Iraq needs political strategic vision to upgrade industrial sector, says economic expert

iraq needs political strategic vision to upgrade industrial sector says economic expert Iraq needs political strategic vision to upgrade industrial sector, says economic expert

Baghdad (IraqiNews.com) The economic expert, Basim Jamil, stated, on Wednesday, that ”Iraq needs a strategic vision and political resolution to upgrade its industrial sector.”He added in statement to IraqiNews.com on Wednesday ”The delay of industry in Iraq is a accumulation that come from the former regime due to the lack of allocations and spending the money in wars and other non important issues.””Unfortunately, after toppling the former regime, things were not as we expected, on the contrary, it became more complicated since the foreign goods filled the Iraqi markets,” he added.”In order to upgrade the reality of industry in Iraq, we need to set a strategy by the Ministry of Industry in cooperation with the private sector through a special committee was formed two years ago,” he pointed out. ”The committee confirmed that by providing electricity power in industrial areas and granting loans for industrialists as well as stopping the random importing for foreign goods in addition to applying the four laws that were legislated in the Parliament in 2010 the industrial sector in Iraq will be enhanced,” he concluded. \

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