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Paper work to amend the investment law
08/05/2012 2:35
Baghdad - Al-Sabah
made a national investment, on a working paper for the House of Representatives include the necessary measures to amend the investment law of 2006 for the second time, pointing out that this step aims to contribute to the maturation of the legislative environment favorable for investment in Iraq.
The head of the Sami al-Araji, in a press statement received " morning, "a copy of it, that" practical experience undergone by the body by dealing with investment companies wishing to invest in Iraq, demonstrated the need to re-consider a number of laws and amendments to the task of the first and foremost a second amendment to the Investment Law No. (13) for the year 2006 average , "noting that" the amendment is aimed at fueling the legislative environment favorable for investment in Iraq and the various sectors. "He al-Araji, that" the Commission submitted a working paper to the Parliament specify the action to be taken to amend the law, "explaining that the paper includes" giving more powers to the representatives of the ministries in the body to activate the work of the Single Window and the provision of infrastructure investment projects to ensure success and completion Baltoukitat the specified time for it. "and added that" the Commission to activate Article (9 / VIII) of the Investment Law, which states, to encourage the Iraqi investors through the provision of soft loans and financial facilities to them , "pointing out that" the Committee which includes representatives from the Ministry of Finance and Central Bank and private banks, and set up by the Commission, has completed the development of appropriate mechanisms for the process of soft loans. "
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