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Minister: A plan to revive 17 factories in Iraq Iraq January 17, 2021 09:17 PM Mubasher: The Iraqi Minister of Industry and Minerals, Manhal Aziz, announced that 5 new factories will soon be opened. Manhal Aziz said in a statement to Al-Iraqiya News, which was followed by the Iraqi News Agency (INA), today, Sunday, that changing the exchange rate will allow competition to the local product. Aziz added that the ministry began with a real plan to revive 17 factories that were previously idle, and succeeded in opening 12 of them, while 5 others will be opened and restored to work within the next six months. He pointed out that, after 2003, the ministry had been marginalized, in addition to the great destruction of the infrastructure and many production lines, noting that it "owns 225 factories today, out of which about 83 are completely idle." And that "the ministry's plan is to revive these factories, employ manpower and increase national production." Aziz continued, "The change of the dollar exchange rate provided an opportunity for the Iraqi producer to be a real competitor, pointing out that the ministry with its new plan greatly supports the private sector for its role in reviving the national industry." And, and that "there are foreign and regional companies express their desire to enter and cooperate in the Iraqi market because of this increase in market prices, which leads to a kind of economic feasibility in establishing these factories inside Iraq." Aziz pointed out that "the government is seeking to put in place a real law for border crossings and set fees and taxes on products to find real ways to market inside Iraq within the controls and laws supporting the protection of the national product." He explained that "there is an agreement and cooperation with the Ministry of Planning and the Center for Privatization and Quality Control to develop a directory of Iraqi products and protect them, and put large fees on them. These materials must cover the market need and be of a high level of efficiency and quality and have a competitive price in the market."