Gathering calling on the government to extinguish the debt of the industrial sector and legislation

Gathering calling on the government to extinguish the debt of the industrial sector and legislation package for the advancement of economic laws by



03/31/2013



Published in: 3:02 pm, March 31, 2013 by ipa

BAGHDAD (Iba) .. Prime industrial assembly Abdul Hassan al-Shammari, the government and the Parliament as the legislature off the debt of the industrial sector and the launch of soft loans and the enactment of new laws in order to promote it.

Al-Shammari said in a statement singled out by the independent press (Iba) on Sunday, "The industrial sector suffered significant losses during the previous period, especially in 1991 and so far, adding that" most of the industries stopped working and most industrialists BC left their professions and still owe the Iraqi government and private banks The Development Fund for Iraq, which was born frustrate the industrial sector and fear industrialists who are considered experts in their field to return once again to work. "

He stressed, "that the neighboring countries has become the task of providing goods and services imported to Iraq, which is considered a major setback for the Iraqi industry, which suffers from a significant deterioration of the lack of financial liquidity and support to his real and emerging laws."

"The Iraqi government must provide loans march for industrialists for long periods and interest rate not exceeding 1% like the developed countries that bear the Ministry of Finance portion of these funds for the advancement of this sector, which need to raw materials and materials semi-finished the State import and favorable price like other countries and take important economic decisions to encourage the industrial sector and other sectors. "

He pointed out that "the participation of 50% of the funds would be considered a grant as Article 25 of the 2011 allocated financial grants to the industrial sector, which had not been implemented so far as the abundance of oil must contribute to industry and the establishment of factories and plants simple to eliminate unemployment and provide jobs for the labor ".

Shammari said, "that the industrial sector is important eradicates poverty in Iraq, where the poverty rate in Iraq exceeded 40%, according to statistics of the Ministry of Planning for the year 2012." (End)

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