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Free zones achieved significant financial abundance
8/23/2015 0:00
BAGHDAD
is free zones is an urgent need achieve economic targets and social have a positive impact on the country, if exploited properly., to conform with government directions in activating the trade exchange and attracting operations investments.
In this regard, underlines experts importance of these areas to achieve significant financial returns supports the general budget of the country, and contribute to building an economic base to achieve the desired development. He said the academic d. Muzaffar Hussain from the Faculty of Management and Economics at the University of Mustansiriya »Sabah»: The «objectives sought by the host countries free zones not limited to the achievement of commercial revenues only, but extends to achieve economic and social goals at the level of the country in general», returned them a way to achieve economic growth and contribute to building the necessary economic base to achieve the desired development, on the grounds that one of the goals that arise for it free zones is added to the state budget financial return as well as other revenue.
He said Hussein to the role of the General Authority for Free Zones in promoting the investment process and attract capital through study the reality of the areas in Iraq and the obstacles that hinder the process of advancement of all possible means in order to activate its investment for the purpose of achieving the desired revenue.
and saw the free zones volatility in revenues and expenditures during the period 0002- 2102 and resulted in the volatility that the surplus was volatile also during this period , so that the value is negative at the time assumed that the revenue generated by these areas in the financing of the state budget contribute.
and between the academic that the free zones several dimensions economic of the most important investment dimension, where the identified laws investment period in the commercial and service activities for 51 years and industrial projects b 52 years, which is extendable with the investor to act to ensure the rights to the project and not to impose any restrictions on it. He also blamed d. Muzaffar impediments to investment in the free zones of Iraq to the lack of services and infrastructure, leaving the country in a position to him could not provide the required master of the services needed by the foreign investor level. For his part, the advisory said in the Industrial Development and Investment Amer Jeweler »Sabah» importance of setting goals to benefit from these regions through partnerships with the countries of the world, especially the Arab countries to set up specific projects that support the country's revenues as projects crude oil and gas investment associated with him, and the industries of petrochemical, as well as projects infrastructure support for the country.
and saw the jeweler that these areas will contribute to the increase of dumping commodity «as if Iraq is immune from the inside support projects», he says, they returned it (Iraq) can work trends benefit the economy when clear economic policy realized knowledge
goals. However, he stressed on the development of feasibility studies by a specialist working group composed of economic departments, and experts and competencies, and develop specific goals to benefit from the free investment zones, without staying markets of other countries, believing it will bring many of the joint ventures (Iraqi, Arab, foreign) to support and the productivity of the country's economy.
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8/23/2015 0:00
BAGHDAD
is free zones is an urgent need achieve economic targets and social have a positive impact on the country, if exploited properly., to conform with government directions in activating the trade exchange and attracting operations investments.
In this regard, underlines experts importance of these areas to achieve significant financial returns supports the general budget of the country, and contribute to building an economic base to achieve the desired development. He said the academic d. Muzaffar Hussain from the Faculty of Management and Economics at the University of Mustansiriya »Sabah»: The «objectives sought by the host countries free zones not limited to the achievement of commercial revenues only, but extends to achieve economic and social goals at the level of the country in general», returned them a way to achieve economic growth and contribute to building the necessary economic base to achieve the desired development, on the grounds that one of the goals that arise for it free zones is added to the state budget financial return as well as other revenue.
He said Hussein to the role of the General Authority for Free Zones in promoting the investment process and attract capital through study the reality of the areas in Iraq and the obstacles that hinder the process of advancement of all possible means in order to activate its investment for the purpose of achieving the desired revenue.
and saw the free zones volatility in revenues and expenditures during the period 0002- 2102 and resulted in the volatility that the surplus was volatile also during this period , so that the value is negative at the time assumed that the revenue generated by these areas in the financing of the state budget contribute.
and between the academic that the free zones several dimensions economic of the most important investment dimension, where the identified laws investment period in the commercial and service activities for 51 years and industrial projects b 52 years, which is extendable with the investor to act to ensure the rights to the project and not to impose any restrictions on it. He also blamed d. Muzaffar impediments to investment in the free zones of Iraq to the lack of services and infrastructure, leaving the country in a position to him could not provide the required master of the services needed by the foreign investor level. For his part, the advisory said in the Industrial Development and Investment Amer Jeweler »Sabah» importance of setting goals to benefit from these regions through partnerships with the countries of the world, especially the Arab countries to set up specific projects that support the country's revenues as projects crude oil and gas investment associated with him, and the industries of petrochemical, as well as projects infrastructure support for the country.
and saw the jeweler that these areas will contribute to the increase of dumping commodity «as if Iraq is immune from the inside support projects», he says, they returned it (Iraq) can work trends benefit the economy when clear economic policy realized knowledge
goals. However, he stressed on the development of feasibility studies by a specialist working group composed of economic departments, and experts and competencies, and develop specific goals to benefit from the free investment zones, without staying markets of other countries, believing it will bring many of the joint ventures (Iraqi, Arab, foreign) to support and the productivity of the country's economy.
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