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Economy News - Baghdad
The Secretary-General of the Council of Ministers, Hamid Al-Ghazi, stressed the need to activate the laws to facilitate procedures for granting entry visas to foreign investors, and to create an environment that supports attracting capital to enter the Iraqi market.
And the Cabinet Secretariat stated in a statement that this came while Al-Ghazi chaired the “consultative meeting on facilitating the procedures for granting entry visas to investors and businessmen to Iraq to strengthen their role in revitalizing the private sector, provided that these facilities are in accordance with specific legal contexts.”
The statement added, "The participants reviewed the procedures followed, and the time frame for granting entry visas that does not exceed (6) days through the single window, and the entry visas granted by Iraq to more than (40) countries directly while entering its territory, in addition to the authorization granted by the Ministry of The Interior Ministry to Iraqi ambassadors in a number of countries regarding the validity of granting visas directly, while the work and residence permits for foreign workers and the possibility of controlling the recent leakage operations were discussed.
The statement continued, "The meeting concluded a number of recommendations, most notably adjusting cooperation mechanisms between all concerned institutions, emphasizing the National Investment Commission, regarding the inclusion of feasibility studies on the numbers of foreign workers and the quantities of materials required, in order to preserve the social and economic balance between Iraqi and foreign workers, and stressing procedures for Reducing the phenomenon of labor leakage inside the country, in addition to holding a consultative meeting that includes the Council of Businessmen, to develop solutions that help attract foreign capital.
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