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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Government agrees to ratify the agreement between Iraq and Kuwait

    Rocky
    Rocky
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    Government agrees to ratify the agreement between Iraq and Kuwait Empty Government agrees to ratify the agreement between Iraq and Kuwait

    Post by Rocky Tue 04 Mar 2014, 10:13 am

    Government agrees to ratify the agreement between Iraq and Kuwait







    BAGHDAD / obelisk: Council of Ministers decided, on Tuesday, approved a draft law on ratification of an agreement between the Government of the Republic of Iraq and the Government of the State of Kuwait.

    The council said in a press statement received "obelisk" a copy of which, "The Council of Ministers decided in its regular, today, approved a draft law on ratification of an agreement between the Government of the Republic of Iraq and the Government of the State of Kuwait for the encouragement and reciprocal protection of investments, signed on 16.12.2013 , and referred to the House of Representatives, according to the provisions of Articles (61 / item first) and (80 / item II) of the Constitution. "

    The Council added that "The approval comes the sake of the Iraqi government on the ratification of the Convention and its Protocol, to encourage investment and provide protection contractual her between the two countries through the creation of better conditions for investments and investors from both countries, and to be a catalyst to push the initiatives of individual investment forward and increase the prosperity of both peoples."

    He pointed out that "the subject had already been presented to the Council of Ministers' decisions (31) held on July 21, 2008 and issued a decision of the Council No. (268) for the year 2008, containing the delegation and Minister of Industry and Minerals authority to sign the draft agreement, assigning the State Council audit and review of the draft Convention and preparation The draft law on ratification of it, where the agreement was signed in Baghdad on December 4, 2010 during the visit of Minister of Foreign Affairs of Federal Republic of Germany to Iraq. "

    He explained that "the Convention and its Protocol has a provision on the protection of investments and revenue and lack of confiscation or nationalization of those investments, either directly or indirectly, or make them vulnerable to the actions reward in its implications the process of expropriation or nationalization by the Contracting States, and may not impede or disrupt the management process maintenance or use or enjoyment of investments investors other Contracting State or dispose of them in their territories through arbitrary or discriminatory, as well as not permissible for them to subject investments or investors of the other Contracting State for the treatment of less differentiated than that accorded to investments or investors or local investments or investors of a third country " .

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