Punitive: Iraq needs a dynamic private sector

Punitive: Iraq needs a dynamic private sector

9/25/2014 0:00

BAGHDAD Shokran Fatlawi

The head of the International Federation of businessmen in Iraq: that the attempts aimed at raising the efficiency of the private sector is still simple and effective under the conditions that require the development and transition to a free market economy which requires the active sectors of the size of the economy of the country to meet its needs.

Said D.hamid punitive "morning": that the industrial sector is pivotal foundation in the composition of GDP, a key factor in the economic growth of any country, urging the need to find a balance between the public and private sectors and enable the private sector to take its role in the economic process, especially since the program government next state aims to promote it .wachar to the importance of laying the groundwork strategy that would develop the industrial sector in general and the development of the private sector by conducting reforms in legislation and laws that are in contact with the private sector principles like the tax and placing the locus of development aims to develop the country economically as well as the importance of paying attention to the technological side and find a formula for coordination between the Ministry of Industry and the Ministry of Science and Technology, especially after the new circumstances, which calls for raising the capacity of the private sector, he said.

He called for punitive to the need to encourage companies to bring Arab and international Prusantha be known to engage in the implementation of investment projects through creating an environment encouraging investment as a result of the reluctance of the entry of most international companies to the absence of laws supporting the accompanying deterioration of the security side

It should be noted that the government program and on promoting the shift towards the private sector aimed at resolving the orientation of the Iraqi economy to a market economy and abandoning the progressive economic activities, encouraging local product also includes activation of the laws relating to the protection of national and development of foreign trade and transit trade and free zones and raise the level of audit firms Iraq's financial and classified according to international standards, in addition to support investments that encourage the operation of the local workforce.

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