During the opening of an exhibition of Baghdad Maliki: We will amend the investment law, if hindered the entry of foreign capital
Prime Minister Nuri al-Maliki Iraqi economy as “strong and solid”, while pledged to amend the investment law if blocked entry of foreign capital.
said Nuri al-Maliki in a speech during a ceremony to mark the opening session of the 39 to the Baghdad International Fair, “Iraq began heading to a market economy in cooperation with the private sector, which is a partner safe in the process of reconstruction and investment, “describing the Iraqi economy at the moment as” strong and solid. “
Maliki said that “Iraq is now the investment opportunity in the region that everything it needs for reconstruction and private infrastructure”, vowing to amend Investment Law, passed by the House of Representatives in 2006, if we find it no impediment to the entry of foreign capital. ”
He said Maliki that “we have become a system of laws especially reconstruction and investment guarantees capital volatility”, telling foreign companies investment by saying “We guarantee you any fluctuations under the law binding on the state. ”
Al-Maliki Baghdad International Fair “opportunity for companies to learn the Iraqi economy and investment opportunities in it also provides the opportunity to learn the latest techniques that reached international companies,” and urged the Ministry of Commerce to “send a message to the world about attitudes of the Iraqi economy and growth processes Despite setbacks caused by terrorism. ”
and opened the Ministry of Commerce on Thursday session of the 39 to the Baghdad International Fair with the participation of A Company Arab and foreign and 20 countries, stressing that the exhibition will continue for ten days.
said Trade Minister Khairallah Babacar Zebari, in a speech on the sidelines of the opening ceremony Baghdad states that “nearly 1000 companies and 20 Arab and foreign countries participated the exhibition,” noting that it “will continue until the tenth of this November for a period of ten days.” The General Company for Trade of the Ministry of Commerce announced, on the sixth of October 2012, the high post State and international companies in the Baghdad International Fair in its 39 th coming to 21 countries, while believing that the participation of States and companies in the exhibition within the previous sessions was a formality and is not serious.
declared the province of Baghdad, on the sixth of September 2012, it is currently implementing 30 projects in the exhibition Baghdad International including the establishment of 15 new hall dedicated to display the products of companies participating in the exhibition, as well as halls for the reception of foreign companies and other projects related to infrastructure. was director of the Baghdad International Fair Sadiq Hussain Sultan has confirmed, in July 2012, the Council of Ministers approved the allocation of 500 dunams of land for the establishment of the Baghdad International Fair’s new palace complex FAO, noting that the frequent traffic jams that occur during a cycle exhibition annual and magnitude of international exhibitions prompted the Ministry of Commerce searching for an alternative location for the exhibition.
often based Baghdad Operations Command to close streets leading to the Baghdad International Fair Indeed in the Mansour district in western Baghdad, sparking great resentment among many citizens wishing to visit the exhibition they find it difficult to access it, in addition to having most of the shops near the exhibition to close because of the militarization of the region.
Separately noted economic expert Abdul Sattar al-Hashemi, the need contracting with specialized international companies to extract minerals and invested for the advancement of the national economy, pointing out that Iraq has the natural riches many untapped.
Hashemi said that Iraq is one of the rich countries in natural resources and has a wealth great either in the ground or outside, but still untapped metal phosphate, sulfur and mercury.
added: it is necessary to exploit those minerals to diversify sources of national income and strengthen the national economy and development, through a contract with international companies sober and specialized to extract minerals from the earth and investment.
called to: re-activate industrial plants Iraqi and development by providing the necessary support, they push towards economic stability in the country through the transformation of the economy from a one-to-income revenue because it will depend on a variety of financial and imports not only from the oil.
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