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Impediments To Investments In Iraq
10/26/2011

The vice president of the national business council in Iraq Karim al-Shamri underscored three factors that impede investments in Iraq:: the absence of "a single window" system or platform [a single window system is a single point of contact to reduce the time and efforts involved in various clearances of a proposed investment]; the absence of a comprehensive investment roadmap; and the severe government control and bureaucracy on all matters relating to the economy.

[Editor's comment: Often, strict government regulations encourage the seeking of illicit payments throughout the processing of an investment activity.]

Source: alsabah.com , October 26, 2011

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