12/18/2013
Said an economist, said on Wednesday that the Iraqi market “still fragile” and unable to compete with their counterparts in the region or attract investors, while showed the Ministry of Commerce that it has started a plan that would “set the market and inflation and prevent monopoly,” expected to result soon ” the mobility of the two types, “especially after rid Iraq of Chapter VII.
This came during a seminar organized by the Federation of Industries of Iraq, today, the Lebanese Club in central Baghdad, with the participation of the Iraqi Trade Ministry and a number of economic experts, to discuss the reality of the Iraqi market, and attended (range Press).
The economist said, Nafi al-Khafaji, said in an interview to the (long-Presse), “The weakness of government control after 2003, led to an influx of inferior goods from various countries of the world on the domestic market, which led to embarrass her,” pointing out that “the failures of the domestic market is still continuous, as a result of the continued flow of those goods, and the big difference in price, as well as the monopoly that unknown, making it fragile and unable to compete with their counterparts in the region, and repulsive to investors. ”
For her part, the Ministry of Commerce that it began three years ago, to “implement a plan to control the market and inflation and to ensure that the flow of shoddy goods to and prevent monopoly,” expected to “see the market in the coming months mobility qualitatively after rid Iraq of Chapter VII.”
The agent said the Ministry of Commerce, Walid sweet, in an interview to the (long-Presse), that “the ministry embarked on a plan three years ago, to dominate the market, yielded the results are quite good,” adding, “but that does not negate the existence of some impurities that can not be register or to bear the results of the ministry alone because it shared responsibility between a number of the ministry, which is seeking other for the same goal such as the Ministries of Planning and Interior and others. ”
The sweet, that “the ministry teams and through competent agencies and services, following the daily irregularities in the market despite the delay decisions to be addressed because of the routine followed in some of the competent departments that hinder the implementation of some of its plans to control it.”
He expected the Undersecretary of the Ministry of Commerce, that “witnessing the Iraqi market in the coming months mobility qualitatively in the buying and selling, especially after rid Iraq of Chapter VII, which reflected negatively on the economy over the past years.”
The UN Security Council voted in (the 27 of June 2013), a unanimous decision to remove Iraq from Chapter VII after more than two decades of sanctions imposed by the Council which, after the former regime’s invasion of Kuwait in August of 1990.
The Currency Newshound 