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Germany: Iraq is making progress towards economic stability
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Economy News - Baghdad
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Added 09/19/2024 - 3:16 PM
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Economy News - Baghdad
The Director of the German Agency for International Cooperation (GIZ) offices in Iraq, Christopher Fluketer, confirmed on Thursday that Iraq is making good progress towards economic stability, stressing the importance of updating tax laws in Iraq.
"Iraq is making good progress towards stability, as economic stability is an essential part of this progress," Flucteur said in a statement reported by the official news agency and seen by "Al-Eqtisad News," indicating that "economic reforms include developing the private sector."
"There are many new sectors that have emerged in Iraq, such as transportation, the shift to the e-economy, renewable energy, and other fields that did not exist twenty years ago," Flucteur explained.
He stressed that "this development requires updating tax laws, as it is not possible to apply tax instructions or laws that are twenty or thirty years old."
He pointed out that "the existence of stable institutions is part of stability, which is what the German Agency is working to support through joint cooperation between experts from the Iraqi government and experts from the German government."
Fluketer expressed the German government's "pride in this achievement, and its happiness with the partnership and mutual trust with the Iraqi government."
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Added 09/19/2024 - 3:16 PM
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