Accelerate the establishment of free economic zone in the FAO doing international trade

26/01/2013 12:00 am

BAGHDAD - Hussein Tgb Tamimi
said the economist Tawfiq inhibitor that Iraq is going through, since more than ten years transition appeared significant challenges, including the absence of coordination between the smaller units and caused wars rolled colorful and missed a legacy of the recession in various economic fields which must be the executive and legislative authorities of full vision for the rebuilding of Iraq through the ranks and help the Division to move forward towards the goals and principles that re-built and directed economy and harness their resources towards development. said ( morning) that the beginning of economic recovery requires the development agenda of the agreement on the vocabulary of action and mechanisms to facilitate the task of activating the free economic zone and the port of Faw and here must review laws and whether the legislation is a special law or find a formula for the development of the laws enacting into law territories Free and investment law and even law firms and stand on what is going on from the development of free zones in neighboring countries and the world.
pointed out that the free zones are specific geographic areas apply the laws and regulations of various private what applies to the rest of the state and has many advantages and incentives including the absence of restrictions on the nationality of capital and the freedom to choose the legal form of the project as well as the freedom to determine prices of products and the proportion of profits and exemption of capital assets and production requirements, exports and imports of taxes customs and sales tax and other of taxes and fees and
pointed out that the first choice for Free Zones Investors Find ways to encourage investment and provide appropriate climate and the environment for foreign investment coming through contributing to the development of public policy and the provision of information and the preparation of studies and implementation projects and the organization of exhibitions, conferences and other activities aimed at the national efforts and qualified cadres contribute to sound economic development and welfare of the community of Basra, Iraq, and must treat and deal clearly and transparently through the provision of open channels of communication and procedures are clear and documented information for all groups concerned.
Inhibitor touched on in his speech to some areas and economic importance and display some information for existing free trade zones and the zone of Port Said East Port, which is located east of the eastern division of the Suez Canal on the Mediterranean coast east of Fouad The site features the region overlooking the Mediterranean coast between medium continents and thus between the lines of the World Trade making the region a center for distribution and logistics business serving the White Sea basin and the surrounding areas and the possibility of available industrial cooperation with the industrial zone neighboring and commodity exchange with their projects and Port Said Port is one of the most important seaports in the Middle East.
port is managed by the Port Authority of Port Said, following this body for the implementation of facilities and infrastructure Vtm establish a container terminal by the Suez Canal Company Container Company and contribution free zone system, according to the concession contract with the Egyptian government bot system capacity of 600 thousand containers. And
pointed to the special economic zone port of Aqaba and located the Aqaba Special Economic Zone near the port of Aqaba port of Jordan and the international airport on the coast of Jordan and the region is considered as one of the bold economic initiatives for the Jordanian government is characterized by being a special economic zone are exempt from taxes and customs duties, in addition to being a multi-sectoral investment zone and provide Aqaba multiple investment opportunities in a strategic location on the Red Sea coast has the authority Aqaba Special Economic Zone financial and administrative autonomy, the institution responsible for the management of the region and its flexible arrangements In addition to making it a unique tourist destination on the Red Sea and the Oasis Shopping exempt from customs duties is accompanied by a high quality of life and standard of living. Company offers the Arab Bridge Maritime flights to Aqaba to the Egyptian ports coming from Nuweiba and Sharm el-Sheikh and provides King Hussein International Airport north of the city regular flights from Amman to Aqaba, as well as Dubai and Alexandria. Inhibitor said that what we have referred to Anfa just to give an example to some of the free zones to neighboring countries and to him Multi stations containers typical container vessel in the world to show the importance of establishing international economic zone free triangle FAO and the port of Faw at a comparison between the results emerged from handling performance with Iraqi ports despite the unique location which has the ports of Iraq and there are important questions must be put in mind when adopting the principle of investing in the international economic zone, the first What are the benefits for investors and companies to which they are entitled to be part of the free zone and whether the local partner is required to invest in the free zone? Is the property free zones will be based on the purchase or lease? How can you run a license granted to each free zones Iraq?. And
the importance of that work together toward achieving our vision and mission through the interdependence of targets and integration expertise, skills, and share knowledge and strive to work in accordance with the best practices and local and international standards.
where it should assume the company or the management and organization of the international economic zone Free FAO mission is to provide incentives and advantages that go beyond the expectations of investors and correspond to those incentives and the needs of the institutions that will enter the market and to achieve the above should put in priority to provide incentives and services provided by and provided free zones and competition, as well as distinguish them as easily in the establishment and the quality of services provided and we can later reference to the most important features that have to be taken, including a quick and simple procedure for the ratification of the request of investment licenses and end establishment procedures within a short period of exemption from customs taxes, sales tax and other taxes and land leases up period of 25 years, renewable for a similar period to provide the establishment of investors and employees.
pointed out that the international economic zone must play a vital role in the development of the Iraqi economy following the best methods update and renewal and services characterized by presence and must strive to provide the largest range of facilities to investors, helping them to achieve the highest rates of growth in their business. stressing that investment geographical location of Basra, Iraq set up special zones to free trade is positive would the growing local commerce and thus the national economy and this will contribute to the further growth of the region and Iraq and that really Iraqi ports require air and sea to achieve quantum leaps in the development processes must be based on two main axes establishing free trade areas and return to launch a movement of transit in addition to benefiting from the expertise of companies specialized in national and global management of ports and free zones.

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