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Investment and law
28/10/2017 12:00 am [rtl]Peace is the container of law. It is the container that contains the various life fields, and sets the frameworks and foundations upon which individuals walk. Without the law, no human activity can achieve its goal. The Iraqi economy is suffering from various problems, which have caused the backwardness of the sectors that contribute to moving the economy. It was necessary for the Iraqi legislator after the change, to pay attention to the fundamental point of finding ways to overcome the failures of the economy in the time of the former regime, and re-read the economic reality from a different democratic perspective. Article 25 of the Constitution stipulates that the State shall ensure the reform of the Iraqi economy according to modern economic bases, in a manner that ensures the full investment of its resources, diversifying its sources and encouraging and developing the private sector. Article 26 also stipulates that the State shall encourage investments in the various sectors and shall be regulated by a law. These articles shall lay down the general principles of investment and the state's entitlements to develop formulas for the advancement of the economy through investment. This is evidence that the Iraqi legislator considered that investment is one of the doors through which to enter into a strong and influential economy. Investing the resources available to achieve this purpose by encouraging the private sector on the basis of that because the investment is the Iraqi private sector in addition to foreign companies. The country has the wealth that qualifies it to create a large investment movement, which ultimately lead to the prosperity and strengthening of the economy, including the wealth of large land suitable for various investment projects, as well as owning a private sector has a capital capable of building specialized investment companies can succeed in establishing Projects, as well as the human resources that manage these projects. Iraq needs large projects, service, industrial, commercial, agricultural, to cover the decline in many of the various basic services, as it suffers a great weakness in infrastructure and projects, so the country needs any investment project can cause a positive economic movement that will run Labor, pumping money into the market, and bringing in foreign expertise, as all these things can be moved in the light of an active investment movement. It is necessary to support and encourage investment and the private sector, since the investment must be a law that regulates and sets the foundations for its success. In fact, the Investment Law No. 13 of 2006 and its amendments have been legislated, but this law needs to stand at some of its joints to establish a successful investment process in the country.[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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