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Economic: investment law ready to vote and will achieve a breakthrough in the Iraqi economy
[You must be registered and logged in to see this image.]Member of the House of representatives for the State of law Coalition Jawad Bolani
[ltr] 2015/10/25 14:46
[/ltr]
Tomorrow/Baghdad
The head of the Parliamentary Commission on the economy and investment, Jawad Al-Bolani on Sunday, completing the investment Bill and all the notes in the relevant committees, noting that he had not only voted for approval, returned the law will achieve an important breakthrough in the Iraqi economy.
Al-Bolani said "tomorrow", "the law 17 article, voted on five articles, and stayed 12 article," notes the economic and Financial Committee and completed legal. "
Bolani promised that "the essence and substance of law achieves an important breakthrough and better conditions for real investor, deprived auctioneers and speculators in the investment projects of the work", pointing out that "single-window support, project and policy development through sectoral Councils, financial management, and a strong private sector, focusing on the development in the sector of investment in agriculture and industry."
Bolani noted that "international arbitration under investment is very important to put part of the dispute when the investor gets an investment license from the national body, it has choice of dispute between him and the body", stressing that "caliber enters the international standard in this area, in particular the international arbitration centres that take into account the laws and legislation to be a country of opportunities for attracting foreign capital."
He added that "the law obligates all investors complete 25% of the project to benefit from loans granted by the banks under its laws".
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