Parliamentary Economy announces completion of the statutory mineral investment and private sector participation
Parliamentary Economy announces completion of the statutory mineral investment and private sector participation
11:38 – 07/08/2020
Baghdad – Mawazine News
The Parliamentary Commission on Economy and Investment revealed on Friday the maturity of the mineral investment laws and the participation of the private sector, while noting that they are among the laws required by the stage, especially in supporting the economy and reviving the budget.
Member of the Committee, Nada Shaker Jawdat, said that “the most important laws that the committee prepared and awaiting the parliament’s sessions to read it are the Mineral Investment Law and the Private Sector Participation Law, which are among the mature laws required by the stage to support the national economy entirely, as well as their role in enhancing budget revenues General of the country. ”
Jawdat added, “The Mineral Investment Law includes opening the door for investment to the private sector for mineral resources in Iraqi lands, except oil, which are other doors for the advancement of the economy and have the forefront and important alternatives to dependence on oil revenues.”
And indicated, “The law has faced objections and reservations by some representatives of political blocs, given that the private sector will control mineral resources and may have external agendas exploiting these investments in other ends.” Ended 6/29 n
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