Cabinet announces key recommendations to ensure sound investment climate in Iraq

by **Rocky** Mon 19 Feb 2018, 5:52 am

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Cabinet announces key recommendations to ensure sound investment climate in Iraq

by Rocky Mon 19 Feb 2018, 5:52 am

Cabinet announces key recommendations to ensure sound investment climate in Iraq

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BAGHDAD - The Cabinet on Monday approved key recommendations to ensure a sound investment climate in Iraq, to be implemented in accordance with the law.
The recommendations, according to a statement to the General Secretariat of the Council of Ministers received by "Iraq News" received the full life cycle investment, namely the strategic vision, attract investment, enter and establish investment, and encourage investment and expansion, and indirect links and effects.
The main recommendations include the establishment of an operational system for special economic zones in Iraq, the formulation of the guidelines for the national investment policy statement, the empowerment of the economic reforms unit to provide technical support to the Higher Committee to implement the plan of action of the agreed investment reforms, and technical support to the proposed prime ministerial committee for investment projects To implement Basra's investment reform plan, review visa requirements and propose a plan of action to streamline visa procedures and establish a clear investor visa category.
"The recommendations include setting measures to increase access to information and opportunities for private sector participation in government tenders, providing technical assistance and financing to the private sector to enable it to respond to government tenders, encouraging and facilitating corporate arrangements between Iraqi companies and their foreign counterparts and clearing financial arrears to the private sector . finished 1

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