The Ministerial Council: Stopping the listing of new investment projects

INA - BAGHDAD

The Ministerial Council for the Economy recommended on Monday to stop listing new investment projects except for the necessary ones, with the approval of the Council of Ministers and the support of the Ministry of Planning and Finance with the availability of financial allocation.

Deputy PM, Minister of Foreign Affairs, Chairman of the Ministerial Council for the Economy, Fuad Hussein, chaired the third session of 2025 of the Ministerial Council for the Economy, which was held in the council building, in the presence of the Deputy Prime Minister, Minister of Planning, the Ministers of Finance, Industry, Labor and Social Affairs, the Governor of the Central Bank of Iraq, the Chairman of the Securities Commission, the Deputy Chairman of the National Investment Commission, and the PM's advisors for economic and legal affairs, said the media office of the council in a statement - received by the Iraqi News Agency - INA. 

The council discussed the agenda and took the necessary decisions regarding them, as the council hosted the Minister of Industry and Trade, the Director General of Industrial Development, and the Director General of the Trademark Registration Department in the Kurdistan Regional Government and in the federal government as well, discussing mechanisms for unifying the registration of trademarks and factories throughout Iraq.

"The council listened to the obstacles facing the issue of unifying registration presented by those concerned from both parties by holding joint meetings, in order to determine the mechanisms that will be worked on to unify the procedures for issuing trademarks and factory licenses, in a way that serves this important economic segment, provided that the committee completes its work within 15 days and submits its report to the council for approval," added the statement.

The council also discussed the draft recommendations submitted by some members of the council to evaluate the financial and economic situation in light of the economic and political challenges witnessed at the local, regional and international levels.

The statement concluded that "the council sent its recommendation to the Council of Ministers regarding new investment projects to stop listing those projects except for the necessary ones, with the approval of the Council of Ministers and the endorsement of the Ministry of Planning and Finance with the availability of financial allocations before entering into any financial obligations."