Iraq Investment ~ Parliamentarian: Engaging the private sector had become necessary in the country's investment process ...

5-12-2011

Parliamentarian: engaging the private sector had become necessary in the country's investment process ...

Baghdad, Akdado parliamentary Finance Committee and Deputy/Iraqi/Ibrahim Al-mutlak Coalition need to involve the private sector in the country's investment process.

Baghdad radio said in a statement to a reporter (News Agency news)

Monday: it is necessary to activate the private sector and participation in the investment process for the country to take part in the process of building and reconstruction of the country, through support to small and medium-sized enterprises and delivered to the Iraqi private sector.

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Al-mutlak said: that the State was not able to invest unless you do the private sector and supported by all what that balance is still dependent on Iraqi oil in annual expenditures.

Lukman said, adding: there is a set of constraints which are a barrier to foreign investor and investment legislation in particular as they hamper investment in the country, calling: facilitate the work of investors to encourage them to enter the environment.

And standing Deputy Parliamentary Finance Committee that the investor can adapt to work in safe investment environment in order to ensure their rights and that its assets at risk.

Earlier, a member of the parliamentary Economic Committee ruled out and the National Alliance Deputy//abdolhossein abtan of financial and administrative corruption in the private sector when they are involved in the process of economic development of the country, calling: the need for controls and laws when you activate the private sector.

Abtan said reporters (News News Agency): difficult financial and administrative corruption occurs when you activate the private sector but it will eliminate rampant corruption in the General Government sector, being based on competition and the reputation of your company or organization, stressing that if activated will be a catalyst for economic development in the country.

Abtan stressed the need to establish controls and conditions upon activation of the private sector to be organized and targeted to achieve a strong national economy.

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