Council of Ministers adopted recommendations to ensure a sound investment climate in Iraq

The cabinet on Monday approved key recommendations to ensure a sound investment climate in Iraq, to ​​be implemented in accordance with the law.
The Council of Ministers approved the main recommendations to ensure a sound investment climate in Iraq to be implemented in accordance with the law, "the Cabinet Information Office said in a statement received by Al-Ghad Press." These recommendations include the full life cycle of investment, Strategy, attract investment, enter and establish investment, encourage and expand investment, and indirect linkages and effects. "

"The main recommendations include the establishment of an operational system for special economic zones in Iraq, the development of guidelines for the national investment policy statement, the empowerment of the Economic Reform Unit to provide technical support to the High Committee to implement the agreed investment reforms work plan, The proposed ministers of investment projects for the province of Basra to implement the investment reform plan for Basra, and to review the requirements for obtaining a visa and propose a plan of action to simplify the procedures for issuance of visas and establish a class investor visa clear.

"Recommendations include setting measures to increase access to information and opportunities for private sector participation in government tenders, providing technical assistance and financing to the private sector to enable it to respond to government tenders, encouraging and facilitating corporate arrangements between Iraqi companies and their foreign counterparts and clearing financial arrears to the private sector.

Article Credit: https://www.alghadpress.com/news
(Special Thanks to Faron Davis)