Mehma Khalil: need to use international organizations and developed countries in the investment Amendment Act
Baghdad (newsletter). Confirmed the decision of the Commission on economy and investment Deputy/Kurdistan blocs Coalition/mehma Khalil, the importance of the use of international organizations and developed countries industrial and investment worldwide in amending the Investment Act No. 13 of 2006.
He said Khalil (News Agency): the revised investment law No. (13) of the year (2006) contains a large legal gaps discourages investment, particularly with regard to the expropriation of land and how to deal with the relevant government institutions.
He added: the Iraqi investment environment is one of the most fertile environments in the area but completely untapped due to the wrong policies and incorrect, although investors ‘ rights reserved for that Iraq became a permanent member of the world Organization of MICA rights investment.
Explained: the investment law need amendments to certain paragraphs, you can use the universal international organizations and some developed countries in the area of investment to modify the law in accordance with the requirements of investors to support the investment process and take advantage of economic opportunities