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Economists: the new investment law will contribute to the implementation of more than 4,000 project
09/28/2015
BAGHDAD / JD / .. continuing decline in world oil prices posed a significant threat to the Iraqi economy, rent-seeking, prompting the government and those responsible for the economic file to think about alternatives to rescue the economy and avoid any potential crisis, including legislation Investment Law format attract investors and allow him to ground the appropriate legal environment which guarantees his money and speed up the implementation of the project.
Where we saw a number of experts and specialists in the financial and economic affairs that the Second Amendment to the investment law legislation that will reduce the burden on the State and the general budget being will contribute to the implementation of more than 4,000 project in various sectors, adding that the law gave substantial concessions to the investor and give him confidence and easy delivery territory procedures and adopted the principle of the window One obstacle to overcome administrative routine.
The economist said just Mandalawi, that the Second Amendment to the investment law was conducted by a group of experts and specialists and advisers and all of them expressed his opinion and put forward his idea and proposal, were most of the ideas in a constructive and keep up with the laws in force in most countries of the world and the region.
He Mandalawi Agency / KD / The new law dealt with a lot of problems that were an obstacle to investors and companies, including land, insurance and routine, since there are more than 4,000 investment opportunity in various provinces and various sectors, this law when the legislation will contribute to the implementation of more than 4,000 project, So it has reduced the burden on the state.
For its part, suggested a member of the economic and investment commission MP Najiba Najib, that the second amendment to the draft investment law will be passed during the next few days, especially after finishing the final touches him, saying that most of the comments were good and attractive for the investor.
She said Najib told / KD / The main problem that was encountered in the work of investors in the past is the territory and on the new law, we were able to put a solution, in addition to the issue of insurance Vtm develop mechanisms for how to deal has been allocated certain banks are dealt with by investors. She added that this law is good and necessary at the current stage of laws being will save the Iraqi economy and reduce the burden on the state and ease the burden of the federal budget, especially after the continued decline in oil prices, noting that the committee raised the law to the presidency of the parliament and will be presented to the Council in the coming days for the purpose of the vote.
He acknowledged the House of Representatives in October 2006 Iraqi investment law, but many foreign companies are still hesitant because of fears of security reality unstable in Iraq, in addition to the presence of some of the paragraphs is attractive for investment despite the amendment to the law in 2010, according to observers. / end /
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