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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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    Details of the investment promotion agreement between Iraq and Japan

    Hkp1
    Hkp1
    Hkp1
    Interacting Investor
    Interacting Investor


    Posts : 3118
    Join date : 2012-12-19
    • Post n°1

    Details of the investment promotion agreement between Iraq and Japan Empty Details of the investment promotion agreement between Iraq and Japan

    Post by Hkp1 Wed 30 Jan 2013, 11:44 am

    Details of the investment promotion agreement between Iraq and Japan


    2013-01-30


    Baghdad/JD/... The Iraqi Government announced details of the investment promotion agreement between Iraq and Japan, noting it includes the protection of investors and investment revenues and not confiscation or nationalization, and shall not hinder or disrupt the process management or maintenance.

    He said a Government statement received/JD/copy: to approve the Bill, came out of the Iraqi Government to promote economic relations and enhance economic cooperation with Japan, its possibilities and recent technological advances, through encouraging and protecting investments and creating appropriate conditions for their development and expansion so as to promote prosperity in both countries. "

    And he added: "national investment Commission has requested in last November the Cabinet approval of the draft law, submitted by the State Council in the twenty-fifth of December last check and inform the Minister of justice. it has already been introduced to the Council of Ministers ' meeting held on 11 October 2011.

    The Council resolution No./373/2011 containing the head of national investment Commission authority to negotiate and sign the draft agreement signed on 7 June.

    He recalled that the Convention provided for the protection of investors and investment revenues and not confiscated or nationalized such investments either directly or indirectly, or make them subject to procedures equivalent in practical implications of confiscation or nationalization by the Contracting States.

    The statement said the Convention also stipulates that no one shall block or disable the management, maintenance, or use or enjoyment of the investments of investors of the other Contracting State, or to act in its territory by arbitrary or discriminatory measures and may not subject the investments or investors of the other Contracting State for the differential treatment less than for investment or for local investors or investments or investors of a third country ".

    He said the Convention undertake to ensure the transfer of funds of the other Contracting State investment unconditionally, especially regarding amounts and additional durability, increased investment and revenues and repayment of loans, as well as financial return resulting from the liquidation or sale of all or part of the investment, the Convention would take effect regardless of the size of the diplomatic representation or presence or absence of diplomatic or consular relations between the two countries. "

    The Convention will enter into force 30 days after the date of the exchange of official diplomatic notes supporting the parties ' authentication by diplomatic means, in accordance with the established constitutional procedures in both countries.

    This agreement will remain valid for a period of 10 years, and remains in force unless one of the Contracting Parties to terminate it within a period not exceeding one year before the end of the "./finished/22


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