BAGHDAD / Sky Press: Private
Said Deputy Minister of Industry Mackie wondrous Dairi, Sunday, that the absence of the ministry's financial allocations referred without create a lot of factories, noting that the most important obstacles to investment is a killer routine in the laws, which is still subject to the decisions of the dissolved Revolutionary Command Council.
He said al-Dairi for "Sky Press," that "bring the investor killer and red tape in the laws put obstacles in front of investors," noting that "the laws pursued by the government is of the dissolved Revolutionary Command Council resolutions which will lead to a flight of investors, rather than encourage them to invest in the country." .
"The Minister of Industry Mohammed Darraji gave an order to facilitate the work of investors to make the industry tributary contributes to support the economy," noting that "some investors offered us paper manufacturing of" exhaust ", but the lack of the ministry's financial allocations referred without create a lot of factories."
And he called on the government to "enact new resolutions encourage investors to contribute to constructing plants in Iraq."
It is said that an MP for the Kurdistan Alliance Ashwaq dry confirmed earlier, that the Iraqi economy's dependence on oil resources only represents a major disaster for the country, while the government called for activating the role of industry, agriculture and provide them with the necessary funds in order to promote the economy.
Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 a barrel, after it was $ 110.
Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austere operations, in general in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Council of Ministers' salaries 50%.
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