Deputy Prime Minister: the new investment law falls within the reform process taking place in Iraq
Saturday, August 18 / August 2012 2:34 p.m. | : Ambassador News | | |

{Baghdad Ambassador: News}

MP Abdul Salam al-Maliki member of the Committee of Economy and Investment parliamentary that the new investment law falls within the reform process taking place in Iraq.

Maliki said in a press statement received by the agency Ambassador News a copy of it on Saturday that "the law Alastosmaraljdid included more than 70 material is very important in order to achieve the Iraqi economy advanced qualitative and in line with global conditions and development where we see that such a rules supposed to grant state interest and focus more ".

"The law will remove all previous obstacles in business investment and working to unify the efforts Alasosmaria and gain acceptance of everyone after he got a quorum in full Parliament was voting on the approval and send it to the government, but what we see that the law is not activated until today."

Maliki said that "the law will remove a lot of distortions that Sapt Iraqi economy and reduce to a great extent of financial and administrative corruption in addition to that he will give more opportunities for foreign companies investing in order to enter Iraq and work by reducing red tape and procedures Altaqidah and constraints that make such companies alienated from Iraqi arena. "

He stressed that "the new investment law is falls within the reform process taking place in Iraq through mutual understandings between all political parties as may be considered activate this law is the key to any reform effort because it includes processors to the problems and observations raised by investors in addition to the unification of references economic and investment in the circle or a single body of law through one save investors from the problems of dealing with more than one law at a time.