MP: the need to reduce red tape and the complexity and constraints facing the investor
Baghdad (News) … Invited Member of the Committee on the economy and investment representative/Deputy Coalition rule of law/Abdul Salam al-Maliki, the Iraqi Government to speed up the engagements with investment companies in all the compliments, reduce red tape and procedures the complexity and constraints faced by the investor. He said Al-Maliki (News Agency news): the new investment law contained more than 70 articles very important in achieving Iraqi economy advanced and quality in line with global circumstances.
He added: the Government speed up the engagements, as well as to expedite the dispatch of new investment, kano law will eliminate a lot of distortions that hit the Iraqi economy and reduce considerably financial and administrative corruption.
He noted that foreign investor needs to temptations of banking and financial westhilat, stressing the need to reduce red tape and procedures that make the complexity and constraints on the Iraqi scene investor alienate