Investment barriers continue despite eight months after the law amendment

2016/07/19 13:50

Term Bs / Baghdad

Criticized the Baghdad Investment Authority, on Tuesday, not to apply the amended by government institutions investment law, and stressed that the amendment did not abolish the obstacles faced by the body because the previous law yet, and as I went back to the economic and investment commission in parliament that investment is the only way to rid Iraq of the crisis economic, the government called for support for the new investment law

The head of the Shaker Zamili said in an interview to the (long-Presse), "The Second Amendment to the Investment Law No. 13 of 2006, and despite the approval by the House of Representatives and published in the official newspaper, but he did not meet the ambitious yet," noting that "the amendment did not abolish the obstacles faced by the body due to the previous law

He Zamili, that "the government institutions have not been applied yet paragraphs of the law as an agrarian reform with the agricultural ministry, and paragraph earth delivery, despite the fact that the new law provides for the delivery of land to the investor within 15 days," stressing that "there is land had not been delivered to investors since Years".

For his part, Deputy Chairman of the Committee on Economy and Investment said in the House of Representatives Harith al-Harthy, in an interview to the (long-Presse), "The approval of the new investment law was supposed to be a positive step and achieve a quantum leap in the field of investment, which has not yet materialized," calling government "to support the new big investment for his role in the development of vital sectors of the country's law and help them to overcome the financial crisis."

He promised Harthy, that "investment is the only way to rid Iraq of this difficult economic situation," stressing that "it depends on properly and serious application of the law and the elimination of corruption that exists in all state institutions."

The Iraqi Council of Representatives, approved during its meeting of 32 of the first legislative term of the second legislative year of the third parliamentary session, which was held on Tuesday, (October 27, 2015), a legal Second Amendment to the Investment Law No. 13 of 2006, and the draft national card.


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