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The Parliamentary Committee on the economy calls for the formation of a "system" to facilitate government investment procedures
POST 16 MAY 2013 10:44
BAGHDAD / Center Brief for the Iraqi Media Network ( IMN) - The Commission on the economy and investment representative, on Thursday, the administrative structure and legal status of the Supreme National Commission for Investment are not allowed to issue orders to the relevant ministries relations or provinces with regard to facilitating procedures for investment, calling for the formation of system investment is the investment part of it.
A member of the Committee Abdul-Hussein Abtan for ( IMN) That "Investment Authority has worked during the past period and well made achievements, but the problem of investment in Iraq summed up the lack of senior management of investment and file that have the ability to issue orders to the government institutions and the relevant authorities to file investment."
He explained that "the administrative structure and legal status of the Supreme National Commission for Investment are not allowed to issue orders to the relevant ministries relations or provinces with regard to facilitating procedures for investment, so it is necessary to form a system of investment will be the part of it to be administered under the chairmanship of the Prime Minister or his representative and be able to issuing orders to the ministries and provinces to facilitate the investment business. "
Abtan continued that "the ministries of interior and municipalities, financial and banking departments and provincial councils and provinces all have a direct correlation to work investment is therefore necessary for the existence of so a system to coordinate work with the investment and to have the power to issue orders."
The Iraqi government announced yesterday it had agreed on a draft exemption Iraqi and foreign companies implementing investment projects from taxes and fees to encourage the movement of investment in the country.
He acknowledged the Iraqi investment law in 2006 and was conducted by the amendments in 2009 which allowed to own land to investors but the investment movement has seen a remarkable development.
Iraq desperately needs to contribute to investment projects with the government's efforts in Provision of basic services to citizens and which is still scarce, although budgets Huge financial and derived from the sale of crude oil imports.
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POST 16 MAY 2013 10:44
BAGHDAD / Center Brief for the Iraqi Media Network ( IMN) - The Commission on the economy and investment representative, on Thursday, the administrative structure and legal status of the Supreme National Commission for Investment are not allowed to issue orders to the relevant ministries relations or provinces with regard to facilitating procedures for investment, calling for the formation of system investment is the investment part of it.
A member of the Committee Abdul-Hussein Abtan for ( IMN) That "Investment Authority has worked during the past period and well made achievements, but the problem of investment in Iraq summed up the lack of senior management of investment and file that have the ability to issue orders to the government institutions and the relevant authorities to file investment."
He explained that "the administrative structure and legal status of the Supreme National Commission for Investment are not allowed to issue orders to the relevant ministries relations or provinces with regard to facilitating procedures for investment, so it is necessary to form a system of investment will be the part of it to be administered under the chairmanship of the Prime Minister or his representative and be able to issuing orders to the ministries and provinces to facilitate the investment business. "
Abtan continued that "the ministries of interior and municipalities, financial and banking departments and provincial councils and provinces all have a direct correlation to work investment is therefore necessary for the existence of so a system to coordinate work with the investment and to have the power to issue orders."
The Iraqi government announced yesterday it had agreed on a draft exemption Iraqi and foreign companies implementing investment projects from taxes and fees to encourage the movement of investment in the country.
He acknowledged the Iraqi investment law in 2006 and was conducted by the amendments in 2009 which allowed to own land to investors but the investment movement has seen a remarkable development.
Iraq desperately needs to contribute to investment projects with the government's efforts in Provision of basic services to citizens and which is still scarce, although budgets Huge financial and derived from the sale of crude oil imports.
[You must be registered and logged in to see this link.]
