Specialist: Iraq’s exit from Chapter VII paving the way for a safe area for business and investment

Specialist: Iraq’s exit from Chapter VII paving the way for a safe area for business and investment

2017-12-09 at 12:06 (Baghdad time)

Specialist - Iraqs exit from Chapter VII paving the way for a safe area for business and investmentBaghdad – Mawazine News
The expert on economic affairs, Dergam Mohammed Ali, Saturday, the exit of Iraq from Chapter VII is the most prominent economic event for the current year, indicating that it will pave the way for a safe area for business and investment.
“Iraq’s exit from Chapter VII represents an international recognition of the achievement it has achieved for all its financial requirements,” Ali said in an interview with Mawazin News. “He is qualified to keep his money abroad and his investments and real estate and banking assets from pursuing any side related to the economic sanctions that lasted for more than 27 years old. ”
He added that Iraq has entered a completely new phase with the issuance of this UN resolution is to obtain full eligibility to obtain a sovereign credit rating and open foreign accounts directly on behalf of the Iraqi government and in the name of its banks and not through intermediaries, as was being done to get rid of the prosecution of money.
“This decision will raise the importance of Iraq as a safe area for business and investment and being a legally sound country in the performance of its sovereign obligations, which encourages the industry of the international working environment in the country.”
The Iraqi Foreign Ministry announced on Saturday morning the issuance of the Security Council decision to exit Iraq from Chapter VII, indicating that this came after a series of diplomatic successes.

mawazin.net