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The amended investment law, a move to strengthen the economy
10/19/2015 0:00
Parliamentary weights to vote in today's session
BAGHDAD - Muhannad Abdul Wahab
counting members of the parliamentary Economic Committee that the vote on the amendments to the investment law, and approval would be a positive step in favor of the country as an economic way to attract investment and employment and strengthen the national economy and building a solid foundation master structures that need by the country, and it underlines the House of Representatives that the aim of the bill is to address some of the constraints shown by the practice when applying the law during the last period.
The Investment Law No. (13) of 2006 has been passed in the first electoral session of the House of Representatives. extensive discussions and saw stages of completion Project Second Amendment Act of Investment Law No. 13 of 2006, several meetings were marked by sharply discussions that have put the task of perceptions in terms of building ideas that will be effective and in the interest of the country and thus open up investment in the country's process and deal with it on the basis of flexibility. A member of the Economic Committee Nora Albjara «The law passed several stages and extensive studies depending on the importance of the draft second amendment bill to the Investment Law No. 13 of 2006, in which the First Deputy Chairman of the House of Representatives Hamoudi in the meetings of the Committee hoped to vote on the draft second amendment law Investment Law No. (13) for the year 2006 in the House of Representatives session for next Monday. confirmed in a statement to «morning» that the House of Representatives completed the first and second of the second draft amendment to the Law Investment Law readings. She «to that (27) deputies raised a number of views and proposals and claims when discussing the draft second amendment bill to the Investment Law No. 13 of 2006, was most notably the proposal to establish a department for planning within the Investment Authority and the inclusion of public sector investment as this will lead to the privatization will affect the economic situation and the labor and the need to have the House of Representatives the right to control the Investment Authority and limiting the mandate of the head of the investment of time and one without the extension and the adoption of specific timing for the selection of officials in the Investment Authority in order to get away from the resort to the appointment by proxy. amend laws in turn between a member of the Committee Knight Knight that the Presidium of the House of Representatives held (3) meetings in the presence of the committees of the economy, investment and financial Alniabaten, and head of the investment and discussed at the meetings the second draft amendment to the law of investment and exited the new amendments to the investment law to reach the sober law that guarantees the rights of all and aims to promote and stimulate economic and human resources and the development of a practical mechanism for the development of investment in the country. He said in a statement «morning» that the Committee on Economy and Investment held its first international conference in order to contribute to the improvement and development of the investment environment in Iraq, in the presence of ministers as well as Arab and foreign investors, agents and ministries and heads of the national investment and Conference recommended overcoming the obstacles facing the application of the investment law. He pointed out that the Chairman of the Committee of Economy and investment Jawad al-Bolani between the second amendment to the draft second amendment to the Law of Investment Law No. (13) of 2006 included five paragraphs President concerning «the developer and arbitration, financing and the development bank to support the investor and the establishment of the Iraqi investors Union» hosted the specialists for its part, he indicated a member of the Economic Committee Najiba Najib to that the economic and investment commission has made (4) hosted the was the first with the head of the National Investment Commission Sami al-Araji, to discuss the text of the Second Amendment to the Iraqi investment law, stressing that the Commission has introduced a series of radical law changes, which will be an important factor in the creation of excellent investment environment and meet the aspiration of all parties. She drew Najib in a statement to «morning» that the summary Alastdavat was agreement on texts that will increase the size of the powers of the Iraqi ministries to invest its resources in the investment side, as well as to include the draft law some mechanisms applied for the first time, including arbitration and the Union of investors and an end to the problem of ownership of land and roads awarded Investment. She said «that the economic and investment commission expanded seminar held within the seminars held by on the draft second amendment to the law of the Iraqi Investment Law No. series (13) of 2006, in the presence of investment circles managers in the Ministries of Agriculture, Defense, Construction and Housing, oil and devoted the seminar to discuss the issue of government land for projects allocation investment and the most important obstacles facing converted into land for investment, procedures and laws that stand in the way of turning them into investment land as the symposium discussed the material and legal paragraphs that hinder and prevent the government land allocated to investment. completion of the Iraqi economy for his part said a researcher in political affairs and economic Rahim al-Shammari « that step vote on the draft amendment of the Investment Law completion of the Iraqi economy, came the time that passes by Iraq and the Middle East, economic and security crisis requires activation of agricultural and urban industrial sectors, which need to simplify regulatory procedures and laws. He Shammari in a statement to «the morning» an urgent need to amend the paragraphs of the current materials and the Investment Law No. 13 of 2006 and members of the economy and investment are involved in this way as an economic way to attract investment and operation of labor and strengthen the economy and build a solid foundation structures that are basic to the country needs.
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