The Ministry of commerce has developed a plan to expand the non-public zone at some point of the following phase.
The Director fashionable of the non-public region development department at the Ministry, Malik Khalaf Wadi Al-Durai’i, advised dinaropinions.com that the time period private quarter development is large, in particular in Iraq, because the paintings environment there wishes a number of motion and transformation from a directed economic system to a unfastened economic system, then a bendy knowledge financial system.
He defined that his department has many speedy steps to develop the nearby private area, with the purpose of catching up with the global economy and commercial enterprise environment in terms of law and tactics, in addition to making sure compliance with the applicable laws associated with the work of the non-public region, and reviewing what’s not suitable.
Al-Durai’i pointed out that the perfect legal framework has been mounted for problems no longer included with the aid of the relevant legal guidelines, and that require the enactment of latest laws in phrases of control, funding, operation, safety, assure, incentives, empowerment and facilities, related to defensive funding and providing ensures and others, which decorate signs of ease of business, further to the governance of all institutions and entities associated with the paintings of the private zone.
He pointed out the importance of education, qualification and establishing actual partnerships to expand know-how and improve basic infrastructure, noting the begin of building what isn’t available, completing the development of business cities and technology parks on the governorate level, and offering maps of investment that have an effect on the most crucial improvement dreams.
Al-Durai’i added that these measures have been focused on the consensus of many officers and experts, as it is the pillar on which the economy within the country is based, stressing that the non-public zone has began to grow for the duration of the present day stage, and needs care, improvement and steerage from the state and its establishments, and the state’s door is open to the whole thing that blessings this sector and can improve and flourish via it.
