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Free zones maximize non-oil financial resources
2/16/2015 0:00
BAGHDAD - Mustafa al-Hashemi, Iraq is trying to keep up with the global economy by encouraging investors to invest in the country in the free zones, as witnessed in the past years many economic changes of the most important opening to the domestic and foreign investment has contributed to the changes and drastic changes in the Iraqi economy and the response from him to the requirements of the rapid growth in the pace of the global economy. In this context, the economic Dr. Majid Baidhani that the Free Zones Authority has attracted many investment projects in all areas and in particular the oil industry projects, including contributing to the national economy. He said in a statement »Sabah» it is necessary to raise the profile of free zones and make the refineries international peers through the evolution of the legal and administrative infrastructure to suit the current stage the Commission and the investor and serve at once. The General Authority for Free Zones and is seeking to complete for the development of the infrastructure of the free zones and the completion of the special measures to invest a piece of land near the Baghdad International Airport, the investment plan in order to set up a free by area, and looking forward to the opening of new free zones near a commercial activity outstanding border crossings such as (Trebil, Zurbatiyah, Mundhiriyah, and Safwan.) stressed the importance of facilitating the work of the free zones and conflict interactions that accompany the activity, especially with the General Administration of Customs in relation to facilitating input and output Alkmarki pointing to the need for coordination with the Department of Real Estate State in order to provide land for future expansion in the activity of the body. He called on the relevant authorities, including the Ministry of Foreign Affairs for help in strengthening the bonds of international cooperation in the field of free zones through the implementation of the agreements into reality. Between Baidhani the importance of promoting the work and activities of the General Authority of Free Zones to their regions and their investments and plans for the future by means of national and international various media being is one of the financial resources of high returns of the budget being involved in various investments and economic activities, stressing that the provision of grants for particular investment enhances the ability of these areas in the development of its infrastructure and make it more attractive Investments. He pointed out that coordination between the General Authority for Free Zones and the National Commission for Investment, especially in the area of promoting investment opportunities and attracting foreign and national capital to Iraq in general and Free Zones in particular. For his part, said a source in the body leading the advantages of investing in the free zones, saying: ranging from the investment period in business activities and service 15 years while industrial activity, select the duration of 25 years and these periods are subject to renewal based on the investor's desire and approval Alھیih0 The source added that the investor the freedom to choose an activity that wish to invest in, as well as the lack of restrictions on the nationality of the investor or the capital invested, along with proven opportunities foreign investment 100palmih no need for a local partner with the privilege of participation and free transfer of profits and money Almstthmrh.wachar that investment in the free zones characterized freely import, export and not to succumb to the import and export restrictions, but what goes into Iraqi cities, in addition to granting foreign investors Tsھیlat to stay within the country and freedom the use of foreign labor with facilitating giving them measures visa and residence, as the advantage of freely operating for others to exploit what provided the project of services and the freedom to set prices and determine the percentage of profits by the lack of time limit or restriction on the survival of goods within the free zone, when what was valid deposit and leads Anھa instead Storage. seeks authority within its strategy to activate the transit trade through the free zones and the outstanding location enjoyed by those regions, which opens the way for export industries and aggregate in coordination with the relevant authorities. And try to exploit the abundance of raw materials and raw materials locally, in addition to the presence of expansive spaces and wide at the Commission in the areas close to the free zones currently operating can be configured as opportunities of investment for industrial projects big and so wide open in the fields of industrial investment. She pointed out that the opening of a private free zones for individuals and companies wishing to such investment According to the Authority Law No. (3) for the year 1998 and the decisions of the Board of Directors in this regard, as well as work on activating the memoranda of understanding in the field of cooperation with neighboring countries on the opening of a joint free zones, and confirmed the body seeks to issue certificates of origin for products free zones for the purpose of treatment, according to the Free Trade Agreement Greater Arab through coordination with the Arab Federation of Free Zones and Economic and Social Council of the Arab League.
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2/16/2015 0:00
BAGHDAD - Mustafa al-Hashemi, Iraq is trying to keep up with the global economy by encouraging investors to invest in the country in the free zones, as witnessed in the past years many economic changes of the most important opening to the domestic and foreign investment has contributed to the changes and drastic changes in the Iraqi economy and the response from him to the requirements of the rapid growth in the pace of the global economy. In this context, the economic Dr. Majid Baidhani that the Free Zones Authority has attracted many investment projects in all areas and in particular the oil industry projects, including contributing to the national economy. He said in a statement »Sabah» it is necessary to raise the profile of free zones and make the refineries international peers through the evolution of the legal and administrative infrastructure to suit the current stage the Commission and the investor and serve at once. The General Authority for Free Zones and is seeking to complete for the development of the infrastructure of the free zones and the completion of the special measures to invest a piece of land near the Baghdad International Airport, the investment plan in order to set up a free by area, and looking forward to the opening of new free zones near a commercial activity outstanding border crossings such as (Trebil, Zurbatiyah, Mundhiriyah, and Safwan.) stressed the importance of facilitating the work of the free zones and conflict interactions that accompany the activity, especially with the General Administration of Customs in relation to facilitating input and output Alkmarki pointing to the need for coordination with the Department of Real Estate State in order to provide land for future expansion in the activity of the body. He called on the relevant authorities, including the Ministry of Foreign Affairs for help in strengthening the bonds of international cooperation in the field of free zones through the implementation of the agreements into reality. Between Baidhani the importance of promoting the work and activities of the General Authority of Free Zones to their regions and their investments and plans for the future by means of national and international various media being is one of the financial resources of high returns of the budget being involved in various investments and economic activities, stressing that the provision of grants for particular investment enhances the ability of these areas in the development of its infrastructure and make it more attractive Investments. He pointed out that coordination between the General Authority for Free Zones and the National Commission for Investment, especially in the area of promoting investment opportunities and attracting foreign and national capital to Iraq in general and Free Zones in particular. For his part, said a source in the body leading the advantages of investing in the free zones, saying: ranging from the investment period in business activities and service 15 years while industrial activity, select the duration of 25 years and these periods are subject to renewal based on the investor's desire and approval Alھیih0 The source added that the investor the freedom to choose an activity that wish to invest in, as well as the lack of restrictions on the nationality of the investor or the capital invested, along with proven opportunities foreign investment 100palmih no need for a local partner with the privilege of participation and free transfer of profits and money Almstthmrh.wachar that investment in the free zones characterized freely import, export and not to succumb to the import and export restrictions, but what goes into Iraqi cities, in addition to granting foreign investors Tsھیlat to stay within the country and freedom the use of foreign labor with facilitating giving them measures visa and residence, as the advantage of freely operating for others to exploit what provided the project of services and the freedom to set prices and determine the percentage of profits by the lack of time limit or restriction on the survival of goods within the free zone, when what was valid deposit and leads Anھa instead Storage. seeks authority within its strategy to activate the transit trade through the free zones and the outstanding location enjoyed by those regions, which opens the way for export industries and aggregate in coordination with the relevant authorities. And try to exploit the abundance of raw materials and raw materials locally, in addition to the presence of expansive spaces and wide at the Commission in the areas close to the free zones currently operating can be configured as opportunities of investment for industrial projects big and so wide open in the fields of industrial investment. She pointed out that the opening of a private free zones for individuals and companies wishing to such investment According to the Authority Law No. (3) for the year 1998 and the decisions of the Board of Directors in this regard, as well as work on activating the memoranda of understanding in the field of cooperation with neighboring countries on the opening of a joint free zones, and confirmed the body seeks to issue certificates of origin for products free zones for the purpose of treatment, according to the Free Trade Agreement Greater Arab through coordination with the Arab Federation of Free Zones and Economic and Social Council of the Arab League.
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