Monday, June 18, 2012

Deputy: the need to amend the investment law, a format that allows the establishment of banks and specialized intermediate to ensure the rights

  Monday 18/06/2012

Baghdad (news) .. I suggest a member of the Finance Committee MP / National Alliance / Amin Abbas, amend the investment law, a format that allows the establishment of banks and intermediate specialized investment guarantees the rights of the investor and the beneficiary country.
Abbas said (of the Agency news) said on Monday: amend the investment law has become an urgent need to overcome the crippling red tape in the granting of investment licenses and land grants to ease investors' investment to advance forward.

He pointed out: that the banking system is one of the obstacles faced by the investor when you come because it does not give him flexibility in the process of granting bank guarantees, emphasizing the importance of establishing specialized banks to invest serve as banks intermediate between the investor and the beneficiary to guarantee the rights of the parties. / Finished / 8. N. r /