Minister of Industry: The private sector facilitates the transition to a market economy

by **claud39** Sun Nov 08, 2020 9:25 am

Minister of Industry: The private sector facilitates the transition to a market economy

11/8/2020

Economy News _ Baghdad

The Minister of Industry and Minerals, Manhal Aziz Al-Khabbaz, held a meeting with a number of authorized directors and representatives of the 15 mixed sector companies supervised by the Ministry in accordance with Law 21 of 1997, to discuss the production reality in these companies and to identify the most prominent problems and obstacles they face and find the necessary solutions to them.

The minister stressed during the meeting, which was attended by the Director General of the Economic Department and his assistant, and the head of the mixed and private sector section at the ministry’s headquarters, that "revitalizing mixed sector companies will be a true model for the transition from the central economy to the market economy."

He pointed out that “these companies need a real vision and clear plans to advance them by finding solutions to their problems and developing appropriate legislation and laws,” stressing “the Ministry of Industry’s endeavor to lay the right foundations for the advancement of these companies by getting rid of bureaucracy and reducing burdens, especially as it needs to re An evaluation of the transition from the stage of loss and stagnation to the stage of production and profitability.

The minister pointed out “the necessity to achieve competition in the local market through efficiency, performance and price,” pointing out that “companies generally lack efficient and correct marketing methods,” stressing that “the ministry seeks to contribute mainly to the Iraqi national product and has a role in food security. And industrial security ».

He said, "The industry used to contribute 15 to 16 percent of the gross national product, which necessitates laying the foundations and the right strategies for the resurgence of Iraqi industry."

https://economy-news.net/content.php?id=22572