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MPs and experts are critical of the investment law and affirm the need to modify
Date: Monday 12/03/2012 10:04
Baghdad / term follow-up
Parliamentarians and experts called to the need to amend the law on investment and remove obstacles, arguing for the need to exploit the conditions that encourage neighboring countries to attract the largest number of investors to the country. A member of the Commission Services and Construction parliamentary Ismail Ghazi on the need to deal with investors coming to Iraq's high level of transparency show a sincere intention to develop the country economically, especially after the occurrence of strikes in neighboring countries and the countries of Arab spring. Ghazi said, according to the Agency (news):
The security and political stability have a significant role in attracting investors, noting that the security situation in the country is still fragile and needs to intensify the work of security services for the establishment of security in order to reassure the investor when he entered to invest in Iraq. Said Ghazi: The neighboring countries with conditions hinder the investment being unstable security, political, encourages the investor to turn to Iraq, which seemed to become more secure, calling to exploit these conditions to attract the largest number of investors to Iraq and said Syria is suffering from internal problems and not to invest in them, and Jordan, a country does not need to invest, as well as imposition of international sanctions on Iran, nor can any investor to risk his money in a country shall be subject to international sanctions. at the same time, member of the Finance Committee in the House of Representatives Secretary Hadi Abbas that the foreign investor when it comes to Iraq collide with a set of constraints, most notably granting the land and possessed it, because the investor needs to ensure that his money and fear of loss, and warranty come through Tmen land to invest in it. He said Abbas: The law on investment in the country needs to be amended because it contains clauses that make it difficult understanding between investors and the government, calling for fair treatment of investors by government departments like the countries of the world's developed so motivated to invest. Abbas insisted on the importance of taking the media role to attract investors to Iraq through the deployment of cases positive for the security situation, noting that the security situation in Iraq has improved relatively higher than in the past. For his part, called for an economist as beautiful to the need to create an intellectual base for investment include the existence of culture and ethics and awareness in dealing with the investor when he came to the country by state officials that their actions relating to investors is repulsive for investment and not attractive. Jameel said: The laws relating to investment are not enough and must modify some paragraphs of the law or legislation A new law gives full privileges to investors and put the facilities in their dealings with government departments as a circle or a general tax and other banks, pointing to the need to create an attractive environment to invest in Iraq because the country needed, especially at this time. He added beautiful: that Iraq has become a better place than the rest of the neighboring countries for investment, the environment and the money helps the investor to come to Iraq
He called for the need to exploit these conditions to attract investors and create an attractive environment for investment through the application of the principle of single window, which means granting the investor vacation complete within the Investment Authority, or in the bodies of investment provinces and without any hindrance. In turn demanded an economist Ismail Abdul Hussein review of the regulations and the regulations issued by the Council of Ministers and the National Investment Commission as it restricts the work of investors in Iraq and delay the investment process in the country. said Abdul-Hussein, according to the Agency (news): These regulations lag behind not keeping systems investment of modern and not with the vision of the state in the trend towards market economies and impeded the entry of the investor to Iraq . said Abdul Hussein: It ought to give confidence to foreign investors to enter the investment environment through the development of facilities to him and encourage him to work in Iraq and the development of the banking system to keep the money invested as well as the elimination of red tape and the application of the single window in order to facilitate investment in Iraq and to attract the largest number of investors pointed to the country while a member of the Finance Committee Najeeba answer a lot of difficulties and obstacles that stand in front of investors from entering the country, calling for the removal of all obstacles in front of investors, to encourage him to enter Iraq. Najib said in an earlier statement that Iraq is suffering from the deadly routine and widespread in all its circuits and its institutions, which led to obstruction of the investment process and the reluctance of investors from coming, noting that the law of the current investment law is the same as you are working with the Kurdistan Regional Government.
She explained a member of the Finance Committee representative, because the Kurdistan region has succeeded in investing because it removed all the obstacles that stand in front of the investor and served on the administrative routine in its circuits, although it works the same law of the current investment of the federal government, calling for a benefit from the experience of investment which met with great success in the Kurdistan Region .
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Date: Monday 12/03/2012 10:04
Baghdad / term follow-up
Parliamentarians and experts called to the need to amend the law on investment and remove obstacles, arguing for the need to exploit the conditions that encourage neighboring countries to attract the largest number of investors to the country. A member of the Commission Services and Construction parliamentary Ismail Ghazi on the need to deal with investors coming to Iraq's high level of transparency show a sincere intention to develop the country economically, especially after the occurrence of strikes in neighboring countries and the countries of Arab spring. Ghazi said, according to the Agency (news):
The security and political stability have a significant role in attracting investors, noting that the security situation in the country is still fragile and needs to intensify the work of security services for the establishment of security in order to reassure the investor when he entered to invest in Iraq. Said Ghazi: The neighboring countries with conditions hinder the investment being unstable security, political, encourages the investor to turn to Iraq, which seemed to become more secure, calling to exploit these conditions to attract the largest number of investors to Iraq and said Syria is suffering from internal problems and not to invest in them, and Jordan, a country does not need to invest, as well as imposition of international sanctions on Iran, nor can any investor to risk his money in a country shall be subject to international sanctions. at the same time, member of the Finance Committee in the House of Representatives Secretary Hadi Abbas that the foreign investor when it comes to Iraq collide with a set of constraints, most notably granting the land and possessed it, because the investor needs to ensure that his money and fear of loss, and warranty come through Tmen land to invest in it. He said Abbas: The law on investment in the country needs to be amended because it contains clauses that make it difficult understanding between investors and the government, calling for fair treatment of investors by government departments like the countries of the world's developed so motivated to invest. Abbas insisted on the importance of taking the media role to attract investors to Iraq through the deployment of cases positive for the security situation, noting that the security situation in Iraq has improved relatively higher than in the past. For his part, called for an economist as beautiful to the need to create an intellectual base for investment include the existence of culture and ethics and awareness in dealing with the investor when he came to the country by state officials that their actions relating to investors is repulsive for investment and not attractive. Jameel said: The laws relating to investment are not enough and must modify some paragraphs of the law or legislation A new law gives full privileges to investors and put the facilities in their dealings with government departments as a circle or a general tax and other banks, pointing to the need to create an attractive environment to invest in Iraq because the country needed, especially at this time. He added beautiful: that Iraq has become a better place than the rest of the neighboring countries for investment, the environment and the money helps the investor to come to Iraq
He called for the need to exploit these conditions to attract investors and create an attractive environment for investment through the application of the principle of single window, which means granting the investor vacation complete within the Investment Authority, or in the bodies of investment provinces and without any hindrance. In turn demanded an economist Ismail Abdul Hussein review of the regulations and the regulations issued by the Council of Ministers and the National Investment Commission as it restricts the work of investors in Iraq and delay the investment process in the country. said Abdul-Hussein, according to the Agency (news): These regulations lag behind not keeping systems investment of modern and not with the vision of the state in the trend towards market economies and impeded the entry of the investor to Iraq . said Abdul Hussein: It ought to give confidence to foreign investors to enter the investment environment through the development of facilities to him and encourage him to work in Iraq and the development of the banking system to keep the money invested as well as the elimination of red tape and the application of the single window in order to facilitate investment in Iraq and to attract the largest number of investors pointed to the country while a member of the Finance Committee Najeeba answer a lot of difficulties and obstacles that stand in front of investors from entering the country, calling for the removal of all obstacles in front of investors, to encourage him to enter Iraq. Najib said in an earlier statement that Iraq is suffering from the deadly routine and widespread in all its circuits and its institutions, which led to obstruction of the investment process and the reluctance of investors from coming, noting that the law of the current investment law is the same as you are working with the Kurdistan Regional Government.
She explained a member of the Finance Committee representative, because the Kurdistan region has succeeded in investing because it removed all the obstacles that stand in front of the investor and served on the administrative routine in its circuits, although it works the same law of the current investment of the federal government, calling for a benefit from the experience of investment which met with great success in the Kurdistan Region .
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