Providing an ideal working environment that achieves comprehensive economic development

Aimed at enhancing the role of the private sector


During the past decades, the Iraqi private sector was characterized by varying participation rates in various economic activities. In spite of its efforts to keep abreast of economic, technological, production and competitive developments, the intersection of legislation and laws regulating economic affairs encouraged the emigration of investors and their capital abroad. economical development.

The potential of the private sector
"The development plans in their goals included encouraging the private sector, but most of them have not been activated within the approved plans and programs. He pointed out that a number of laws have contributed to limiting the private sector's ability to perform the planned role. Which requires the provision of an appropriate working environment to activate the activities of the private sector and make it a real contributor to the development process to achieve multiple revenue. The demands of the private sector production companies to limit import and dumping and rely on the production of factories of such companies to match the importer of various goods and materials, which will provide jobs and employment for both graduates and unemployed and to increase the gross domestic product of Iraq.

Economic openness and dumping
Al-Jabri pointed out that the private sector has experienced periods ranging from the establishment of the modern state in the royal era to the year 2003, after which came a completely different stage than before, in which Iraq witnessed an economic openness to the world so that the private sector could not keep up with that. Al-Jabri said that as a result, the local market has been flooded with imported and cheap goods, which can not compete with the local sector, to obscure its equipment, which has affected production and caused many factories to stop.
He stressed that the legislation of the Investment Law No. 13 of 2006 and its amendments came to encourage private investment by granting advantages and guarantees and exemptions, but the law omitted some important things.

Private sector and oil
The academic economist d. Falah Hassan Thwaini explained that the weakness of the private sector and its inability to compete because of the circumstances experienced by the country led to non-diversification of the economy, pointing out that the economic growth in Iraq was based on high oil prices, which increased the dominance of the public sector to economic activity.
In an interview with Al-Sabah, Tuwaini called for improving the infrastructure of the Iraqi economy to stimulate private sector activity and diversify economic resources from non-oil sectors such as tourism and agriculture to have a positive impact on sustainable development.

Investment climate reform
He pointed out that this would make the national strategies and plans that contribute to the reform of the investment climate and the obligation of implementation by ministries and government institutions and control on it. Thawini called on those responsible for the economic file to the need to review the investment law by economic experts in accordance with investment policies and the activation of national strategies, noting the importance of studying other laws related to investment and make it a single law to regulate investment in all its details in order to attract the investor and ensure legislative stability.