Businessmen are demanding enactment of laws revive the economy and attract international companies t

Businessmen are demanding enactment of laws revive the economy and attract international companies to the Iraqi market




Investment projects in the capital Baghdad Imaging (Mahmoud Raouf)

Author: ASJ 
Editor: BK, BS 
05/09/2014 13:32


Long-Presse / Baghdad

Counting businessmen, on Friday, that the legal registration of companies and organizing commercial agencies, "no longer fit" with the current economic reality of Iraq, calling for the need for legislation to meet the other needs of the market and encourage international companies to enter the local market.

Rahim said Jubouri, who owns an import and export, in an interview to the (long-Presse), said that "the law of registration of companies involves routine matters make it who wants to register his company to think a hundred times before scoring another company," noting that "the Ministry of Commerce and stakeholders the other that does not help the Iraqi economy that is fighting its own laws and instructions that eating and drinking old-fashioned. "

For his part, counting Alaa Anbari, the owner of a general trading company, said in an interview to the (long-Presse), that the law regulating commercial agencies No. 51 of 2000, prohibits commercial agencies global action smooth and realistic in Iraq, "noting that" most of the agencies listed Iraq is disabled because it is under the experiment until they find the guarantees that are set by law to ensure the rights of the Iraqi agents, especially as global companies, seeking to open a serious commercial agencies in other countries. "

He Anbari, that "the law regulating commercial agencies, did not offer anything to the reality of the Iraqi Commercial, despite more than a decade on the application, but on the contrary has damaged the economy being housed in one of its articles penalty of up to life imprisonment for each assigned to public service has deliberately work of the Agency of Commerce In order to enter into a contract with the state departments, "calling for the need to amend the law about a positive effect on the Iraqi economy, because the local market needs for goods and goods of origin directly not be recycled or specifications poor and sometimes be adulterated because the importer does not bring from the original source."

It is noteworthy that the law regulating commercial agencies, issued by the Revolutionary Command Council dissolved in 2000, and remains in effect despite the "no-aligning" with the current phase, as well as it "does not help" the transition to a market economy, which allows competition in the business and economic In general, according to what he sees concerned.

The General Secretariat of the Council of Ministers, announced late last December 2013, call for the Council of State to expedite the audit draft law on the organization of the agency business and his proposal to form a new law, not an amendment to the law in force.

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