Reysan calls for endorsing new laws to refresh Iraqi economic situation

Baghdad (IraqiNews.com) Member of the Financial Parliamentary Committee MP Abdul Hussein Reysan called the Parliament to endorse new laws that would facilitate the economic work in the country and form a developed administrative system to eliminate the financial and administrative corruption.

“Building the State economically requires setting a future economic vision and establishing a support for this vision through plans and agreements among political partners as well as support of the legislative body,” he stated to Iraqi News.

“During the last 35 years, Iraq adopted a communist system but recently it turns into the Market System which depends on competition so the legislative body should prepare new laws to direct the Iraqi markets positively,” he added.

MP Reysan stressed that “Iraq enjoys high level oil economic system since its production of oil reached three million barrels per day on last July, but now it should pay more attention to agriculture and infrastructure represented by industries in order to increase its economic capacities.”