Zora's deputies: the elimination of unemployment and the provision of funds and support the national economy top priority

October 4 2015 20:52

Zora / Yousef Salman
In the wake of the joint meeting yesterday to the Presidency with the Commission on the economy and investment representative and head of the investment and Adviser to the Prime Minister for Economic Affairs and other experts the House of Representatives put the finishing touches before the vote on the amendment of the Investment Law within sessions next week.

The Deputy Chairman of the Parliamentary Committee Harith al-Harthy: The adoption of amendments to the draft investment law and its implementation will contribute to the elimination of youth unemployment.

He told "Zora" it "when approving the second amendment to the Investment Law No. 13 of 2006, and the launch of investment opportunities will start working and going to need the largest number of manpower to run and begin competencies and workers to take their positions and there will be an integrated workshops."

He said Al-Harthy "The legislation the main laws broken would have a major role in restoring life to the idle state facilities process, and in the case of the restructuring of state institutions, there will be a large space to rebuild infrastructure, laboratories and factories run stalled and then will be the elimination of unemployment as a whole."

But the other member of the Committee Nora Albjara said that two fundamental points setting off to postpone the adoption of this law, which was hoping to vote before the Eid al-Adha holiday.

Reported for "Zora" that "the Parliamentary Committee ended all observations and suggestions on the law and met with the first deputy chairman of the House of Representatives for this purpose and put forward observations by some political blocs on this law to avoid that occurring problems during the vote in the parliament."

And he found that "to postpone the vote on the law was the presence of some of the proposals of the executive bodies have been added to the law."

She explained that "the most important points that intercepted by the executive bodies, is to be the position of head of the investment rank of minister after the committee voted to have the rank of Deputy Minister in line with the government's measures to reduce the number of places."

He showed that "the other objection to the text / Share heads of investment authorities in the provinces privileges general managers during their presence in the position / Investment Authority, but insists on retaining their grades in the event of their departure from office."

She stressed that "the law has encouraged Iraqi and foreign private sector and mixed public, also supports single-window so that there will be delegates from government agencies have the powers to grant approvals for investment projects, and to facilitate access to land for the establishment of investment projects and encourage the population to expand beyond the design basis, and to encourage Iraqi and foreign investors after Participation with the Iraqis by giving them soft loans, bound to be a percentage of completion of 25% and guaranteed by the project. "

She noted that "the law put obligations on the investor in the event of failure to restore the property to its owner with a fine of $ clipper, and the introduction of a new concept, similar to investing in developed countries implement strategic projects himself or through others."

In turn, said committee member Najiba Najib: that so far date has been set for a vote on the investment law.

She stressed the importance of the adoption of the investment law to finance large projects and the face of a lack of cash and the problems of the financial budget to support public and private sectors.

He said in a press statement that "the country is facing major economic challenges, particularly the lack of cash and the balance loaded with heavy burdens, including the expenses of war and displaced operational and salaries high."

It showed that "the law will address a lot of problems, including the financing of large projects."

She said. "The investment law is very important during the current situation because the country is facing major economic challenges, particularly the lack of cash and the balance loaded with heavy burdens, including the expenses of war and displaced operational and salaries high."