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Free zones demanding a new law to support development programs
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08/12/2011
Reliable in finding alternative revenue budget
of Baghdad - Yasser incumbent
collects a number of economists on the importance of liberalization of the economy from its unilateral, where oil is the only source of revenue for the budget, and the need requires diversity of funding sources, and the search for alternative resources leads to the exposure to the free zones are available in the country, a large area outside the area of customs is an important position for the exercise of economic activities and diversified investment.
and to identify the role of the free zones in strengthening and supporting development programs had this dialogue with the Director-General of the General Authority for Free Zones morning for Qaisi, who said at the beginning of the meeting that the message body of the areas free to provide the appropriate environment to attract and Development World Investment, Arab and local communities.
He said: I took the free economic zones in recent years of global concern and widespread even become occupies one of the ranks of lead in the methods of attracting and settling investments in many countries of the world to achieve these areas of increase in production and export and activating the movement of trade making them contribute to the development of resources of the country's foreign exchange and gain experience, knowledge, and settlement of technology as well as the absorption of unemployment by providing many job opportunities.
and on the mechanism of work of the Commission explained Qaisi that the General Authority for Free Zones operate according to the law No. (3) for the year 1998 It was under this law, the establishment of four regions, namely the Free Zone in Khor Al-Zubair in Basra and the free zone in Nineveh and the other in Qaim in Anbar province and the fourth near Baghdad in Enaimah Fallujah is under construction. Amlak exchange of the body and that the Authority owns large tracts of land in strategic locations of all activities These lands are the property of exchange of the body, making them easy in the process of allocation of investment and a flexible manner without the need to review the investor to several destinations. What are the advantages of investing in the free zones in Iraq? of the most prominent advantages of investing in the free zones shows Qaisi that the investor the freedom to choose the activity that wish to invest in set timelines for each type of investment Activities commercial and service set at 15 years of either industrial activity, select the duration of 25 years which is a period subject to renewal based on the desire of the investor and the approval of the Authority. many advantages as the investor has many benefits relating to freedom of import and export, but what goes into Iraq and give investors Facilities for the establishment within the country with the freedom to determine prices and free transfer of profits and the money invested, and other privileges and tax exemptions. revealed Qaisi for a plan of the Commission for the years 2011 - 2014 included work on a new law keep pace with economic developments and address the constraints faced by the performance of the Authority, and the completion of investment land for investment in the free zones currently operating in the Khor Al-Zubair, Ninewa and the existing and to open a free zone in the province of Kurdistan (Dohuk) with the opening of a branch of the Authority in Erbil. of new free zones also included a plan to establish a free zone near the Baghdad airport, in addition to the opening of new free zones near the border crossing points (Ktrebel, and Zurbatia, Mundhiriyah and Safwan) and activation of the transit trade through free zones and that opens the way for the export industries and the aggregate as well as the development of skills for the staff of the Commission through sharing the experiences of developed countries. said Qaisi that enabled the Commission to prepare an ambitious plan is the support and encouragement Taatlacah of the Minister of Finance for his direct supervision to work in them as linked to Mr. Minister. What about the obstacles faced by the body? facing the General Authority for Free Zones, some of the constraints on the parties related to business, there are intersections is the lack of cooperation by the General Authority for Customs with the Commission regarding the Multi directing missionary of all border crossings, causing investors reluctant to exercise their business in free zones. overlapping jurisdictions and there is objection to the mechanism of charging the tax by the units of the tax as imposed secretariats of the goods entering the domestic market and the high rates and lead to increased financial burden on the goods marketed from the free zones, and there is variation in the pricing of customs between the centers of customs stationed at border crossing points and centers of customs found in speaking free. Article 10 of the instructions and the Director-General proposes to in order to overcome these obstacles by the Ministry of Finance and forcing the General Authority for Customs implementation of the content of minutes of meetings organized with the and the need for commitment to community land ports including said article (10) of the instructions and included to facilitate the procedures for goods imported to the free zone and only provide the units tax located in areas free copies of the permits customs for goods marketed and non-compliance the secretariats of tax and be settling accounts tax year. is clear from the hadeeth of the Director-General that there are interactions hinder the programs and this intersects perfectly with the institution-building approach to sober .. These institutions are relying on to provide alternative requirements for oil revenues to finance the budget is required to find quick solutions in order to contribute to this body to strengthen the capacity of the economy and economic development
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