Iraq joined the Convention on the transparency between investors and states

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History of edits:: 2017/2/15 20:10

{Baghdad: Euphrates News} National Investment Commission announced on Wednesday it had signed an agreement on transparency in the arbitration treaty-based investor-State in 2014 at the United Nations headquarters in New York.

The authority said in a statement the agency {Euphrates News} received a copy of it today that its president, Sami Raouf Al-Araji was signed, a representative of the Republic of Iraq on Monday to the Convention, where Iraq is the second Arab country to accede to the Convention, which was preceded by her eighteen countries in the world.

The statement quoted al-Araji, was quoted as saying, "This agreement is an important message and clear to the world that Iraq is a major hub in the Middle East for investment and reconstruction and construction," noting that "this agreement adopted by the United Nations to save the rights transparently in the event of a conflict between investors and states."

He said that "Iraq has issued a number of regulations that protect the investor and capital that want to operate in the country, particularly the Investment Law No. 13 of 2006, as amended, which carries a lot of features and protection for investors, as well as important international and bilateral agreements signed by Iraq and a number of countries." .is over