Iraq to Open Most of Economy to Investors

World | September 21, 2003, Sunday // 00:00

Iraq 's leadership council announced it would open all sectors of its economy except oil to private investment, hoping to rebuild an economy mismanaged under Saddam Hussein's rule and battered by international sanctions and war. The wide-ranging reforms, undoing years of rigid control of the economy imposed by Saddam's one-party rule, will permit the sell-off of Iraq's numerous state-owned companies to foreigners and introduce new taxes.

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