» Home » Business News Iraq Directory Services Plans Subscription Contact us Site Map Help About Iraq STUDY TO FINANCE PRIVATE SECTOR Baghdad, As-Sabah, The ministry of industry and minerals has started a study for financing the private sector through the long-term loans against an interest % 2 besides including them in the exemption for 5-10 years that includes the old and modern projects under reconstruction.In a meeting prepared by the ministry for the textile companies, Mr. Taha Ismaeel the supervisor on the projects at the ministry of minerals said that this sector should be included in special care in order to be prepared correctly to have an important role in the Iraqi economy.Notably, the ministry of minerals held series of intensive meetings with the industrial sector both the private and mixed ones, to specify the obstacles facing both sectors and finding means of activating these sectors in field of production and competition. Mr. Ismaeel confirmed that the ministry is discussing methods necessary for reviving the economy through putting custom policy for the imported commodities , imposing taxes, making available the raw materials in suitable prizes and submitting the national commodities to the inspection by special committees in addition to the committees of quality and standardization control organization. Iraq Business News Service © 2002-2004 Iraq Directory - All Rights Reserved