6/17/2015 0:00
D.dakhl Jawad: protection of property legislative guarantees better incentives
Baghdad .
is economic growth and improve the living standards of the basic tasks that governments are looking to achieve, especially in developing countries, Iraq is totally dependent on oil revenues, which now faces a major challenge in light of the drop in oil prices , how way to achieve development? To answer this question, said the economist d. Jawad inside: that the state work very hard to stimulate private investment in being an effective instrument to achieve leverage and returns for alternative oil supplier. He said, so it is needed in the search for how to attract capital investment and through, for example, encouraging facilities through tax rebates to contribute to the reduction of production costs on the one hand and face the risk that you may encounter companies in the work environment is stable.
attract investment and continued, if we are facing two questions: First, the investor looking for what? And the second on how to attract foreign direct investment? , And before you answer these questions probably should be noted that there are always two ways Alastthar placed in the (first) investor who is always on his mind for a four questions why invest? And where to invest? And when to invest? And how to invest? , And the second is the host, which represents the investment climate for the investor or the investment environment in a particular area of the country. Jawad He pointed out that the investor looking for predictable with management responsible investment and economic environment capable of protecting property and government institutions sponsor the foundations of a sound work and the availability of necessary for the continuity of operating energy production sources, he said, as the mechanism of corporate governance that concept focuses on transparency, accountability and responsibility and deal values fair and equitable, which guarantees corporate management in a responsible manner, and envisages not lost investor rights with the promotion of fundamental values to work with the legislative guarantees for the protection of intellectual industrial and commercial property rights. In terms of foreign direct investment, he said, because of witnessing the capital market foreign competitive high must the country Host that provides better incentives and establish specialized institutions backed by guarantees beyond what is supported by other countries in order to attract foreign capital, otherwise the host country will expose himself to the risk of loss of jobs and high capital flows to him. access to markets and continued d. Inside, the concept of market access often associated with systems and legislation of the host country in terms of restrictions on access to private markets aspects unexplained including the more expanded restrictions shrunk citizen attraction to investors of the future should therefore be on the legislative environment in the host country to establish a ground for fair competition in the national treatment Square . Currency risk and draw d. Inside, to placed very important concerning the prices currency and the volatility of costs and profits generated by domestic and foreign companies invested exchange for the fact that it plays a vital role in providing those companies financial results, especially in the subject of physical assets in hard currency, so the stability of the local currency exchange rates contribute to creating stability economic gain investor confidence and puts him a good base for predictability, either placed re-export of capital, it occupies a lot of space in investor thinking, where is seen legislation that adapt to the movement of capital and profits in whole or in part from the host country to the outside whenever included legislation restrictions impede the movement of this activity or require complicated procedures to achieve whenever the investment climate in these countries was less attractive to investors than in the countries that have liberated the capital and interest earned from it.
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