GoI invites foreign investment to support the development of Iraqi private sector
Government invites foreign investment companies to support the development of the private sector in Iraq strategy
Monday 07-03-2016 | 1:37:28
Twilight News / Ministry of Labour and Social Affairs has made several proposals to be presented in the Iraqi - The US Trade and Investment Council meetings in cooperation with the Ministry of Commerce.
A spokesman for the Ministry of Labour Ammar Menem in a statement responded to the Twilight News, said the Labor Department raised its proposals regarding the Iraqi Council meetings - The US Trade and Investment to the Ministry of Commerce in order posed by the US side at the next meeting, stressing that the proposals dealt with several aspects of them, linking trade and foreign investment direct employment growth in the economic sectors. And also to support small and medium enterprises to enhance national capacity to grow and create opportunities.
He noted that the Ministry of Labour has proposed to strengthen the social responsibility of foreign companies, including the US for the implementation of social service programs that support the goals of the Ministry of Labour. It was also a proposal to expand investment in vocational training and technical education to support the national system to raise the professional and technical competencies.
And the spokesman of work that has been proposed to strengthen the Iraqi social protection system and encouraging foreign companies to join the guarantee fund and ensure a safe environment as well as taking into account the coordination between the axes and inflation, stressing at the same sustenance on the importance of running 50% of the Iraqi employment projects handled by foreign companies .
Menem said that the Ministry of Labour launched Among the proposals to be foreign investment companies active participation in the development of infrastructure in Iraq Ktoled electric power and support the creation or rehabilitation of social and health centers.