Trade Fair opening of Karbala amid calls to abolish impeding investment and the application of the tariff laws

Today, 16/2/2016 09:57

Trade Fair opening of Karbala amid calls to abolish impeding investment and the application of the tariff laws

Student businessmen Krblaiaon, amend and repeal laws and government instructions that continue to impede the revitalization of investment and national industry, while the Government of Karbala drew to its seriousness activating the private sector and benefit from agricultural and industrial to the central government initiatives, acknowledged the existence of laws and regulations and ministerial obstructive not suitable for the current period.

This came on the sidelines of a comprehensive trade show which was held at the hall Hakim center of Karbala's city center, which was built by the local government of Karbala and organization of work groups and international exhibitions.

The Business Group and International Exhibitions Director, take Ali Abdul,), said that "Karbala trade fair featuring more than 35 Arab and foreign and local companies in various disciplines and lasts for four days, noting that" the most prominent participating companies are from America, Britain, China, Germany, Japan and India Thailand, Jordan and Kuwait. "

He explained Abdul, "This exhibition was held in the city of Karbala as an attractive investment and a fertile environment for him, a chance to meet with business and corporate men who want to work in the province and support the development of local industries."

For his part, President of the Union of Entrepreneurs, Mustafa Al Tohme,), said that "all the efforts of the central and provincial governments poured toward the revitalization and development of local industries, but there are still laws and instructions of the government hinder this area and must find solutions to them."

Al Tohme and that "the most prominent obstacles to revitalize the domestic industry is the lack of application of the customs tariff law which protects the national production, and the lack of bank loans for projects that must keep pace with development."

He said the Tohme, that brought the voice of the private sector and its obstacles to the central government in many meetings and conferences, but did not respond to the demands of each and invitations, because there are laws requiring amendment or new legislation from the House of Representatives. "

For his part, the governor of Karbala, Akil Turaihi,), said that "Karbala fertile ground for investment projects in various fields and industries and we are serious about working to attract companies and businessmen to maintain and develop the local economy."

Turaihi He added, "There are a number of residential and industrial investment and other projects established in the province in recent years and provided all the requirements, and we are serious about working to provide the requirements of companies and businessmen and investors who want to create other projects in the province."

Among Turaihi, that "there are certain laws and regulations in force, continue to impede investment and industrial development process and we Nchksa but the solutions are not within our capabilities, the recent amendment to the investment law ended some of its obstacles."

In turn, the head of the Karbala Provincial Council, Nassif rhetorical,), said that "the Government of Karbala intent on activating the private sector and benefit from it in the reconstruction and services traffic development, as well as take advantage of the agricultural initiative of the central government in the development of the agricultural sector," noting that "we are seeking to coordinate with the government Central industrial Bank to develop a new roadmap for the industry in Karbala and activate the existing industries. "

He acknowledged rhetorical, as "there are some laws and regulations ministerial still disruptive to the process of development and investment because Rkunha standards are not suitable for the current period," explaining that "we are working according to what we have the powers and in coordination with the central government for the promotion of the national industry and Karbala are the starting point for her and we have many strengths in this direction".

The Investment Committee in Karbala Provincial Council, had announced (the 6th of February 2016), continues to work with 31 investment projects to maintain, (108 km south of Baghdad), and the reluctance of the 15 other for reasons related to government departments or investors, revealed assume a Chinese company implements Airport international Middle Euphrates, and while confirming that the Karbala "suitable and attractive environment" for investment, she noted that several Arab and foreign companies awaiting approval and allocation of land for the establishment of projects.

The Karbala Provincial Administration, announced in (the 19 of January 2016), the formation of a supreme committee to activate the investment to maintain, and the possibility of completing some of the stalled government projects through investment, while attributing interested in investment barriers to limit Muaqath federal ministries, called for activating the "single window "in the investment Authority.

Attributed to the Investment Committee in the province of Karbala, in (the 20th of January 2015), the reasons for the reluctance of investment projects in the province to the problem of administrative red tape and lack of land handed over to the investors by the Finance and Municipalities and Agriculture Ministries, as called for amending the investment law in accordance with the new requirements, he stressed the need working to attract investment in agriculture and industry.

It is noteworthy that Karbala Investment Authority, had announced (21 July 2014), granted investment licenses to build ten complexes with more than 16 thousand housing units to maintain, as criticized the delay in the allocation and delivery of land by the ministries to investors, called for the activation of the banking system and to facilitate the the granting of investment loans as well as activating the single-window system.