Millionday news 8/3/14 Part 1
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millionday] SO HERE WE GO WHOOOPOW
[millionday] THIS IS FROM A HUGE MEETING OF IRAQ`S NATIONAL BUSINESS COUNCIL --
[millionday] In looking Iraq for a way out of the challenges faced by the process of economic development is needed to the international effort Advanced,
which in turn needs to be a safe environment and able to absorb capital and advanced technology,
and represents the international effort major international companies active in the construction and reconstruction, investment and the sights, heading towards Iraq,
which is the front-Good offer job opportunities are many and great, here highlights the question of the most important elements of the attraction of this effort
[millionday] NOTE -- THIS MEETING IS ABOUT THE ENTRY OF THE GLOBE TO IRAQ FOR THE FREE MARKET ECONOMY AND THE DEVELOPMENT OF THE ECONOMY GOING ON RIGHT NOW
[millionday] NOTE -- THEY ARE DISCUSSING HOW TO HANDLE THE GREAT GROUP OF COUNTRIES THAT ARE ENTERING AND ON THE WAY
[millionday] The answer came from a member of the Iraqi National Business Council Abdullah al-Jubouri, in answering the question: "morning" about the decline in the desire of companies to invest in the country despite the availability of such great opportunities reported,
saying that the legislation governing the process of investment and of the Investment Law No. 13 of 2006, as amended which is one of the most important investment laws in the region to be a magnet president for global companies,
but this is not enough unless it is accompanied by simplistic measures for the implementation of this law, which collides with some applications and disability.
millionday] NOTE -- THEY ARE LACKING SOME OF THE LAWS THAT HAVE NOT BEEN ACTIVATED YET -- REMEMBER ALL AT THE SAME TIME
[millionday] He added that the second requirement Jubouri is how coordination between the government departments concerned with investment to create an attractive environment for businesses and international capital, and to find radical solutions to the intersections occurring between departments, which constitute a major reason for the reluctance of the investment process in the country.
[millionday] NOTE -- OBVIOUSLY THE FUNDING AND EXCHANGING PROCESS IS A PROBLEM THAT HAS TO BE A CHALLENGE
[millionday] NOTE -- AND HERE ARE SOME OTHERS
[millionday] He pointed to the importance of the availability of infrastructure such as bridges and highways, telecommunications, industry, along with the flexibility to complete transactions,
including helping to facilitate the implementation of investment projects in all regions of the country, which needs a large number of projects in the most productive and service sectors, and this requires to initiate the implementation of projects in the infrastructure first .
millionday] NOTE -- THIS SECTION IS FULL OF INFO WE NEED
[millionday] He pointed out that the security aspect is one of the most important elements of attracting international investments, especially that most of the global companies focused on the availability of security and stability to come to the heads of their funds to the sector,
which is located within the specialization, pointing to the existence of companies have Atercz at this juncture so much and have the ability to work in environments does not have the stability of a senior security because of economic feasibility in this case be large and this enhances the rates of profit for those companies that come with capital and advanced technology to the country.
The big companies do not often stay prefer to work with this principle, but are looking for a safe environment because it does not want to risk their own money.
millionday] NOTE -- A BUSINESS HAS TO LOOK AT ALL ASPECTS AND THE FEAR OF LACK OF SECURITY THAT MAY CAUSE THEM TO BE ROBBED
OR EVEN THE PROTECTION OF LAW IS A PROBLEM THAT HAS TO BE LOOKED AT
BUT -- THE ABILITY TO MAKE HUGE FUNDS IS VERY ATTRACTIVE
millionday] In another matter stressed Jubouri on the importance of activating the role of accountants and auditors and the adoption of the best ways adopted internationally in this area through the promotion of this segment, which lies upon the task of not allowing any state manipulation accompany operations implementation of investment projects,
where the world has witnessed great development in this area requires that the heading to work towards communicating with this effort and moved across the country to engage in Mhaspina developmental courses within the specialized international centers.
[millionday] NOTE -- THEY NEED TO ALSO INFORM THE INTERNATIONAL COMPANIES THAT THERE IS A DEVELOPMENT BANK THAT WILL HELP ALL TRANSITIONS WITH FOREIGN COMPANIES WITH FUNDS OF DINAR TO THEIR OWN
[millionday] As for the issue of the single window has Jabouri said that it requires to activate this subject and make it of investment incentives by finding formulas ideal for her work over the representation of all stakeholders in their work and are treated within this circle without reference to the institutions concerned and that is achievement within a short period of Atthagl the shoulders of the investor and the dispersion of activity.
millionday] Turning to the topic in a very important respect actively Iraqi National Business Council at the stage of a new business after it became a Platform for Action and the internal system,
and focus on the orientation towards the international effort to find real partners of foreign investors to operate in Iraq, referring to the quest to overcome all the obstacles that limit Seen the international effort in the country and its members would be a more active role in the next stage of the national economy.
millionday] NOTE -- THEY NEED TO BE ABLE TO FIND IRAQI COMPANIES THAT CAN HELP WITH ALL THE NEW PLATFORMS AND ACTIVATIONS –
THE INVESTMENT LAWS AND MAYBE EVEN MERGE OR FORM PARTNERSHIPS --
millionday] THEY ARE TRYING TO MAKE IT AS EASY AND ADD CONFIDENCE WHICH IS NEEDED IN CORPORATE TRANSITIONS AND EXPANSIONS
[millionday] He concluded by emphasizing the importance of the work on the transfer of successful international experiences of regional and international approach are conditions that have lived to what the country is going through and was able to force the reluctance of the Department of Economic and their economies have become influential in today's global arena.
millionday] SO THE ENTIRE MEETING IS ALL ABOUT HELPING THE GLOBAL ARENA AS THEY ENTER IRAQ AND MAKING THE TRANSITION AS SMOOTH AS POSSIBLE FOR THE INVESTORS AND FRANCHISERS -- CORPORATIONS AND SO ON SMILE GREAT TIMING
[tbell] Just a comment!!! WHOOOPOW
millionday] WHOOOPOW IS RIGHT
[millionday] THIS IS FANTASTIC AND SHOWS THAT THEY ARE PREPARED -- LOVE IT
mrref1216] Any estimation on how long all of this will take
[millionday] NOT IN THAT REPORT
millionday] HERE WE GO WITH ANOTHER
[millionday] Phase requires access to a market economy to find a mechanism of cooperation between the relevant government departments and the Ministry of Commerce to achieve real support to the private sector and a reliable partner in economic development through the coordination of efforts in relation to the types of imports.
This comes at a time confirmed by the General Company for Trade and business services need to cooperate relevant authorities to provide accurate studies of the need and the market digested substances that fall within the competence of sectoral.
[millionday] NOTE -- THEY DONT NEED TO HAVE WAY TOO MUCH THAN WHAT THE MARKET CALLS FOR -- SUPPLY AND DEMAND IS WHAT THEY ARE TALKING ABOUT -- THE WORKING TOGETHER TO CALCULATE IT
[millionday] Confirmed researcher economic state just need to study the market to curb the indiscriminate import and application of the mechanisms of successful imposition of a state of equilibrium between import and what can be produced locally to save huge amounts of money can be employed in the areas of reconstruction or directed to the development process Mikhaddm realistically.
[millionday] NOTE -- THEY ALSO NEED TO APPLY THE PRODUCTION OF THE NATION SO THAT THE LOCAL INDUSTRIES CAN FLOURISH AS WELL
[millionday] She just told (morning) that there are large amounts borne by Iraq due to his Bastiradat variety to cover the shortfall in national production and meet the needs of the market,
pointing to the existence of imports governmental organizations (Kmvrdat ration) or imports business carried out by the private sector in both cases, the large proportion of these money goes in this direction.
[millionday] NOTE -- SUPPORT FOR THEIR OWN PRODUCTION IS A NEEDED INVESTMENT AS WELL -- AND IT TAKES THE GOV DEPARTMENTS AND THE DEPARTMENT OF COMMERCE WORKING TOGETHER TO MAKE SENSE OF IT ALL
[millionday] She noted that the entry requirements of market economy system should be deliberate and not random as it is the case now, stressing that the cooperation of the ministries and government departments to implement the mechanisms required for the application of the law to protect Iraqi products No. 11 for the year 2010.
The General Company for Trade and business services reported earlier that the Ministry of Agriculture has a coordinate with the company in the field of importing food and agriculture as the sector responsible for it as well as
millionday] the possession statistics on domestic production, leading consequently to achieve self-sufficiency in agricultural crops certain.
The researcher called for ministries to coordinate with the company being granted import licenses as well as its responsibility and its role in supporting the economy of the country through its commitment to the introduction of good materials and goods according to standard specifications. Indicating that the company has contributed to the reduction of indiscriminate import of goods lousy.
[millionday] SO THEY MUST FOLLOW ALL REQUIREMENTS FOR IMPORTS SO THAT THE PRODUCTS IRAQ GETS ARE THE BEST AND MEET QUOTA AND ALSO STANDARDS
[millionday] SO AS WE SEE THEY ARE DISCUSSING THE IMPORTS THAT ARE COMING WHICH IS OPENING UP TO THE GLOBE --- A MARKET ECONOMY AND ECONOMIC DEVELOPMENT =--- WHOOOPOW
[slh5282] do they still have to process according to the tariffs or were those placed on hold until the currency value changes?
[millionday] THE PRICE OF THE CURRENCY WILL HAVE TO BE FAIRLY PRICED IN ORDER FOR IRAQ TO MAKE IT ECONOMICALLY AND ALSO FOR THE IMPORTS TO BE VALUED CORRECTLY --
millionday] FAIR TRADE ACCORDING TO THIS IS ON THE WAY AND IS PART OF THIS PHASE –
THE ECONOMIC DEVELOPMENT INCLUDES THE BANKING REFORM AND THE MONETARY POLICY
[slh5282] So will the tariff laws have any affect on the transition or the growth capabilities?
[millionday] THE TARIFF LAWS WILL BE TAXES THAT GO TO THE GOVERNMENT
millionday] THEY HAVE MANY FREE TAX ZONES THAT WILL BE FREE FOR SOME IN THE REGION AND ALSO LASTS I BELIEVE FOR TEN YEARS UNLESS THEY HAVE CHANGED IT
millionday] NOTE -- LET ME JUST SAY THAT CHANGES AND AMMENDMENTS CAN BE MADE TO A LAW ONCE IT IS VOTED IN
[millionday] Omar Abdel Latif, despite the fact that "the situation with the province in regards to the budget in 2014 has become more complex," but that the House will try to vote on the Commission to resolve this bill in its session on Tuesday,
at a time when sources within the council that the budget in 2014 will be returned to the government to make amendments to some of the developments that have taken place on the general situation in Iraq.
[millionday] NOTE -- THEY ARE NOT STATING THAT THEY ARE READING IT SO OUR ANSWER IS GIVEN -- THE BUDGET WILL BE VOTED ON AND NOT READ THROUGH TWICE BEFORE THE VOTE
[millionday] A statement singled out the "morning" that the budget of 2014 in its present state has become "that do not fit Iraq at all" because of the changes that have taken place on their doors as a result of the general situation in Iraq,
noting that the most prominent of these changes differing rate of Iraqi oil exports after it began the Kurdistan region to export, in addition to the expenses of security and defense, which varied are the Other, as well as file displaced which impose a new reality on the country.
[millionday] NOTE -- THE NEW REALITY OF THE COUNTRY -- AND OF COURSE THE OIL EXPORTS AND FUNDS IN ACCOUNTS IN TURKEY AND ALSO THE EXPENSES THAT WERE NOT EXPECTED UNTIL ALL THE FIGHTING AND KILLING BEGAN
[millionday] lawmakers have demanded the need to re-balance in 2014 to the government to reconsider it and install the changes that have occurred during the period not to exceed 10 days,
describing the vote on this budget without making these adjustments and changes as "a vote on something that is not realistic». faced approving a bill to balance the federal financial 2014 difficulties of passing in the House of Representatives during the the previous session due to continuing differences between the political blocs
and presented several demands and proposals to include the budget, as well as the ongoing dispute between the central government and the Kurdistan Regional Government on the region's share, which calls for the latter that not less than 17 percent out of the budget and
[millionday] the payment of oil companies operating in Kurdistan and the salaries of the Peshmerga forces it which is rejected by Baghdad accuses Erbil not delivered the oil produced and exported without its consent, as well as its contract with the companies prepared by the federal government in violation of the Constitution which denies the province. ,
but the Member of Parliament for the Liberal bloc Magda Tamimi pointed out that the situation with the Kurdistan region is now more complicated than before on the grounds that the province has made the export of oil and at the same time has been allocated 17 percent of the budget to him,