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Allawi talks about "protective" measures for the national product and confirms: Our markets are flooded with foreign goods
economy Since 2017-04-29 at 20:14 (Baghdad time)
Baghdad - Mawazine News
Vice President of the Republic Iyad Allawi said on Saturday that the lack of "protectionist" measures of the national product has caused the dumping of foreign goods, while stressing that corruption and political instability caused the expulsion of investments and the flight of national capital.
Allawi said in a speech during his attendance at the first annual scientific conference of the Iraqi Economists Association, conveyed by his media office and received a copy of the "Mawazine News" that "the policy of strengthening the dominance of the public sector and the continuation of central planning has been unable to meet the national needs in the fields of agriculture, industry, trade and services, Private stumbling block. "
"Oil revenues have gone as salaries for millions of employees and for the war on terror to be sustained without making a difference in economic structures and structures, while the lack of protectionist measures for the national product has plunged markets into foreign goods," it said.
Allawi said that "corruption and political instability caused the expulsion of investments and the flight of national capital, while the monetary policy directed money to the auction of currency and smuggling away from supporting projects."
He explained that "financial and administrative corruption contributed to the loss of the bulk of the loans of government and international initiatives, and caused the government's failure to meet obligations to companies and contractors in bankruptcy and the collapse of many companies and projects promising, and the decline of the middle class, which is the foundation of the advancement of society and the State." 29
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economy Since 2017-04-29 at 20:14 (Baghdad time)
Baghdad - Mawazine News
Vice President of the Republic Iyad Allawi said on Saturday that the lack of "protectionist" measures of the national product has caused the dumping of foreign goods, while stressing that corruption and political instability caused the expulsion of investments and the flight of national capital.
Allawi said in a speech during his attendance at the first annual scientific conference of the Iraqi Economists Association, conveyed by his media office and received a copy of the "Mawazine News" that "the policy of strengthening the dominance of the public sector and the continuation of central planning has been unable to meet the national needs in the fields of agriculture, industry, trade and services, Private stumbling block. "
"Oil revenues have gone as salaries for millions of employees and for the war on terror to be sustained without making a difference in economic structures and structures, while the lack of protectionist measures for the national product has plunged markets into foreign goods," it said.
Allawi said that "corruption and political instability caused the expulsion of investments and the flight of national capital, while the monetary policy directed money to the auction of currency and smuggling away from supporting projects."
He explained that "financial and administrative corruption contributed to the loss of the bulk of the loans of government and international initiatives, and caused the government's failure to meet obligations to companies and contractors in bankruptcy and the collapse of many companies and projects promising, and the decline of the middle class, which is the foundation of the advancement of society and the State." 29
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