Zeidi: The time is very suitable for the formation of the Supreme Economic Council

[yota691]

Zeidi: The time is very suitable for the formation of the Supreme Economic Council

Monday 22 April 2019 29

 

Baghdad / Mustafa al-Hashemi

 

 

Abdul-Hassan al-Zayadi, the expert on economic affairs, stressed the need to expedite the completion of the steps of forming the Supreme Economic Council, which had reached advanced stages to declare it as a formation representing the private sector officially.

The Zeadi said in an interview for "morning" that "the proposal to form this Council built on the fact that its constituents are formed according to the law, which are sectoral sectors representing a number of components of the private sector."

 

Components of the Board

Al-Zayadi explained that the most prominent of these are the Federation of Iraqi Industries, the Union of Chambers of Commerce and the Union of Contractors, the Insurance Association and the Federation of Agricultural Associations, as well as the Association of Travel and Tourism Companies, in addition to a number of other economic organizations belonging to the private sector and registered according to its own law.

He stressed that "the time now is very appropriate for the formation of the Supreme Economic Council, especially that Iraq is more open to economic neighbors neighboring countries wishing to exchange investments through the contribution of the Iraqi private sector with counterparts from other countries that have a unified entity representing the private sector.

 

General elections

He pointed out that "the possibility of calling for general elections for the private sectors of the private sector to choose those who represent them democratically and transparently to lead the Council, which will inevitably contribute to the involvement of the private sector in the economic development process." "The recent agreements signed with the Saudi side will require the existence of a unified entity to represent the private sector to expand its investments inside and outside Iraq, because the presence of a representative of the private sector facilitates the entry of investments to the country because it enjoys freedom of movement of funds and free of bureaucracy, .

 

Wealth distribution

"The formation of this council will contribute to the redistribution of wealth and income in a way that achieves part of the welfare of citizens by employing the largest number of unemployed, graduates and both sexes."

"The government is seeking to form a higher economic council and link it to the Council of Ministers to work on increasing per capita income, stabilizing prices and providing productive employment opportunities," said Jamil Antoine, vice president of the Iraqi Economists Association.

 

HR

He added that the council will also "optimize the recruitment and operation of human resources while controlling the public debt and placing it within secure limits, as well as emphasizing the equitable distribution of income and the opportunities to diversify the economic base and increase the sources of public revenues, provided that the private sector is one of the pillars of this council." Antoine stressed that " This council needs to legislate a law that regulates its work and that the private sector participates in writing this law and defining its objectives and the specifications of the people who will work in it. Therefore, there is supervision, calculation and auditing of the work to be submitted during the period before its foundation to be discussed. National Neyn and owners of experience and efficiency in their work, whether in the market or in the State and recognized for integrity.

[6ly410]

2019/04/22 17:43

Planning announces the formation of a specialized council to develop the private sector

http://almasalah.com/ar/news/169399/التخطيط-تعلن-تشكيل-مجلس-متخصص-لتطوير-القطاع-الخاص

 

The Minister of Planning, Nuri al-Dulaimi, announced on Monday 22 April 2019 the formation of a specialized council for the development of the private sector during the coming period, indicating that it will include representatives of the concerned bodies in the public and private sectors. Sector for economic development, under the supervision of the public sector, which will be responsible for the formulation of economic and development policies and follow-up implementation.

"Al Dulaimi called on the private sector to provide a strategic vision consistent with the objectives and determinants set by the Ministry of Planning in its vision of sustainable development 2030, which seeks to provide the greatest possible opportunities for employment," a statement said. To overcome the challenges by enhancing and facilitating procedures at the border crossings, supporting the business environment through activating the law of consumer and product protection, and providing a safe, stable and attractive environment for investment.

He added that these government endeavors "are under the supervision of the Committee on Economic Affairs to reduce the cost of production in general, and the unification of customs duties on the import of means of production and facilitate the flow of goods."

He added that "the meeting discussed the mechanisms, criteria, functions and roles of the private sector development council to be formed during the coming period, and involve local and foreign private banks in financing productive projects, and the possibility of developing development funds to grant loans to industrialists and simplify the procedures adopted.

Edited April 23, 2019 by 6ly410

[Laid Back]

“The Minister of Planning, Nuri al-Dulaimi, announced on Monday 22 April 2019 the formation of a specialized council for the development of the private sector during the coming period“

 

They haven’t started to develop private sector yet. 

 

Like a said before, Iraq needs a strong economy that can support a higher 

value of the IQD.

 

The private sector is the engine of growth.

- create jobs

- helps to diversify the economy 

- promotes economic growth 

- reduces poverty 

 

This is one of the reasons our wait for an RV will take a little longer.

 

 

 

 

[10 YEARS LATER]

There are times when I feel we'll all be here same time NEXT year . . . 

[WheresmyRV?]

7 hours ago, 10 YEARS LATER said:

There are times when I feel we'll all be here same time NEXT year . . . 

I'm thinking the same too 

[Donziman]

Ten YL   You will evolve into 15YL  in the near future.  Lol

[ChuckFinley]

A little less talk and a little more action.