Iraqi economy messy and needs a supportive laws

[Stillw8n]

Iraqi economy messy and needs a supportive laws

Baghdad (news) .. Ruled out the head of the gathering industrial Abdel Hassan Shammari the development of the industrial sector in the coming period, in the absence of activating legislation supporting it.

Al-Shammari said (of the Agency news) on Thursday: Can not the Iraqi economy in general and the industrial sector in particular, the promotion and development without legislation legally supported and organizes its work, noting that the Iraqi economy, “chaotic” and lacks the plans strategy and supporting regulations.

He added that the industrial sector will not develop in the near future if you do not the laws that support it as one customs tariff and the protection of the domestic product, and consumer protection law.

He pointed out: that the budget new public and put the foundations and frameworks to build the country’s economy, but money does not stop without legislative regulations.

He noted: the importance of activation of these important laws for the purpose of defining the direction of the Iraqi economy, is it a free market economy or a totalitarian.

He called for: to involve private industry with public to take its role in the process of economic development of the country.

Revealed: The financial allocations granted to the Ministry of Industry and Minerals for this year is very large, reaching more than (4) billion dollars, and would jump in the industrial sector to the advanced positions in the event acknowledged the necessary laws governing the work.

The Ministry of Industry and developed a strategic plan for the rehabilitation of laboratories and companies affiliated to the advancement of the industrial sector of Iraq. /

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