Iraq spent more than 321 billion dollars to import goods and goods
4/18/2016
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BAGHDAD / JD / .. revealed the Ministry of Industry and Minerals for Iraq more than $ 321 billion spent to import goods and goods over the past years, as called for adoption of the slogan-making in Iraq and establishment of strategies for the advancement of the industrial sector.
He said the media ministry director Abdul Wahid al-Shammari said in a statement / KD / received a copy of it: that the Iraqi economy is a consumer economy where spent Iraq over the past years, nearly 321.6 billion dollars, or the equivalent of 57% of the total imports of Iraqi oil in order to import goods and various goods from outside the country, which called for the adoption of the slogan-making in Iraq and establishment short-, medium- and long-term strategies for the advancement of the industrial sector.
He noted that these steps need to be a package of governmental and legislative actions and popular media and support, which is based on the local product support and the importance of understanding that there will be an economic correctly by the government and the citizens and the Parliament to this thread.
He stressed the need to encourage investment and engagement with the private sector in accordance with the proper legal procedures and under specific conditions, including the financial efficiency of the clear investment companies that are experienced and specialized in the area concerned and make the study of economic and technical feasibility of the projects concerned with investment and that at least the added value of the production of 25%. / End / 22 / SOURCE


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