Iraq Will Become An Economic Powerhouse in the Region

04/12/2011

Transit trade and free zones

Yasser incumbent

There is global consensus that Iraq is on his way to assume the lead as an economic powerhouse in the region, especially after its entry in energy investments and to check out the exploitation of an optimum post-oil contracts signed with major international companies and most recently investment SOC.

Reflected the strength of Iraq's economic strategic location geographical through panoramic view of the number of global markets, the task especially the GCC, Turkey, Iran, Jordan and Syria, according to experts as well.

This feature makes it a promising market in the possibility of being used to transit trade corridor to these markets among themselves, and indicate the current events in the region to the possibility of this transformation, especially the announcement by Turkey days before the transfer of trade by Iraq rather than Syria, meaning that it is likely to play a major role in global activity.

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about these visions global strength and durability of the Iraqi economy and the future revealed what is required to do in order to accommodate this role to the fullest?

fact that an investment such as this window of opportunity close to actually require Iraq to the restoration and establishment of infrastructure that can accommodate such a development in the commercial field, which generates the Iraq revenue we were looking for an alternative to unilateralism in Aloizna.

the first requirements to speed up the completion of the port of Faw With this move should be implemented, Roads and Transport new world-class, plans and designs and sophisticated railway sophisticated and that's not all.

but there is a need in other areas need attention to it and the need to speed up the provision of the most important:

the free zones in Iraq, where information indicates that the active senior started to appear on the Iraqi arena in this area but the picture is incomplete from this area was due to the law governing this activity and perhaps most of the world depends on the activity of the free zones to reap significant revenues in Iraq is still activity is limited, therefore, needed to activate the Free Zones Act, which amounted to the progressive development of transit trade important in the development of the Iraqi economy.

There is also a problem, apparently through Malmsnah of a modern Director-General of the General Authority for Free Zones in Iraq at the intersection of instructions between border crossing points and customs, taxes, hampering operations to attract investors and traders.

These four directions are the responsibility of the Ministry of Finance as sponsor it, what is needed to speed up the amendment of laws so as to ensure smooth high for this important activity and the ability of financial and Ozerha known in the solution to such problems simple.

With regard to the Ministry of Transport, Housing and Construction are Adre of the importance of the infrastructure that we talked about at the beginning of the column and Our big hope is to pay attention to this of ideas.

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