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Tomorrow/Baghdad: the Secretary General of the Council of Ministers on relations, Monday, the legislative and executive branches to lift old laws facing foreign investors, saying that the real investment needs a supportive and appropriate ground rules for foreign investors.
He said the relationship of "tomorrow", "the legislative and executive branches to lift old laws facing foreign investors in banking walkmarki and to allow them to engage in investment activity under the umbrella of the regulatory authority in nature."
"The relationship was considered the nature of the investment in Iraq crippled investor and does not provide the required formula for action", adding that "banks, customs laws and the applicable administrative routine is not commensurate with the need of Iraq to foreign investors and foreign companies to work in the country and this makes investors think a thousand times before placing a capital project in Iraq."
He continued that "the Government and Parliament are working on laws supporting investment and stimulate the entry of capital to work in Iraq."
The many foreign companies wished to enter Iraq to participate in the reconstruction of Iraq, but the complex investment laws and the security situation has prevented the entry of many of these companies.
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He said the relationship of "tomorrow", "the legislative and executive branches to lift old laws facing foreign investors in banking walkmarki and to allow them to engage in investment activity under the umbrella of the regulatory authority in nature."
"The relationship was considered the nature of the investment in Iraq crippled investor and does not provide the required formula for action", adding that "banks, customs laws and the applicable administrative routine is not commensurate with the need of Iraq to foreign investors and foreign companies to work in the country and this makes investors think a thousand times before placing a capital project in Iraq."
He continued that "the Government and Parliament are working on laws supporting investment and stimulate the entry of capital to work in Iraq."
The many foreign companies wished to enter Iraq to participate in the reconstruction of Iraq, but the complex investment laws and the security situation has prevented the entry of many of these companies.
[You must be registered and logged in to see this link.]
