Iraq to open to foreign investors

[dArKeR]

Baghdad to allow 100 percent foreign ownership except oil

Iraq’s interim government said Sunday it will open all sectors of its economy except oil to foreign investors in an attempt to quickly rebuild markets battered by war, sanctions and mismanagement.

THE REFORMS will also allow foreign banks to enter Iraq, marking a sharp departure from the tight economic controls under Saddam Hussein’s one-party rule.
       “The reforms will significantly advance efforts to build a free and open market economy in Iraq,” Iraqi Finance Minister Kamil Mubdir al-Gailani said in a statement from Dubai, where he is attending an international financial conference.
       He pledged that Baghdad would “allow up to 100 percent foreign ownership in all sectors except natural resources.”
       U.S. Treasury Secretary John Snow applauded the blueprint for a new Iraq economy as “policies that make sense ... that offer real promise” but cautioned that security in a nation still facing daily violence would be a prerequisite for any substantial economic recovery.

http://msnbc.com/news/951994.asp?0cv=CA00

Just amazing! A Bush Crime Family Puppet Regime who represents nothing of a Democratic Gov. annouces the sell off of Iraq. I'm sure this is going to make Iraqis feel we're there to liberate them.

Who's running the White House????????????

[TahitiNut]

1. dupe

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=125310&mesg_id=125310