Activating large industries. Maximizes the country's financial resources.

Activating large industries. Maximizes the country's financial resources.

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Baghdad/Al-Sabah
 
A number of experts and specialists in economic affairs called for the need to activate large industries such as steel factories and petrochemicals to maximize the country's financial resources, pointing out that campaigns to support the national product will bring Iraqi industry back to the forefront. Al-Sabah: "The government is now focused on supporting SMEs, as it is an essential asset to support Iraqi industry as well as being a source of public income and income, thereby diversifying the sources of national income, as well as the oil sector."
National Industry
He added that "campaigns to support the national product and raise the slogan "Made in Iraq" is very important to support the national industry, because the Iraqi markets after 2003 were subjected to the dumping of goods with imported products, which led to the decline of Iraqi industry and the disappearance of many national industries such as food and other materials, which left wide spread unemployment among young people, especially graduates, but today Iraqi industry has returned to the forefront after national government efforts and popular campaigns."
 
Enforcing laws
He explained that "the interest in small and medium-sized industries will later pave the way for the activation of large industries, because we have giant projects and different industries that the country needs, whether petrochemicals, steel and leather industries and others," calling for "the activation of laws related to economic control, consumer protection and others to create an attractive environment for the activation of Iraqi industries."
 
Oil industry
He continued: "Iraq has the infrastructure to activate large industries, because we have advanced technical and administrative competencies and staffin this field, from the oil industry to petrochemicals, fertilizers, leather, sulfur, cement, phosphates and other large industries that can be an essential asset to support the federal budget, the return of these industries, provided there is prudent economic management and enforcement of laws supporting the product. 
National".
Hammam al-Shamaa, economic advisor to the presidency of parliament, said that "the campaigns carried out by young people to support the national product are of a moral nature to push for the return of local industry and to stop 
Importer".
 
Commodity invasion
"These campaigns come to counter the foreign commodity invasion, and this will certainly revive the national economy and prevent the arrival of imported goods to local markets," al-Shamaa said in an interview with Al-Sabah. After 2003, when the clear economic policies of the Iraqi economy and local industry were absent, they needed a large boost of investment to revive the large industries created before 2003, and new large industrial projects could be created through investment.
 Also".
"The activation of large industries is necessary at this stage to maximize the country's financial resources and reduce foreign importers."

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