New measures in the way of economic reform

Last update: Saturday, April 9, 2016 - 10:15

BAGHDAD - Ahmed Abed Rabbo promised the Ministry of Industry and Minerals establishment of Industrial Coordination Council by the Council of Ministers «modern window» towards integration Alaguetsada.aota this at a time when the Commission announced the restructuring of public companies, which includes 10 ministries to take important measures for economic reform.

The official ministry spokesman Abdul Wahid al-Shammari said in a statement »Sabah»: The «Cabinet approval for the formation of Industrial Coordination Council, a step towards economic integration among various industrial sectors, like the rest of the world». He pointed out that «this council is a modern window will achieve integration between public and private sectors, as well as civil society organizations».

Cabinet agreed Tuesday to establish Industrial Coordination Council, while Sennacherib decided to liquidate the company to irrigation techniques of the Ministry of Agriculture. With regard to the Committee on corporate restructuring, Shammari added that «the committee formed by the Council of Ministers headed by the Minister of Industry and Minerals Mohammed Darraji includes membership representatives from ten ministries have taken several important measures aimed at economic reform and the advancement of the public companies, according to the National Development Plan of the stomach and the study of before the advisers ».

He pointed out that «the Commission is working on a restructuring of those companies and referred to the investment in the form of stages in collaboration with the World Bank, which would make them turn into profitable companies is reflected at the national economy and the standard of living for Mlakatha».

The Al-Shammari said that «the restructuring ensures companies to operate according to economic principles of proper business standards, and will have high competitiveness, thus contributing to the creation of other jobs, with investment of human Mlakatha, through the introduction of modern technology and trained at the highest skill and competence levels». He said that «investors who want to get those precious opportunities, their choice in the number of angels that they need, and the state will provide surplus staffs' salaries», revealing «the presence of a great desire among Iraqis and foreign investors to invest in these companies, especially after the amendments made to contracts formats» .

Regarding the steps to activate the work, said the official spokesman for the «The Commission is currently working to make legislation and laws related to investing more flexible through direct contact with the judicial and legislative power», adding that «the Committee shall hold regular meetings to develop a well thought out and effective recommendations from all sides and then lifting the General Secretariat Council of Ministers for approval under the supervision of Supreme Audit and the integrity Commission. »

He believes that «the advancement of economic reality and build an industrial base restore prestige to the Iraqi industry requires extraordinary efforts by all state institutions and to address to those who conspire to disrupt the production process in the country and make it a consumer only, in order to make a profit from import contracts that do not serve the interest of the country.» In the same context, al-Shammari detect the opening of the Minister of Industry and Minerals written Almqalbh automatic in the foundry and sections iron plant in the structures of the plant to a public company Steel Industries », adding that« those fonts used for military industries and civil ». Furthermore, the State Company for Automotive Industry announced and one of the equipment and the Ministry of Industry and Minerals companies launch the sale of trucks and specialized equipment to ensure citizens in installments in exchange for property value covers the amount of the truck.