New Law Formation to Help Boost in Iraqi Revenues

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Following the change in the laws and financial policies, there will be a good change in the economic system and revenues will be increased from half of billion US dollars to One billion and Seven million US dollars only. And this will give support to the broken economy of the world. And it has been further pointed out that Law will give them independence as well as administrative authority in exchange showing that port as well as Iraqi border suffer a lot of things without these new laws implementations.

Many financial experts predict that Implementation of these laws was very much important and its timely formation will prove to be a good deal of time.Mahma Khalid, Member of a commission said in an interview that Economic commission is working on the economic bill to generate the responsibility to supervise the work passages across the country and improve their work in the working experience and further noting that point of attachment of the body would be the Ministry of finance and moreover they would have full administrative powers and fully independence in return which are thought to be very good and will improve the trade functions and functions of crossing points and giving the methodically logistics without resorting to the normal dull.

He further said that border crossing into Iraq has lots of problems and first problem is that Iraq has not any sort of laboratory and electrical monitoring devices to monitor the security system of Iraq, which check the authenticity of the product and that’s the reason the formation of laboratory in Iraq is important to be formed for the purpose of checking the imported goods. And in this way formation of body new laws will help Iraq to set up portals, laboratories, logistic requirements in order to cross the border. And that’s the reason these laws are thought to give a complete solution to the common man to trade in Iraq and  Iraqi Dinar Investment with full freedom independence.