems of the inability to compete with imported goods, which do not carry the quality specifications and interference in various forms and from many outlets, as well as the lack of protection mechanisms for a real national product.

He said the jeweler, the possibility of «the formation of a competitive observatory in a simple later stage». He stressed the need for «continuing campaign of rehabilitation and development of factories that have already been carried out by the Ministry of Industry and Minerals, and operation of the laboratory professional and rigorous and feasibility of procedures, in order to be able to produce the maximum energies available targeted design capacity, taking into account the financial capabilities available and the fact that any development in the production and marketing aspects, will contribute to the achievement of additional resources. » Did not lose sight of the importance of taking into account the «priority sectors and feasibility of development, with the adoption of the work already prepared public companies in the Ministry of Industry and Minerals, and improve the ability to market production, competitiveness and protection plans in the local market.»

He suggested that the Industrial Coordination Council «take to change the work of the boards of directors of industrial public companies and machinery components, in order to assume their responsibilities in improving the performance and profitability of their companies, and the introduction of representative sectors of private activity is a member and by activity, with the move to change the principle of separation between management and ownership, liberally boards of the authority of the Director-General to address this legislation. » He recommended to «increase the private sector institutions in the Industrial Coordination Council representation». He stressed the need to «use of the Ministry of Industry and Minerals Council of advisers of retired experts and owners of competence and concerns sector, in order to be approved advisory arm of the Minister and the Council of Industrial Coordination and the system of industrial, and to participate in the monitoring of the plans and activities of the ministry and the industrial sector and evaluation, and follow up the implementation of decisions».

The Union of businessmen and the Center for International Enterprise systems workshop program dialogue between decision-makers of the private sector, and put forward which frankly means the economic backwardness of bureaucracy, corruption and legislative intersections governing the work, which creates an occasion to attract investment in all sectors of the work environment.

The focus of the dialogues in the workshop, the need to create realistic solutions to the problems of the economy, especially the elements of economic development are available and can be achieved in some sectors in the form of fast, in the event of work systems in which, especially in the agricultural and industrial sectors. Turning to the reality of the banking sectors, investment and agriculture, as well as industry, construction, infrastructure, trade, business and tourism, as well as working to mobilize efforts to develop the sector and industrial production projects, and stand at the weak capacity and detect corruption and thinness infrastructure and the lack of strategic planning, low levels of implementation and low control mechanisms.

They stressed dialogues to address the problems of development and the achievement of economic reform and national liberation from terrorism and get rid of corruption and strengthening national unity, and the diversification of national production. It did not overlook the subject of convergence between banks and investment and the importance in the recovery of the economy. It considered that it is necessary to take the private sector role in economic development and to do the role of the Industrial Bank. She pointed to the importance of productivity development and direct loans to achieve economic feasibility.


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