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

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Rocky


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





2017/12/09 12:32

(Encyclopedia of this Day News | Iraq News ) - Economy

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


Baghdad - 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.


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Rocky


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After a series of diplomatic successes .. Foreign announces Iraq out of Chapter VII


The political scene Saturday, December 09 2017 at 10:15 am (123 views)
After a series of diplomatic successes .. Foreign announces Iraq out of Chapter VII


Baghdad / Sky Press:

The Iraqi Foreign Ministry announced on Saturday that the Security Council issued a decision to leave Iraq from Chapter VII, indicating that this came after a series of diplomatic successes.

"After a series of diplomatic successes achieved by the Iraqi Foreign Ministry, its efforts culminated in the issuance of a UN Security Council resolution to remove Iraq from Chapter VII in the oil-for-food program and restore it to its natural status and international standing," ministry spokesman Ahmad Mahjoub said in a statement read by Sky Press. .

"This came after Iraq completed all the commitments of the program," Mahjoub said.

The following is the text of the Security Council resolution:

(In continuation of the efforts of the Ministry of Foreign Affairs of the Republic of Iraq to end the files of Iraq in the Security Council inherited from the era of the former regime and issued pursuant to Chapter VII of the Charter of the United Nations, this ministry, through our representative in New York, to consult with the United States and other Member States For the adoption of resolution 2390 (2017) adopted unanimously by the Security Council on 8 December 2017, in which the Security Council concluded that the parties (Iraq and the United Nations) have fully implemented the measures imposed by Chapter VII under resolutions 1958 (2010) 2335 (2016) The new RAR is an important step in the restoration of Iraq's natural status and international standing, which confirms the end of Iraq's obligations under Chapter VII on the oil-for-food program after it was implemented in full)




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