Features of the investment environment

[DWS112]

Features of the investment environment

 

 01 December 2019

The talk about attracting foreign investment during the years of the transition period, which was beset by many phenomena of security and political confusion, was more like security despite the availability of safe climates in many governorates. Successive could not achieve this. Security instability in the country's overall landscape has often been cited, with the incomplete legal system that shapes working environment relationships and curbs corruption and mismanagement as repelling factors, while others see the weak performance of the banking sector and its rise to the global banking industry as a cause. This is mainly due to the non-flow of foreign investments looking for an environment in which financial transactions are regulated through a banking system that secures money flows smoothly and ensures safe and fast trades up to the global banking industry that produces remote services.

 

It appears that the paper presented by the Representative of the Secretary-General of the United Nations, "Jenin Blachart" during her recent meeting in the House of Representatives, which included recommendations on the acceleration of the enactment of a number of laws inactivated, will pave the near term to achieve a favorable atmosphere for investment, as the legislation of economic laws along with legislation and related procedures The political and security nature referred to in the paper, such as the amendment of the Investment and Partnership Promotion Act, the legislation of the Council of Reconstruction, oil and gas, the resolution of the housing crisis, social security, where do you get this, as well as the Federal Court Law "which will exercise strict control In the implementation of the Constitution and the laws in force ”, in one way or another, will contribute to paving the way for an appropriate investment environment, through which the managers of Iraqi.

 

In light of the preparations that took over the years in the banking sector, which constituted an infrastructure for performance, after the introduction of a large package of electronic payment systems and the adoption of international standards in transactions, specifically concerned with monitoring the phenomenon of money laundering, the banking sector is ready to receive the flow of foreign capital with distinction, while The security reality will be at its best after the implementation of the security laws, specifically the law regulating the possession of weapons and the law regulating the work of security companies in the country, and the application of laws related to the regulation of market relations will contribute to creating an attractive environment for the flow of capital in light of the opportunities The promotion of fair competition as an engine of inclusive growth cannot be achieved without the application of competition and antitrust law, the protection of intellectual property and trademark law and the protection of domestic product, while labor, trade union and consumer protection laws Market relations