Stryker: I pulled these over here this morning and had yota post them again for the quest to read because they hold some key points to where Iraq is going as a Free Market Economy and how fast.
**** House of Representatives to amend the Law of the Ministry of Industry format supports private industry, likely enacted after the adoption of the general budget. a lot of things are awaiting the passage of this years budget as I have talked about on my shows.
**** The law of the Ministry of Industry conducted by the package of amendments during past periods ,there has been many changes completed already as is stated here, that has already improved that leads more investors to Iraq..
**** but still needs further amendments consistent with the policy of a free market economy. NOT MUCH MORE IS NEEDED IMO, THEY ARE JUST ABOUT WHERE THEY NEED TO BE
Read More Link On Right
**** given the active role of the private in the development of the economy of the country. AND WHERE IT SHOULD BE IN A FREE MARKET ECONOMY AND TO BE LEFT FOR THE PRIVATE SECTOR TO DEVELOP.
WHEN ARE THE TWO STATE OWNED BANKS GOING TO GO PUBLIC IS THE NEXT QUESTION IN MY MIND?
*** this is what will happen to a lot of economic problems in the country to absorb unemployment and activation of the private industrial sector. THIS IS EXACTLY HOW JOBS ARE CREATED ...
Why would I pick these out you may ask, well it's because we are following the money in this investment. I say that because where the real big money goes in the world is where there is a chance for us little people to gain from it.
Iraq is and will be the fastest growing economy in the world in spite of itself for many years to come, so our chances keep increasing every day that we will see a windfall from this. There are a few more changes that will follow after this years budget passage and then it will be like the big bang theory all over again and I'm not talking about the TV Show, lol.
THEY KNOW WHAT NEEDS TO BE DONE AND THEY ARE MAKING STEPS IN THIS DIRECTION DAILY, WE WILL SEE LAWS THAT ARE READY TO BE IMPLEMENTED LAUNCHED AS SOON AS WE SEE THE BUDGET PASSED AND WITH THAT COMES THE FIVE YEAR PLAN.
KEEP IN MIND THAT WE HAVE READ ALL OF THESE CONCERNS OVER THE LAST FEW YEARS AND WE HAVE ALSO READ THAT THESE LAWS WERE VOTED ON AND PASSED, NOW ARE THERE ONES THAT HAVEN'T BEEN VOTED ON, OF COURSE BUT THEY ARE IMO READY TO BE PASSED.
JUST LOOK AT A FEW OF THESE QUOTES, STARTING OFF WITH THE TITLE;
ECONOMISTS ARE PREPARING INVESTMENT LAW STUMBLING BLOCK FOR INTERNATIONAL COMPANIES
**** sent messages is reassuring to foreign investors
*** in addition to legislation underdeveloped formed a significant impediment to the investment process in the country
THESE LAST TWO TALKED ABOUT WHAT NEEDS TO BE DONE
*** At the same time looked Basra province, yesterday
*** U.S. companies accessible mechanism for participation in city projects and investment
*** Importance of developing real guarantees for investors coming to invest in the country to secure their capital
*** the creation of a solid legal environment
THESE IS A LITTLE CONFUSING BECAUSE SOME OF THE POINTS IN THIS ARTICLE CONTRADICT EACH OTHER SO I BELIEVE WE LOSS A LITTLE IN THE TRANSLATION BUT I THINK THEY ARE TRYING TO SAY THAT THE LARGER PARTS OF THE CHANGES NEEDED ARE DONE AND THAT THE AMERICAN INVESTORS ARE THERE TO STAY. SEE IN THIS NEXT STATEMENT;
*** Tahir said the news agency that the security and political situations in Iraq unstable
*** a sophisticated banking system
*** making international companies and foreign investments are afraid to enter the Iraqi environment for business and investment
FOLKS WE HAVE HEARD THESE TYPE OF STATEMENTS A LONG TIME AGO, THEY TEND TO TELL THE PRESENT STORY BUT WITHOUT YOU KNOWING THEY ARE REFLECTING BACK IN TIME,
SO I BELIEVE THAT THESE ARE REFECTION QUOTES IF THAT MAKES SENSE. JUST THE SIMPLE WAY THEY WRITE OVER THERE. AS YOU WILL SEE IN THESE NEXT QUOTES;
*** Iraqi environment ripe for investment, especially after the success of the central bank policy in recent years in maintaining the stability of the Iraqi dinar against foreign currency
*** current investment law is good but needs minor adjustments
DO THEY NEED MORE WORK, SURE THEY DO BUT THEY ARE SO CLOSE ON MANY OF THESE CONCERNS THAT I FEEL IF THEY CAN JUST GET PASSED A FEW MORE ISSUES, MAINLY THE PAYMENT OF THE CONTRACTORS THAT IN ITSELF WOULD LEAD TO THE OIL & GAS LAW BEING THAT MUCH CLOSER TOO!
CHIN UP FOLKS, THE PARTY IS GETTING VERY INTERESTING, JUST READ THE TWO BUDGET THREADS THAT GAMARAY AND YOTA POSTED TODAY. A BLOW BY BLOW ACCOUNT OF WHAT WENT ON TODAY IN PARLIAMENT.