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Minister of Industry: We have obtained the approval of the Council of Ministers to legislate the economic reform law
Economy 04-7-2023, 11:45
Najaf Al-Ashraf - Inform - Haider Farman
Today, Friday, the Minister of Industry, Khaled Battal Al-Najm, counted the suspended factories in the country, and while he made clear the impossibility of restoring work in most of them, he announced obtaining the approval of the Council of Ministers to legislate a law under the name of economic reform.
Al-Najm said, during a press conference attended by the correspondent of the Iraqi News Agency (INA), that
"certain steps known to all have been taken in dealing with some contracts, and we have a review of all partnership contracts amounting to 177 contracts at the ministry's headquarters, in addition to stopping some contracts and trying to process some of them and referral Some of them are sent to the Inclusion Committee because of the waste of public money.” He added,
"The ministry works within a clear government program, and we adopt strategic industries in Iraq represented in iron and steel, fertilizers, petrochemicals, medicines, sulfur, phosphates, and electrical industries represented by transformers and electric cables." And he continued:
"As for other detailed industries, we leave room for the private sector to grow, especially as it is important in bringing about a shift in Iraqi industries, and the Ministry of Industry is not only concerned with government industries and companies, but rather sponsors, supports and cooperates with the private sector, but rather offers it over public companies in many cases." detail industries.
Regarding the stopped factories, Al-Najm said:
“The stopped factories amount to 104 factories, most of which cannot be worked in because they are outdated and outside the default age, as most of them date from the sixties and fifties,” noting that
“some factories began work in them in the fifties, but they are still working, including Babylon Cement Factory, which started work in 1954, and Al-Rafidain Cement Factory in 1957. And he added,
"The old factories cannot be re-worked, but we went towards restructuring some companies according to the government program, and we are currently working on restructuring (the General Company for Textiles and Leather, and the General Company for Food Industries), and
this does not mean canceling them or laying off workers, but we are studying the suspended factories It is workable, either we refer it to investment, or we stop it and dispose of it in accordance with the laws that allow that.”
With regard to the ministry's budget, the minister indicated that
"the ministry's budget includes two parts, the
first of which is the operational part through which salaries and other regulated operational expenses are covered, and the
second is the investment part, as there are projects under construction, and there are funds allocated for their completion, while new projects will not be completed."
We include, with the exception of important ruling projects,” stressing that
“the Ministry of Industry is supposed to participate and contribute to financing the budget and not take from it.”
Regarding the transformation from socialism and entering into privatization and capitalism, the star said:
"Part of this issue is related to the clear laws of the constitution, and our constitution in 2005 was working towards the market, but some laws are still represented by trademarks in 1957, and the industrial investment law in 1998, and others.” And he continued:
“Two weeks ago, we agreed in the Council of Ministers to work on legislating a law called (the Economic Reform Law). We take all the paragraphs from the various laws that have problems with implementation, and we try to put them in one law that goes to the House of Representatives to be legislated.” He pointed out that
"the holy shrines have industrial projects within the law, and they have industrial investment licenses," stressing that "the ministry deals with the shrines and all the private sector in a spirit of cooperation, as these factories contribute to the national economy." He pointed out that
"the Popular Mobilization Authority established the Engineer Company, but it has not yet started with actual projects, as it was established recently," stressing that
"there is no objection to cooperation with the Engineer Company, the Holy Shrines and the private sector, as long as each specialization is preserved and there is no overlap in Work and inclination to a company. He explained that
"Iraq has a large import from Turkey and Iran, not a commercial exchange, part of this import is related to industries that we can establish in Iraq," pointing out that
"there is an intersection of interests and problems in the Iraqi industrial sector for several reasons, including the lack of raw materials and
the other part is related to the lack of The availability of continuous electric power, as here there will be additional production costs on the factory, and
part of it is relatively related to the strength of the Iraqi dinar, as the merchant searches for a strong dinar and the industrialist searches for a weak dinar, and
the stronger the dinar, the more trade will increase at the expense of industry, and thus foreign trade will increase.
https://www.ina.iq/182376--.html
Economy 04-7-2023, 11:45
Najaf Al-Ashraf - Inform - Haider Farman
Today, Friday, the Minister of Industry, Khaled Battal Al-Najm, counted the suspended factories in the country, and while he made clear the impossibility of restoring work in most of them, he announced obtaining the approval of the Council of Ministers to legislate a law under the name of economic reform.
Al-Najm said, during a press conference attended by the correspondent of the Iraqi News Agency (INA), that
"certain steps known to all have been taken in dealing with some contracts, and we have a review of all partnership contracts amounting to 177 contracts at the ministry's headquarters, in addition to stopping some contracts and trying to process some of them and referral Some of them are sent to the Inclusion Committee because of the waste of public money.” He added,
"The ministry works within a clear government program, and we adopt strategic industries in Iraq represented in iron and steel, fertilizers, petrochemicals, medicines, sulfur, phosphates, and electrical industries represented by transformers and electric cables." And he continued:
"As for other detailed industries, we leave room for the private sector to grow, especially as it is important in bringing about a shift in Iraqi industries, and the Ministry of Industry is not only concerned with government industries and companies, but rather sponsors, supports and cooperates with the private sector, but rather offers it over public companies in many cases." detail industries.
Regarding the stopped factories, Al-Najm said:
“The stopped factories amount to 104 factories, most of which cannot be worked in because they are outdated and outside the default age, as most of them date from the sixties and fifties,” noting that
“some factories began work in them in the fifties, but they are still working, including Babylon Cement Factory, which started work in 1954, and Al-Rafidain Cement Factory in 1957. And he added,
"The old factories cannot be re-worked, but we went towards restructuring some companies according to the government program, and we are currently working on restructuring (the General Company for Textiles and Leather, and the General Company for Food Industries), and
this does not mean canceling them or laying off workers, but we are studying the suspended factories It is workable, either we refer it to investment, or we stop it and dispose of it in accordance with the laws that allow that.”
With regard to the ministry's budget, the minister indicated that
"the ministry's budget includes two parts, the
first of which is the operational part through which salaries and other regulated operational expenses are covered, and the
second is the investment part, as there are projects under construction, and there are funds allocated for their completion, while new projects will not be completed."
We include, with the exception of important ruling projects,” stressing that
“the Ministry of Industry is supposed to participate and contribute to financing the budget and not take from it.”
Regarding the transformation from socialism and entering into privatization and capitalism, the star said:
"Part of this issue is related to the clear laws of the constitution, and our constitution in 2005 was working towards the market, but some laws are still represented by trademarks in 1957, and the industrial investment law in 1998, and others.” And he continued:
“Two weeks ago, we agreed in the Council of Ministers to work on legislating a law called (the Economic Reform Law). We take all the paragraphs from the various laws that have problems with implementation, and we try to put them in one law that goes to the House of Representatives to be legislated.” He pointed out that
"the holy shrines have industrial projects within the law, and they have industrial investment licenses," stressing that "the ministry deals with the shrines and all the private sector in a spirit of cooperation, as these factories contribute to the national economy." He pointed out that
"the Popular Mobilization Authority established the Engineer Company, but it has not yet started with actual projects, as it was established recently," stressing that
"there is no objection to cooperation with the Engineer Company, the Holy Shrines and the private sector, as long as each specialization is preserved and there is no overlap in Work and inclination to a company. He explained that
"Iraq has a large import from Turkey and Iran, not a commercial exchange, part of this import is related to industries that we can establish in Iraq," pointing out that
"there is an intersection of interests and problems in the Iraqi industrial sector for several reasons, including the lack of raw materials and
the other part is related to the lack of The availability of continuous electric power, as here there will be additional production costs on the factory, and
part of it is relatively related to the strength of the Iraqi dinar, as the merchant searches for a strong dinar and the industrialist searches for a weak dinar, and
the stronger the dinar, the more trade will increase at the expense of industry, and thus foreign trade will increase.
https://www.ina.iq/182376--.html
