Economic Committee calls for Investment law to speed up to encourage private investment

Posted: January 12, 2013 in Iraqi Dinar/Politics
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12/01/2013 12:11 am

BAGHDAD – morning
attributed the parliamentary economic committee, on Friday, not to stimulate investment projects in the country to delay the National Investment Commission to send the required amendments to the Investment Law to the House of Representatives

said a member of the Economic Committee Salman al-Moussawi’s Center Brief Iraqi Media Network that “the Commission has not yet received the paragraphs to be modified from the investment law and demanded by the National Investment Commission in order to attract investment companies”

adding that “the Commission demanded several times to lift the body of law to approve the amendments. “and added that “in case the law to the House of Representatives will make adjustments more exemptions will be granted to the investor and the involvement of private sector in the management of the public sector”. Moussawi continued ” law on his condition is not encouraging for the entry of foreign capital and Arab country.

said Chairman of the National Investment Commission Sami al-Araji’s (IMN) “The Commission raised مقتراحات to amend clauses in the Investment Law to Council Minister, who in turn will send to the House of Representatives to be the authentication process and the adoption of amendments in accordance with the constitutional formulas applicable. ”

The National Investment Commission confirmed earlier pursuit of another amendment to the Investment Law No. 13 of 2006 and that was modified paragraphs year 2009.

The House voted in 2009 to the first amendment bill to the Investment Law No. 13 of 2006.

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