The absence of legislation hinders the functioning of the Iraqi market



July 5, 2017

Baghdad - Journal News

The parliamentary committee on economy and investment criticized the absence of a "legislative scope that regulates the status and functioning of the commercial market in the country," describing this absence as "one of the problems experienced by the local market."

"One of the problems of this market is the absence of a legislative framework that regulates its status," said Abdulkarim al-Naqib, a member of the committee, in a statement to the Journal News on Wednesday. "He said.

He added: "There is no sense of monopoly in the Iraqi market, because the goods enter without taking licenses ..", noting that "Iraq's commercial market free and open."

The House of Representatives has initiated a law to guarantee freedom of competition and prevent monopoly in local markets, as well as to improve the quality of goods and services offered.

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