A call for the establishment of the Economic Council as a representative of the private sector

A call for the establishment of the Economic Council as a representative of the private sector

 

6/22/2017 0:00

Baghdad / Mustafa al - Hashemi  
of the current phase of the requirements of the existence of an effective private sector to achieve economic development, but there is the problem of the representation of this sector in international forums and events require based on the economic file to take a bold step to declare a party representing the Iraqi private sector , which would bring investment companies to set up projects infrastructure and start the process of economic development.
In this regard , President of the Iraqi Insurance Association Abdul Hassan Ziadi student based on the economic profile of the country to speed up approval of the adoption of the establishment of the Supreme Economic Council as a representative of a real Iraqi private sector , which will be inclusive for all economic activities to be effective in their management.
Ziadi said in a statement the "morning" was set to start preparations for the establishment of this Council during the year 2014 , but the conditions of the country and the implications of the emergence of "Daesh" terrorist prevented its launch to take its real role in the process  of
development.
He explained that this board will include membership in many economic organizations working in Iraq as a consortium of Chambers of Commerce and the Federation of Contractors and the Iraqi Federation of Industries and the Iraqi Insurance Association , along with travel, tourism and official representations of the private sector , which represents a certain segment under Law Association.
He pointed out that there are many opportunities and global conferences and an international mission to the private sector of Iraq did not take part because of the absence of the true representative of the Iraqi private sector, Maeugb accelerate the approval of the establishment of the Supreme Economic Council to make up for missed opportunities on our national economy.
He saw Ziadi that the formation of the Council would have a role in reducing the waste of funds allocated to projects being will work mechanisms thought far from routine as well as referral of implementation to companies sober known good reputation, noting that the establishment of this council will play a role in reducing the dumping of commodity and import random what would improve the performance of the Iraqi trade balance , which suffers an imbalance  
evident.
He said the process of economic reform requires the establishment of hand , representing the private sector because the Iraqi economy under the current situation needs to activate, requires finding appropriate solutions to reduce the preference of personal interests on the benefit of the country 's economy through the right man in the right place.
He pointed out that the formation of Economic Council to include specialists in the executive and administrative areas would achieve rapid renaissance in the national economy that will strengthen the trust between the public and private sectors and reduce skepticism that this Council may intersect with the institutions of economic and governmental committees and other relevant institutions problem for this purpose as it will be ring the official link between the two sides.
He stressed Ziadi that the Economic Council will have the power to support institutions and other means effective in the maturing of economic reform concepts and change required by the current stage, through the benefit of the owners of the accumulated experience and broken explains the formula required solutions from the government and the possibility of reversible in economic reality and thus usurped the time required to achieve economic development which leads us to the well - being of our society through optimal investment for the country 's resources and wealth.
He added that such economic formation exists in the majority of developed countries , which includes a group of economic experts mission evaluate the economic performance of the country and submit it to the government for the purpose of addressing the imbalance, and can save our economy from the distortions which also suffered due to the wrong policies enacted by previous governments over the decades  
past.

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