The law of commercial agencies will revive the private sector joints
The law of commercial agencies will revive the private sector joints
Journal August 5, 2017
Baghdad - Journal News
The Federation of Iraqi Chambers of Commerce confirmed the adoption by the Council of Ministers of a law to regulate and regulate the mechanism of operation of commercial agencies in Iraq.
"The spread of dealing with the commercial agency has led to an increase in the number of those involved in this field, and the practice of commercial agencies has become one of the most widespread in the commercial sector," Jafar al-Hamdani, head of the federation, told the Journal News on Saturday.
"The creation of a regulatory environment for the work of commercial agencies inside Iraq strengthens the need to find a modern law to regulate the commercial agency after the expansion of the activity of service and production institutions to carry out its activity, which extends to the rest of the world."
He added that "there are efforts by the Council of Ministers to approve the organization of the commercial agency, and as is known, this law aims to regulate the work of the commercial agency carried out in Iraq and an agent for the benefit of natural or legal person from outside the country."
He explained that "this new legislation will contribute to the organization of work within the country and create a culture of the market by meeting the goals of development and move the economy towards development and flowering, Iraq is currently open to all countries of the world trade, in addition to the presence of many of the world's companies are honest and have transactions inside Iraq, For example, the German company Siemens and LG Korea. "
He pointed out that "regulating the work of commercial agencies in Iraq by specific laws leads to the identification of the rights and duties of both individuals and institutions and control the activity of commercial agents and is a starting step to regulate the various aspects of the Iraqi economy."
For his part, announced the Iraqi National Business Council, that the draft law of the commercial agency, which was read by the House of Representatives included all the proposals of the private sector.
The Iraqi National Business Council said in a press statement that "the House of Representatives finished the second reading of the law of the commercial agency, which included all the observations of the Iraqi National Business Council and the private sector of organizations, unions and personalities."
He added that "the law confirmed that the commercial agency will be to Iraq by 100% after the proportion of Iraq is simple," noting that "the Iraqi National Business Council extends its thanks and gratitude to the Committee of Economy and Investment parliamentary support for the private sector and involve in the formulation of economic laws."
For its part, attributed member of the Committee on Economy and Investment parliamentary non-implementation of trade agreements with Arab and foreign countries to the security situation in the country.
Najib Najib said that "one of the means by which the state can improve its economy is to expand the horizons of trade and foreign relations in order to conclude trade agreements with the countries of the world, noting that" those who know the agreements concluded with the Arab and European countries find that Iraq has taken good steps And correct for the expansion of international and Arab relations, particularly in the field of investment and trade. "
She added that the committee has approved several agreements with Kuwait, Jordan, Egypt, European countries and Germany, pointing out that these agreements have resulted in indicators for the translation of these agreements through mutual trade and export and purchase, and indicated that there is no problem to apply them, but on the ground, the security situation prevents Applied ".
A member of the Committee on Economy and Investment parliamentary that the measures taken by the government finally to activate the tariff is good and will come with financial returns.
Najib said in a previous press statement: "The sharp decline in oil prices caused the lack of revenues of the state because of the dependence of the state on oil," explaining that "it is necessary to go to non-oil sectors, but not the required level at the moment."
It added that "non-oil revenues in 2013 and 2014 accounted for 5% to 7% of imports, indicating that" it is planned in the budget of 2017 to be the proportion of non-oil revenue 14 trillion Iraqi dinars through the payment of taxes and customs fees, Ministers to activate it ».
She pointed out that «customs tariff applied at all ports and points were placed on the areas of entry of goods and the collection of customs tariffs that were not met at the outlets, indicating that« among these points points placed in Kirkuk and the province of Khanaqin in Diyala ».
She said that the state's adoption of a new system to review the tax fee and activate many of the things that were neglected after the adoption of better procedures to activate them and the payment of municipal fees and health services and other makes us get new imports.
Re: The law of commercial agencies will revive the private sector joints
This post is from an article from Saturday, I tried to look before I posted and I did not see it in the forum. I thought even late, was worth a look. If this was posted I apologize
Re: The law of commercial agencies will revive the private sector joints
Thanks for posting, Madscout. I'm a little confused, it says it has been read twice, but did they vote on it after the second reading? Perhaps it is implied.
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