Free zones attract capital

Free zones attract capital



5/31/2017 0:00

Created the turn of the economic recovery
BAGHDAD / Hussein Tgb
Moving the economy and the development of the presence of joints require advanced international effort in Iraq, which can be lured from the safe free zones that arise at border ports or roads, next to the international fast and its role in attracting funds and advanced technologies headers that rapid development in all aspects of the economy occur.
Mechanisms of
economic expert Haider Haboubi said that the establishment of free zones carries a lot of pros on all aspects of the production and service of the Iraqi economy, pointing out that the world has witnessed great development in the mechanics of the work and achievement, which moved away Iraq by the inability to communicate and contact with the international effort developed for a period of long.
He added that incentives to work in these areas is to provide great facilities for investors in the field of tax and customs duties on various inflows of raw materials in the manufacturing process exemptions, which encourages investors to work within these areas Fiel factories and trade. Support either the concerned economic affairs Haider Kadhim al - Baghdadi has pointed out that the most important elements to attract major specialized companies worldwide is a market for manufactured goods in these areas, noting that Iraq is in dire need for such a position to provide support to the productive sectors of areas, as well as detailed services which to It suffers a significant deterioration in decades of time. He pointed out the need to be set up these areas near the border ports for easy reception of raw materials and the export of manufactured goods inside, can also be a springboard for world markets in the West and East Point because Iraq is the closest point of communication between the poles of the world. An economic challenge to the competent financial affairs in Ali al - Zaidi said the free zones provide employment opportunities for a large segment of the workforce skilled and unskilled, and Tervdhm experience new careers after they represent an economic challenge, indicating that it is of great economic feasibility of the economy national. He said the free zones offers many facilities leading to attracting global effort developed to contribute to rotate the output wheel inside these areas experiencing significant movement in the import and export, pointing out that most of the international companies want to invest Bhecma taking advantage of Iraq 's geographical location on the world map areas, and warned the need to define a mechanism for partnership between foreign investors and local in these areas. He stressed the possibility of establishing an effective free zones in the areas of Safwan, Trebil, FAO and other areas of several indicating the importance of coordination between the ministries of the economic state such as the Ministry of Commerce, Industry and Planning and Development Cooperation , in addition to the Ministry of Finance and the Ministry of Agriculture to support sustainable development. Bringing investment and voices were many of the experts and those interested in economic affairs called for the establishment of free zones between the provinces and it is imperative to bring investors from different nationalities and their companies their capital and activating the movement of investment in Iraq. And that the free zones will help to attract foreign migrant and local companies to work inside Iraq , as well as help traders to transport their goods and to identify the companies exporting goods , which supports the national economy and its development.

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