Iraq joins the Convention on transparency between investors and the States

2017/2/15 20:10


{Baghdad: Euphrates news}

NIC announced Wednesday, it signed the Convention on transparency in conventional arbitration between the investors and the 2014 States at United Nations Headquarters in New York.

The Commission said in a statement received {Euphrates news} copy today that her boss Sami Raouf Al-araji, representative of the Republic of Iraq last Monday at the Convention, where Iraq is second Arabic state accedes to this Convention that preceded it 18 country in the world.

The statement quoted relatives as saying that "this agreement is a clear and important message to the world that Iraq is a major centre in the middle ages and construction investment", stating that "this Convention United Nations rights with transparency in the event of a conflict between investors and States".

"Iraq has issued a number of legislation that works to protect the investor and capital to do business in the country, at the forefront of investment law number 13 year 2006 and amendments which carries a lot of features and protection for investors, as well as important bilateral and international conventions signed by Iraq and the number of States".

**** Brought into FB late last night. Thanks Andrew ****


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