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Investors were discussing amendments to the investment law

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2/5/2015 0:00

In conference frank and transparent
BAGHDAD - Hussein Tgb
local investors and international discussed the reality of investment in Iraq and the obstacles to it, put investors in all transparency and legal problems in the economic and investment commission parliamentary and sponsored by House Speaker Conference
Chairman of the parliamentary Economic Committee Jawad al-refereed conference calling asking problems that limit draws international effort to the real work in Iraq, and the solutions that can be included in the investment law is new elements to attract.
Chief of advisers Thamer Ghadhban we said as a support of the private sector, pointing out that the last few years have seen the preparation of economic studies resulted in strategies important for the advancement of the economy Iraqi, and what was missing the real will to implement.
He pointed out that the current situation favorable for the implementation of these strategies, indicating the importance that the government adopt a series of reforms to promote the private sector.
He Ghadhban said the government approved the strategy of the private sector, which will announce the prime minister during the next week.
The Chairman of the Commission National Investment spoke about the Investment Law No. 13 of 2006, as amended, and the wealth of guarantees, also pointed to the single window and importance of the system in the investment business in the development of Iraq and its role in attracting investment, particularly that he needs to the relevant authorities cooperate in the implementation of the joints.
In the intervention of the Governor Central Bank d. Ali Alak said that the best solution to activate the investment lies in the failure of the government to include any investment project after a presentation to the investment and study the economic feasibility and the possibility of its implementation, returned this step only entrance and the foundation for the success of investment opportunities, and we found through experience with state institutions to enter the private sector is an important In the process of implementation of any project whatsoever. Invested our Mary of Canada specializing in the field of health investments, said that the conference is a good opportunity to meet with government institutions involved in the investment side and Iraqi businessmen from inside and outside Iraq to stand up to the reality of the implementation of projects and the government intends to submit the support of the investor.
The expatriate Majid al-Saadi investor Velvet to the importance of standing when the identity of the Iraqi economy and identified then talk about investment, pointing to the importance of looking at the economic experiences of countries that have preceded us, and that failed to adopt a common economy and the other succeeded in adopting Aqsad free, noting that the Iraqi businessmen investments in Jordan exclusively $ 11 billion , stressing the desire of many businessmen to return and work in Iraq.
He said businessman Essam al-Asadi said the negative aspects of the Iraqi economy, low productivity of the public sector, pointing to the importance of privatization, noting that the period between 1988- 1995 privatized 88 state of all its public sector.
expert economic Akram Abdul Aziz said that the presence of businessmen and companies from most cities in the world in this conference is a positive thing, and it is at the core of the government program, pointing out that all the countries that have made ​​economic development adopted elements to attract foreign investment, which is key to the economic development process.
Between National Business Council member David Abdul Zayer that provide the land for free to the investor in accordance with the law is not accurate in the case of residential investment and resulted in a lack of real investment in this sector due to land speculators and intruders and to take advantage of the value of the land and the loss of the law aim to invest and secure housing units Please, keep into consideration discernible value of 40 percent of the value of the land at the discretion of the General Authority for taxes to be paid a facilitator to the investor to make a payment of 20 percent, when he received the land and complete the legal procedures and 20 percent paid during the sales ratio and proportional.
and the importance that the Commission impose a fee for the purpose of achieving self-sufficiency by the body investment it is supposed to be drawn on the investment license by not less than 1 percent is this self-funding for the same body.
He stressed that the National Investment Commission Act includes a paragraph which cost the President of the Commission within the program prepared in advance for a period of 4 years and discusses by him before the Council of Ministers costs if the program panacea for solving problems and providing investment opportunities in the province that the review of this program in the first two years and a minimum quota accomplished 40 percent and otherwise exempted and go to the second candidate and gives the President of the Commission the authority to contract directly prevailing prices with those who believe his development in all areas Investment and designs and infrastructure.
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