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Calls for the formation of the parliamentary Economic Higher Council for Investment
On: Wed, 01/05/2012 6:12
□ Baghdad / follow-up term Economic
Commission asked for the economy and investment representative to form a system of integrated consists of the federal government, local governments and the investment and insurance companies and banks to facilitate the work of the investment sector, pointing to the existence of points of trading pieces of land in the country extorting investors.
A member of the Committee of Economy and Investment Abdul Hussein Abtan for "Twilight News" "There is a range of problems hinder the work of the investment sector of the bureaucracy, which is still rife in state departments and institutions, and the state of the intersection ongoing between the federal government and provinces and the differences in who has the consistence of the granting of land and project approval , and the lack of companies nationalized in Iraq, and the reluctance to work in banks. "
He Abtan that "the investment sector need to form a system of work integrated management of the federal government, local governments and the investment banks and insurance companies to provide support and facilitate the work of investors and with the system named the Supreme Council for investment or any other name. "
He pointed out that there are points of trade in the plots at the expense of investors to Astnzafhm material, as well as to the existence of bureaucracy and rampant corruption in state institutions and departments hinders the progress of work investment. "
acknowledged the investment in the year 2006 a new law to invest in Iraq, according to the law is the body responsible for all strategic investment projects of a federal nature exclusively, while the bodies of the regions and provinces are responsible for investment planning and granting investment licenses in their regions and conducted by the parliament extensive changes at the end of 2009.
complain of some businessmen and investors from the many obstacles facing them, notably, lack of commitment to the ministries the text of the Investment Law and his regime of the Council of Ministers.
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