Member of the Committee on economy: activation code investment will attract foreign companies to invest in Iraq
Date: 2012-08-18 14: 46: 02 Saturday
Baghdad (News) …Student member of the Parliamentary Commission of economy and investment Deputy/rule of law/Abdul Salam al-Maliki, the Iraqi Government to speed up the activation code new investment.
Al-Maliki said in a statement received (News Agency news) on Saturday: the new investment law contained more than 70 articles very important in achieving Iraqi economy advanced and quality in line with global conditions and development where we believe that such laws should state greater attention and focus.
He added that the law would remove a lot of distortions that hit the Iraqi economy and reduce considerably financial and administrative corruption well it will give more opportunities for foreign companies invested in order to enter Iraq and by reducing red tape and the complexity and constraints that make such companies alienate the Iraqi scene.
And: the new investment law falls within the reform process taking place in Iraq through mutual understandings between all political parties where they can activate this law is considered key to any reform effort as they include handlers for problems and observations raised by investors in addition to consolidate economic and investment terms in one body or service through a single law saves investors problems dealing with more than one law at a time