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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Federation of Chambers of Commerce Announces the establishment of the Supreme Economic Council for p

    Hkp1
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    Hkp1
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    • Post n°1

    Federation of Chambers of Commerce Announces the establishment of the Supreme Economic Council for p Empty Federation of Chambers of Commerce Announces the establishment of the Supreme Economic Council for p

    Post by Hkp1 Wed Mar 06, 2013 12:56 pm

    Federation of Chambers of Commerce Announces the establishment of the Supreme Economic Council for private sector


    Author: HM
    Editor: AA
    Wednesday 07 March 2013 12: 52 GMT

    Of the Iraqi Federation of Chambers of Commerce

    Alsumaria news/Baghdad

    The
    Iraqi Federation of Chambers of Commerce said, Wednesday, on top of the
    economic center of the private sector in Iraq, stating that economic
    agents to live in crisis due to political conflicts.

    He said
    Federation President Jaafar al-Hamdani on the sidelines of the
    Conference on the establishment of the Council was held in the Union
    building in Baghdad and was attended by "alsumaria news", "leading
    organizations, bodies and unions in Iraq today agreed to establish a
    Supreme Economic Council of the private sector in Iraq with the aim of
    providing support to the Government to improve the economic reality and
    push forward the process of economic development."

    Hamdani said
    that "the Council will take the papers to the Iraqi Government in
    relation to legislation and laws required by the private sector for the
    transition from a centralized to a market economy," will play a vital
    role in reducing political conflicts which have a significant impact on
    the economic performance of the country. "

    Hamdani said that
    "this Council will have a compression tool to Parliament to adopt the
    budget before the beginning of the new year so as not to stop the
    economic life of the country as it is now," pointing out that he "will
    try to make some laws and legislation that will serve the Iraqi and
    foreign investors alike and eliminate much of the red tape that affects
    investment."

    Hamdani said the private sector should be present
    and powerfully, especially at the time of the approval of the budget so
    that economic agents to live in crisis because of political conflicts. "

    The
    Iraqi Parliament has approved in the month of October 2006 Iraqi
    investment law that was said then it would open the door wide to foreign
    investment by providing a lot of facilities to foreign investors, many
    foreign companies still hesitate because of fear of unstable security
    reality in Iraq, adding that the law does not give investors the right
    to ownership of the property for the project.

    Has made amendments
    to the law as the most important of these amendments relating to "give
    the Iraqi and foreign investor the right to own land for housing
    projects.

    The private sector has seen a great decline after 2003
    due to increased government support and private industrial sector from
    which most of the plants and factories stopped work due to its inability
    to compete with subsidized imports come from countries which are not
    subject to fees.

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