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26/05/2011
Recommendations of the governmental and parliamentary elections for the advancement of the economy
Today Closure of the Conference of Iraq's future
بغداد ـ الصباح Baghdad morning
Conclude its work in Baghdad today, the Conference of the economic future of Iraq, by declaring the recommendations of the inter-governmental and parliamentary elections for the advancement of the economy and attract investments.
And held in a chamber of the House of Representatives yesterday, the second session of the Conference, where they discussed a number of themes that contribute to the advancement of economic reality and the promotion of investment opportunities and development in Iraq.
Has issued the axis of turning-owned companies to public institutions and convert them to the pattern of trade discussions the two conferences on the second day, as called for Abdul Hussein Al-Anbuge economic adviser in the prime minister his word to the need to develop a road map to reform state-owned companies which are suffering from a ruthless and surplus labor, pointing out the existence of a special team formed by the government to reform and the reality of these public companies.
He explained the importance of "reform of existing legislation to begin the process of restructuring state-owned companies because of an urgent need for new legislation to provide a good basis for the reform of these companies and the creation of the business climate."
He Anbuge: "it was to identify three stages of the development of institutional in this regard is the current, transitional and final, as will the government during the transitional phase to introduce tools and mechanisms aimed at stimulating demand in the market for products and services provided by state-owned enterprises according to a competitive basis either during the current stage you would the government ongoing efforts to increase support for the purposes of creating a climate for innovation and knowledge-based activities necessary".
He noted that "Achieving sustainable growth requires the adoption of legislation necessary to transform companies and modify the roles of government on the state's economy and tax system in a manner conducive to the promotion of self-financing and import substitution adequate through the tax and customs systems and support the ministries and other institutions in the formulation and implementation of strategies and sector development policies and the preparation of the necessary measures to absorb the surplus staff and create jobs."
Then showed a number of conferences opinions and interventions, which focused on the need to be the government's plan to transform state-owned companies to public institutions, useful and effective, in addition to the need to overcome the challenges facing the Iraqi economy and the labor sector in addition to the call to find a media interactive and have a role in influencing community to promote the reality of the current economic, as well as the importance of expediting legislation the Labour Code and the achievement of social partnership to promote the industrial side, with the participation of trade unions.
In regard to the investment law, introduced Amer Jeweler representative of the United Nations Industrial Development Organization a report containing the most important gaps that Taatari Investment Law No. (13) for the year 2006 and in the forefront is not selected economic objectives of the law in a clear and limited application of the law on small and medium-sized and the lack of clarity of the mechanism guarantees the investor in with regard to free transport and conversion in addition to the weak knowledge of national priority for recruitment.
And recommended the paper submitted on the investment law, the legislative policy that "is divided by the investment law to tools Tcherieitin broad deal with the first issue of domestic private investment and the other focusing on foreign direct investment and help the local economy to leave the gray area by giving exemptions and benefits automatically to certain amounts of tax, especially on income tax companies and giving the additional advantage of the most important investments and the necessity of granting investment licenses automatically according to objective criteria and the system of fair distribution of quotas. "
It stressed the proposed recommendations on the importance that "the selection process transparent and competitive manner, both through the application of public procurement rules, and be sure that national investors will be excluded from the selection process, in addition to the importance of a unit investment of a strong central such as the National Commission for Investment in Iraq to ensure efficiency in the investment process, and not be confused between the body and policy-makers at various levels (provinces of central and local), as well as clarifying the national priority for employment."
He called jeweler that "provide the investment law guaranteeing the rights of investment even on public lands of the state and that is enacted a special law to allow access to secure rights and real private construction on public lands throughout the duration of the right to use land in order to facilitate the financing of this construction on public lands, in addition to the importance of clarifying the protection of the domestic courts are more in the interest of investors, as well as compliance with regard to the requirement of the minimum to the Convention on Washington and Conventions New York to attract potential investors from all over the world, which will be a strong signal of this change will happen in Iraq and an important step towards accession to the WTO ".
[You must be registered and logged in to see this link.]
Recommendations of the governmental and parliamentary elections for the advancement of the economy
Today Closure of the Conference of Iraq's future
بغداد ـ الصباح Baghdad morning
Conclude its work in Baghdad today, the Conference of the economic future of Iraq, by declaring the recommendations of the inter-governmental and parliamentary elections for the advancement of the economy and attract investments.
And held in a chamber of the House of Representatives yesterday, the second session of the Conference, where they discussed a number of themes that contribute to the advancement of economic reality and the promotion of investment opportunities and development in Iraq.
Has issued the axis of turning-owned companies to public institutions and convert them to the pattern of trade discussions the two conferences on the second day, as called for Abdul Hussein Al-Anbuge economic adviser in the prime minister his word to the need to develop a road map to reform state-owned companies which are suffering from a ruthless and surplus labor, pointing out the existence of a special team formed by the government to reform and the reality of these public companies.
He explained the importance of "reform of existing legislation to begin the process of restructuring state-owned companies because of an urgent need for new legislation to provide a good basis for the reform of these companies and the creation of the business climate."
He Anbuge: "it was to identify three stages of the development of institutional in this regard is the current, transitional and final, as will the government during the transitional phase to introduce tools and mechanisms aimed at stimulating demand in the market for products and services provided by state-owned enterprises according to a competitive basis either during the current stage you would the government ongoing efforts to increase support for the purposes of creating a climate for innovation and knowledge-based activities necessary".
He noted that "Achieving sustainable growth requires the adoption of legislation necessary to transform companies and modify the roles of government on the state's economy and tax system in a manner conducive to the promotion of self-financing and import substitution adequate through the tax and customs systems and support the ministries and other institutions in the formulation and implementation of strategies and sector development policies and the preparation of the necessary measures to absorb the surplus staff and create jobs."
Then showed a number of conferences opinions and interventions, which focused on the need to be the government's plan to transform state-owned companies to public institutions, useful and effective, in addition to the need to overcome the challenges facing the Iraqi economy and the labor sector in addition to the call to find a media interactive and have a role in influencing community to promote the reality of the current economic, as well as the importance of expediting legislation the Labour Code and the achievement of social partnership to promote the industrial side, with the participation of trade unions.
In regard to the investment law, introduced Amer Jeweler representative of the United Nations Industrial Development Organization a report containing the most important gaps that Taatari Investment Law No. (13) for the year 2006 and in the forefront is not selected economic objectives of the law in a clear and limited application of the law on small and medium-sized and the lack of clarity of the mechanism guarantees the investor in with regard to free transport and conversion in addition to the weak knowledge of national priority for recruitment.
And recommended the paper submitted on the investment law, the legislative policy that "is divided by the investment law to tools Tcherieitin broad deal with the first issue of domestic private investment and the other focusing on foreign direct investment and help the local economy to leave the gray area by giving exemptions and benefits automatically to certain amounts of tax, especially on income tax companies and giving the additional advantage of the most important investments and the necessity of granting investment licenses automatically according to objective criteria and the system of fair distribution of quotas. "
It stressed the proposed recommendations on the importance that "the selection process transparent and competitive manner, both through the application of public procurement rules, and be sure that national investors will be excluded from the selection process, in addition to the importance of a unit investment of a strong central such as the National Commission for Investment in Iraq to ensure efficiency in the investment process, and not be confused between the body and policy-makers at various levels (provinces of central and local), as well as clarifying the national priority for employment."
He called jeweler that "provide the investment law guaranteeing the rights of investment even on public lands of the state and that is enacted a special law to allow access to secure rights and real private construction on public lands throughout the duration of the right to use land in order to facilitate the financing of this construction on public lands, in addition to the importance of clarifying the protection of the domestic courts are more in the interest of investors, as well as compliance with regard to the requirement of the minimum to the Convention on Washington and Conventions New York to attract potential investors from all over the world, which will be a strong signal of this change will happen in Iraq and an important step towards accession to the WTO ".
[You must be registered and logged in to see this link.]
