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Economist: bilateral trade agreements can solve the problem .. America requesting an exemption companies from some of the paragraphs of the investment law .. And rejects parliamentary economy
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Author: the future of Iraq
19/02/2013 12:00 am
The future of Iraq / Falah Nazareth
with the announcement of the United States submitted a request for Iraq purpose exception companies from certain paragraphs investment law, refused to economic and investment commission parliamentary demand, saying that the law sovereign does not carry exceptions, with the exception of an economist and a trade agreements between Iraq and these countries pass-through during the Parliament capable of exceeding routine complexity in the law.
said committee member Abdul Abbas Xiaa for the future of Iraq that "the investment law is the law of a sovereign does not accept exceptions which apply to all companies investing both U.S. was or other companies," noting that "U.S. demand is unreasonable and unacceptable to be that government grants an exception to the law without the consent of the House of Representatives. "
and added that "the problem is not in the law, but to apply the law therefore call on the government to reduce revenue and to reduce bureaucracy and provide a legal framework easy so that investors from coming to Iraq and investment."
and was "Agency American Development "demanded the Iraqi investment, issuing instructions for" exception American companies wishing to invest in Iraq of complex procedures in the registry and land grants. "
to it, said an expert money and Construction Dr. Alia Sharifi's "Future of Iraq" that "the law in terms of the application good but the difficulties lie in the difficulties of law enforcement. "
and added that "Iraq wants to ease restrictions on investment, whether they are American or other investors and there bilateral agreements for countries in the field of investment in the field of economic development and trade can be solved some restrictions application but after the vote in the Parliament and make things easy. "
as economist said Makki Muhammad Wardam that "there is a continuous increase in the volume of foreign investment in Iraq which indicates investor confidence in the economic environment Iraqi" pointing out that tensions security in the country between now and then could adversely affect in the flow of investment funds. "
and "Some Arab and foreign companies to invest in a particular sector, and wary of entering into other sectors, it is always sector as their favorite oil sector in need we to invest in other sectors such as industry and agriculture."
and that "the differentiation and preference companies state Others in the nature of dealing investment is unacceptable and must be judged all dealings investment laws Iraqi avoid raising this or that roof conditions to engage in investment operations in Iraq and we should avoid signing of bilateral agreements provide investment protection for certain countries with competing other countries to get a foothold as an investment "
and was Chairman of the National Investment Sami al-Araji, said in an earlier statement that the volume of investments exceeded $ 32 billion since 2009 and even today, most of the international companies are competing to win government contracts executive.
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