Investment Law will provide facilities for Iraqi Industrialists
7/9/2015 0:00
Calls for the promotion of local industry and stop the importing of goods
BAGHDAD - Shaima Rashid
The economic and investment commission in Parliament called on the government to provide basic factors of a safe environment legislation and laws help promote the local product, stressing that the investment law to be enacted soon will provide a lot of facilities for industrialists who provide the ration card items.
And demanded that the religious authority during his Friday sermon activate the agricultural and industrial sectors, saying that the weakness of economic planning, and the lack of an integrated strategy to provide financial resources for the country's non-oil prices of the aspect of corruption.
The economic and investment commission member Jawad al-Bolani stressed that departments today are required to protect the domestic industry and work to provide materials that help local product activation and make it compete with imported, calling for the provision of cycle for money within the country through agriculture, industry and Astosmaarhama well.
Bolani said the "morning": that import unjust faced by the country is arbitrary and useless policy and inundated much of the country of the material which is to be manufactured locally, and if we want the local product protection we develop Alsadarat Fund and revitalization and reduction of import ", calling for legislation investment law and some laws that help in the development of local industries and prevent the import is necessary.
He added that the new investment law contains a clause concerning the provision of facilities and privileges of industrial investors who provide the ration card items as facilities tax and facilities related to fees, noting that any local project needs to provide the legal environment, legislation and laws that help him compete with the imported as well as the efficiency as well as raw materials and the provision of energy and fuel.
And between Bolani readiness of the investment law for a vote in the coming sessions.
For his part, pointed to the economic and investment commission decision of Harith al-Harthy, the imposition of taxes on certain imported products that can be manufactured locally makes citizens accept it and therefore helps to vogue product Mahla.oukal Harthy "morning": that the large number of imported goods and the absence of customs fees of all these things It led to the blockbuster citizen them and staying away from the local product who deterioration due to lack of a suitable environment to him as well as raw materials, "calling to support the industrial and agricultural sector in the country's laws and appropriate environment and speed up passage of investment that provides a lot of facilities for investors and attract capital law.
Iraq has suffered from unilateral rentier economy, which depends on oil, prompting the government to go about other alternatives, including the investment and support the local product and the protection of solving the problems of the public sector and self-financing companies to diversify their sources of income in Iraq
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7/9/2015 0:00
Calls for the promotion of local industry and stop the importing of goods
BAGHDAD - Shaima Rashid
The economic and investment commission in Parliament called on the government to provide basic factors of a safe environment legislation and laws help promote the local product, stressing that the investment law to be enacted soon will provide a lot of facilities for industrialists who provide the ration card items.
And demanded that the religious authority during his Friday sermon activate the agricultural and industrial sectors, saying that the weakness of economic planning, and the lack of an integrated strategy to provide financial resources for the country's non-oil prices of the aspect of corruption.
The economic and investment commission member Jawad al-Bolani stressed that departments today are required to protect the domestic industry and work to provide materials that help local product activation and make it compete with imported, calling for the provision of cycle for money within the country through agriculture, industry and Astosmaarhama well.
Bolani said the "morning": that import unjust faced by the country is arbitrary and useless policy and inundated much of the country of the material which is to be manufactured locally, and if we want the local product protection we develop Alsadarat Fund and revitalization and reduction of import ", calling for legislation investment law and some laws that help in the development of local industries and prevent the import is necessary.
He added that the new investment law contains a clause concerning the provision of facilities and privileges of industrial investors who provide the ration card items as facilities tax and facilities related to fees, noting that any local project needs to provide the legal environment, legislation and laws that help him compete with the imported as well as the efficiency as well as raw materials and the provision of energy and fuel.
And between Bolani readiness of the investment law for a vote in the coming sessions.
For his part, pointed to the economic and investment commission decision of Harith al-Harthy, the imposition of taxes on certain imported products that can be manufactured locally makes citizens accept it and therefore helps to vogue product Mahla.oukal Harthy "morning": that the large number of imported goods and the absence of customs fees of all these things It led to the blockbuster citizen them and staying away from the local product who deterioration due to lack of a suitable environment to him as well as raw materials, "calling to support the industrial and agricultural sector in the country's laws and appropriate environment and speed up passage of investment that provides a lot of facilities for investors and attract capital law.
Iraq has suffered from unilateral rentier economy, which depends on oil, prompting the government to go about other alternatives, including the investment and support the local product and the protection of solving the problems of the public sector and self-financing companies to diversify their sources of income in Iraq
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