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[size=36]A legal expert reviews the benefits of Iraq's exit from Chapter VII[/size]
political| 12:41 - 23/02/2022
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Baghdad - Mawazine News
, the legal expert, Haider Al-Sufi, detailed, on Wednesday, the benefits of Iraq's exit from the seventh item list after it had paid all the financial dues to Kuwait.
Al-Sufi said in an interview with "Mawazine News", that "with Iraq's exit from Chapter VII, there will be global economic credit for economic companies, which were afraid of losing before Iraq left this item."
He explained, "In the past, Iraq had a high credit score before the economic sanctions were imposed on it, but now its credit strength has been restored as one of the first leaders in oil-exporting countries, in addition to its high reserves of hard currency, which gave a guarantee and protection for Iraq's money, and major companies can build their projects." and invest in it.”
He continued, "Our economic dealings will change now after countries and insurance companies imposed high insurance fees on their ships and planes that enter Iraqi airspace or waters, but now the insurance tariff will be significantly reduced."
He pointed out that "the economic boycott of Iraq will disappear after Iraq was suffering from an economic boycott of the countries due to the sanctions imposed on it, and soft loans will be provided with low interest rates for the establishment of important service projects and others."
And Foreign Minister Fouad Hussein announced, earlier today, Wednesday, that Iraq had exited from Chapter VII procedures. Ended 29/N33
, the legal expert, Haider Al-Sufi, detailed, on Wednesday, the benefits of Iraq's exit from the seventh item list after it had paid all the financial dues to Kuwait.
Al-Sufi said in an interview with "Mawazine News", that "with Iraq's exit from Chapter VII, there will be global economic credit for economic companies, which were afraid of losing before Iraq left this item."
He explained, "In the past, Iraq had a high credit score before the economic sanctions were imposed on it, but now its credit strength has been restored as one of the first leaders in oil-exporting countries, in addition to its high reserves of hard currency, which gave a guarantee and protection for Iraq's money, and major companies can build their projects." and invest in it.”
He continued, "Our economic dealings will change now after countries and insurance companies imposed high insurance fees on their ships and planes that enter Iraqi airspace or waters, but now the insurance tariff will be significantly reduced."
He pointed out that "the economic boycott of Iraq will disappear after Iraq was suffering from an economic boycott of the countries due to the sanctions imposed on it, and soft loans will be provided with low interest rates for the establishment of important service projects and others."
And Foreign Minister Fouad Hussein announced, earlier today, Wednesday, that Iraq had exited from Chapter VII procedures. Ended 29/N33
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