Parliamentary committee raises economic recommendations to the prime minister
Baghdad: The Parliamentary Economy and Investment Committee stressed the importance of the recommendations it submitted to the Prime Minister, considering them important and in the interest of the advancement of the Iraqi economy.
In an interview with Al-Sabah, a budding committee member Nawfal said: “The committee presented a plan for economic recommendations to the Prime Minister in a previous period, and the most important paragraphs were to effectively support the private sector, tighten control over outlets and activate the work of state factories in their mixed capacity with the private sector through The ministries concerned with industry and agriculture with the support of the Ministry of Trade. ”
He stressed that “Iraq possesses sufficient ingredients to revive its economy, but we need a political decision and a real will to activate the industrial, agricultural and productive sectors for the local market.”
And that “the plan begins with making the political decision and the legislative will to preserve the state’s assets, in addition to expediting the operation of state factories and involving them within the investment and partnership plans between the public and private sectors.”
“The Iraqi state is distinguished by many enormous capabilities of natural resources or human capabilities and sufficient expertise to revive the economy in a short and not great period, and despite the losses that Iraq suffered from the stoppage of local production, however, Iraqi production can flourish again,” al-Nashee said.
He added that “the government in its ministry should seek to rebuild the large and strategic Iraqi factories such as iron and steel factories, petrochemicals, textile and food processing factories, and provide the Ministry of Agriculture with agricultural biochemical products instead of importing them from abroad such as (urea) and other products that can be manufactured in the country, whose percentage exceeds 90%.