Deputy Prime Minister and Foreign Minister Fuad Hussein Chairs the 22nd Session of Ministerial Council for Economy 2025

Baghdad – July 14, 2025. Deputy Prime Minister and Foreign Minister Mr. Fuad Hussein chaired the 22nd session of the Ministerial Council for Economy, which was held at the Council’s headquarters. The meeting was attended by the Deputy Prime Minister and Minister of Planning, as well as the Ministers of Finance, Trade, Agriculture, Industry, and Labor and Social Affairs, in addition to the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the Chairman of the Securities Commission, the Deputy Chairman of the National Investment Commission, and the Economic Advisor to the Prime Minister.

During the session, the Council reviewed the recommendations of the committee on establishing a gold industry project and decided to refer the matter to the National Investment Commission in order to include the project within the framework of the forthcoming Integrated Economic City.

The Council also approved the submission of the following recommendations to the Council of Ministers:

• The dismantling and destruction of vehicles belonging to diplomatic missions operating in Iraq, without imposing any fees or taxes on these missions or international organizations, in accordance with Article 156 of the effective Customs Law and the Vienna Convention of 1961, these vehicles are to be handed over to the Ministry of Industry and Minerals.

• The dismantling and destruction of vehicles belonging to foreign companies officially registered in Iraq, while obligating them to cover all associated fees, taxes, and costs related to inspection, transportation, loading, dismantling, and handing them over to the Ministry of Industry and Minerals.

Additionally, the Council decided to oblige all ministries and governmental bodies to provide the Ministry of Labor and Social Affairs with the names of company owners, drivers, and contractors responsible for transporting their employees, to ensure their registration with the Department of Labor and Social Security. It also approved the formation of a committee chaired by the Ministry of Labor and Social Affairs and including representatives from the Ministries of Trade, Industry and Minerals, and Transport, to study a proposed project for transporting government employees, alongside the employment loan initiative targeting the unemployed.

The Council also approved an increase in the financial reserve allocated for the implementation, maintenance, provision, and operation of stormwater drainage and wastewater networks, including pumping and treatment stations, in the Al Jisr subdistrict in Baghdad.