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Paris Conference recommends integration with the global economy; Identified ways to overcome obstacles to investment in Iraq
3/11/2015
Paris Conference recommends integration with the global economy
Identified ways to overcome obstacles to investment in Iraq
BAGHDAD - Recommended economic investment conference which was held in the French capital Paris recently under the title "to improve the business and investment climate in Iraq," which was chaired by OECD Economic and Development OECD, attended by Iraq representative of the private sector and the government sector and the Investment Authority and the advisers need to provide suitable investment environment through the removal of obstacles and difficulties facing Almsttmaren.oukal vice president of the Union of Entrepreneurs official representative of the Iraqi private sector on behalf of Jamil Antoine's "morning," said the Conference recommended to search the obstacles facing the investment environment and focus on the land, which is disruptive for the arrival of President investors.
Investment policies
He Antoine said Agency for International Swedish International Development Cooperation (Sida) chaired the second meeting of the Working Group on the project, which was inaugurated by the Deputy Secretary General of the Organization of Economic Cooperation and Development over two consecutive days, which discuss the issue of strengthening the framework of Iraq's investment policies and provide institutional legal framework for investment, as well as Find the capacity to raise the level of investment to build, pointing out that the private sector shares in providing valuable research in this subject through the provision of investment models Jdidh.onoh that the conference, which was held in Paris also stressed on how to deal with the rehabilitation of the state-owned state-owned enterprises (soes) across Help the private sector to change the ownership of these companies in accordance with the government's economic program to avoid the low productivity in these projects and turn them from consuming projects of wealth into productive projects.
He noted that the conference stressed the need to integrate the Iraqi economy with the economies of other countries through the creation of economic competition and the use of the experience of successful countries have preceded us in this regard in the Middle East region and to benefit from the economic strategies provided by the Iraqi experts in cooperation with international organizations.
Diversification of the economy
Agency for Development also discussed the importance of supporting free economic zones which will be held by the private sector and a broad economic reforms in order to diversify the economy and reduce dependence on oil and gas sector, as well as seeking to create zones and industrial cities and what the best ways and practices in the establishment to be able to attract investors and give them privileges in the development of exports, and the concomitant strengthening of the framework of the Iraqi investment policies and capacity building, not to mention the creation of job opportunities for the unemployed that all intended to support the economic process, he said.
Antoine He concluded by referring to the need for openness of the Iraqi economy on global economies, for the purpose of payment and attract investors and the creation of special economic zones and provide an attractive business environment in order to achieve a balanced development.
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