Economic Advisor to the owners: the application of the trading system will attract investments worth billions of dollars for Iraq
17/9/2009 - 09:33 17/9/2009 - 09:33
BAGHDAD / Aswat al-Iraq: most likely an economic advisor to Prime Minister Abdul Hussein Al-Anbuge, Thursday, that the system will Altbal business (Offset) to attract millions of dollars to the Iraqi economy, by imposing a certain percentage of investment funds contracts for the supply of goods agreements with companies that relied upon in Iraq import needs.
He said Abdul Hussein Al-Anbuge told (Voices of Iraq) that "the trading system (offset) in place in many countries of the world, which was initially a trade-off between imports and exports between them, for the purpose of finding a market for some exports, which have no market," adding that "The country that is importing large quantities of goods, he is based part of the amounts by exports to the States, and this leads to the result of linking exports to Balastairadat and find markets for their products and promote trade balance in that state."
Anbuge He said, "In a country like Iraq to Aisdr only one commodity is oil and imports everything, particularly the articles of the ration card which is estimated at 6 to 7 billion dinars, as well as armament contracts for the Iraqi army" as well as "buy spare parts and the implementation of the contracts, oil and electricity infrastructure and others, all of these supply contracts are the result of a leak income cycle of Iraq. "
He noted that Anbuge trading system "would return part of that money leaked to the Iraqi economy again, and through the other side of the Offset System, which is to impose the requirement on those companies which supply goods to Iraq, will invest between 30-50 % of the contract amounts in the Iraqi economy, "adding that this type of investment" would be in the result for those companies that will get the privileges of the law of investment, and attracting billions of dollars to invest in Iraq because it is a country with a large gap in development and infrastructure. "
And about what Iraq needs to implement the trading system Anbuge said, "All we have to do to establish a department of the Ministry of Finance with the participation of the Investment Authority and the Ministry of Planning and Central Bank of Iraq and other ministries concerned are to develop a mechanism to view the order and conditions for investment within the system," adding that Iraq "What is currently in desperate need of investment, a commitment will be unfair for those companies, as they will benefit from this measure, you will get investments to Iraq," In the case of "to be those companies that are not competent to invest and work of the supply of goods only, it is the power of these companies deal with a third party capable on the implementation of investments in Iraq. "
On the response of those companies to a system with a lack of complete stability on the level of security and political situation in Iraq, he said Anbuge that "the unstable situation in Iraq did not prevent those companies from the supply of goods to him, and as long as there are many companies ready to export to Iraq, flooding the market, they certainly will be able to invest in Iraq, "adding that" Instead of the economic situation in the country in this manner can be diversified and to obtain the fullest possible use, allowing us to grow the economy and to direct oil revenues to the different sectors, which help diversify exports from Iraq. "
م د(م)- M d (m) --
نسخة للطباعة Print
17/9/2009 - 09:33 17/9/2009 - 09:33
BAGHDAD / Aswat al-Iraq: most likely an economic advisor to Prime Minister Abdul Hussein Al-Anbuge, Thursday, that the system will Altbal business (Offset) to attract millions of dollars to the Iraqi economy, by imposing a certain percentage of investment funds contracts for the supply of goods agreements with companies that relied upon in Iraq import needs.
He said Abdul Hussein Al-Anbuge told (Voices of Iraq) that "the trading system (offset) in place in many countries of the world, which was initially a trade-off between imports and exports between them, for the purpose of finding a market for some exports, which have no market," adding that "The country that is importing large quantities of goods, he is based part of the amounts by exports to the States, and this leads to the result of linking exports to Balastairadat and find markets for their products and promote trade balance in that state."
Anbuge He said, "In a country like Iraq to Aisdr only one commodity is oil and imports everything, particularly the articles of the ration card which is estimated at 6 to 7 billion dinars, as well as armament contracts for the Iraqi army" as well as "buy spare parts and the implementation of the contracts, oil and electricity infrastructure and others, all of these supply contracts are the result of a leak income cycle of Iraq. "
He noted that Anbuge trading system "would return part of that money leaked to the Iraqi economy again, and through the other side of the Offset System, which is to impose the requirement on those companies which supply goods to Iraq, will invest between 30-50 % of the contract amounts in the Iraqi economy, "adding that this type of investment" would be in the result for those companies that will get the privileges of the law of investment, and attracting billions of dollars to invest in Iraq because it is a country with a large gap in development and infrastructure. "
And about what Iraq needs to implement the trading system Anbuge said, "All we have to do to establish a department of the Ministry of Finance with the participation of the Investment Authority and the Ministry of Planning and Central Bank of Iraq and other ministries concerned are to develop a mechanism to view the order and conditions for investment within the system," adding that Iraq "What is currently in desperate need of investment, a commitment will be unfair for those companies, as they will benefit from this measure, you will get investments to Iraq," In the case of "to be those companies that are not competent to invest and work of the supply of goods only, it is the power of these companies deal with a third party capable on the implementation of investments in Iraq. "
On the response of those companies to a system with a lack of complete stability on the level of security and political situation in Iraq, he said Anbuge that "the unstable situation in Iraq did not prevent those companies from the supply of goods to him, and as long as there are many companies ready to export to Iraq, flooding the market, they certainly will be able to invest in Iraq, "adding that" Instead of the economic situation in the country in this manner can be diversified and to obtain the fullest possible use, allowing us to grow the economy and to direct oil revenues to the different sectors, which help diversify exports from Iraq. "
م د(م)- M d (m) --
نسخة للطباعة Print