The need to establish a Bank for investment and finance

The need to establish a Bank for investment and finance


21/7/2014 12: 00 am



After closing the border North because of attacks by groups "daash" on those areas, leading to substantial importer and trader of Iraqi funds for securing goods and goods from other ports, making professionals and entrepreneurs claim-emmadi m Government support to promote national industry and meet market needs with local products comparable to the importer.
In charge of Industrial Affairs Mahmoud Alloush between for "morning" causes the deterioration of national industries over the past years in the public and private sectors, mixed, including outdated equipment, machinery and equipment used in the production, along with the evolution of the world and Iraq is busy at the same time, the economic blockade and war during the previous regime, what to make of the industrial sector in Iraq hampered.
Jessica said: "after the change was agreed to specify in the Iraqi economy and convert it from a totalitarian economy to a market economy, but it did not work in this direction in the correct format, it did not support the private industrial sector, to promote and develop national product similar to agricultural initiative," he said.
Asked specialize and government productivity factor to support the plants and factories producing the integrated industrial cities prestige local product, as well as the provision of fuel prices, securing the global technology. he need for a specialist Bank for investment and finance in charge of lending to industrial enterprises to update their yield, especially industry that form the raw material value (VAT) a high proportion of production costs, they are economically feasible, particularly that Iraq is wasting its resources on current consumption and open border with Iraq to all goods from World, whether good or bad, noting that Iraq possessed 36 000 small and medium industrial projects of the private sector, with its products covering part of domestic market demand, some of which was available for export, but it stopped working because of the circumstances of Iraq before and after 2003, and called for the revitalization and promotion of national industries to meet the demand of the local market, as well as its contribution to employment and careerSus labour to eliminate unemployment, as is the case in many countries in the world that accompanied the global progress and development in their products and demands of markets as a result of their support for the private sector as well as in Iran and Turkey, Croatia, China, Thailand, and Italy and other countries. but, he appealed to Saad Hassan, the owner of a plant for the production and marketing of dairy products, juices and ice cream, the competent authorities to provide soft loans to counterparts who stopped their factories on production for several reasons, including the obsolescence of machinery and equipment, lack of electrical power on a regular basis, as well as the burnt prices t That affect the cost of the local product. He also pointed out that markets rife with substandard imported products at less than local calls for serious pause by the competent authorities to support national industries and the application of the law on customs tariffs on imported goods and commodities.

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