09/12/12
Mayahi said (of the Agency news): The establishment of a free economic zones, both on the border with neighboring countries or between provinces and cities is essential to promote commercial exchanges and reduce the cost of transporting goods.
He added: that the free zones will help to attract international companies to work inside Iraq, plus it helps traders to transport their goods and to identify the companies exporting goods, which supports the national economy and development.
He noted that some Iraqi provinces serve the creation of free economic zones such as Basra, Diwaniyah and Baghdad and facilitate job transporting goods between cities and provinces.
And lies economic philosophy of free zones in the concession State some taxes on any activity in order to achieve beneficial biggest pan country's economy and adopted many of the world to the style of the establishment of free zones, especially in developing countries because of the free zones of importance in the creation of sources of additional funding for the development and attracting foreign investment selective manner and transfer of modern technology and employment to eliminate the local unemployment
It was founded General Authority for Free Zones Iraqi under Law No. (3) for the year 1998 for the purpose of keeping up with global developments of increasing interdependence in international economic relations in the framework of economic freedom and to isolate these developments for the march of the Iraqi economy and privacy and boost socio-economic development forward by attract National Heads money and foreign and the establishment of industrial projects that use advanced Altknuaoggio and there are currently three free zones belonging to the body is (Nineveh, Khor Al-Zubair, based). / end / 8. n. p /