House plans to modify the law on the Ministry of industry to support the private industrial sector
Baghdad (newsletter). Detection of economy and Investment Committee member MP//Salman al-Musawi, a faith in the House of representatives to amend the law on the Ministry of industry as support for the private industrial sector, likely legislation following the adoption of the general budget.
He said al-Musawi (News Agency): the Ministry of industry had the package of amendments during past periods, but still need further amendments adapted to the policy of free market economy. He added: the Commission on economy and investment and the relevant parliamentary committees have the intention of an amendment to the Ministry of industry and minerals act as support for the private industrial sector, by reducing the powers of the Ministry and give active role in the development of the economy of the country.
Explained: the Ministry’s tasks will focus on control and submission tips, plans, feasibility studies and organization of the work of factories and plants to the private sector, this would be a lot of economic problems in the country which absorb unemployment and activation of the private industrial sector.