Economists: out of Iraq from Chapter VII will bring foreign investment and is the country's frozen funds
30-06-2013 | (Voice of Iraq) - Add a comment -
Baghdad (news) report: Hussein Faleh
After the vote the UN Security Council voted unanimously to exit Iraq from Chapter VII, which imposed a year ago (1990), especially after Iraq's occupation of Kuwait, which provided for the adoption of economic sanctions stranglehold on the country, Iraq has sovereignty full national and liberation of all economic restrictions, which has become a stumbling block before the advent of international companies to invest in the country.
The confirmed number of deputies and economic experts that Iraq would emerge from the provisions of Chapter VII internationalist bring international companies sober-owned and developed countries to Iraq for the purpose of work and investment, which has been facing many difficulties prevent them from coming into the country by the UN resolution.
They explained their talk (of the Agency news) to remove Iraq from Chapter VII of money refunded frozen Iraqi funds in foreign banks, as well as in the Development Fund for Iraq to the country, gives him the freedom to dispose of them.
A member of the Finance Committee and the Secretary-General of the People's Movement Attorney Ali Alsjeri, stressed: that Iraq would emerge from the provisions of Chapter VII of the Charter of the United Nations will have significant economic benefits for the country.
And said Alsjeri (of the Agency news): This item behind the great economic damage, where pay international companies in various fields of work away from Iraq after being largely financial system and the impact on Iraq's sovereignty in general.
He added: remove Iraq from Chapter VII to VI سينقله the Rehab development by allowing the world's largest construction companies for reconstruction and therefore Iraq will return to the international community incubator after a break that lasted more than 23 years.
He pointed out: that the positive effects of which will be reflected directly on the State-owned banks that were forced to resort to secondary agents in order to sustain its foreign relations, which would have cost extra money and expressed the hope that this will contribute to the achievement of developmental renaissance in Iraq.
The Iraqi government announced that Iraq would emerge from Chapter VII of the Charter of the United Nations represents the last external obstacle in front of him to regain full sovereignty remains to deal with internal challenges.
It is noteworthy that Iraq would emerge from Chapter VII would make him able to manage his money without international trusteeship would also allow him to return to normal in the international community in terms of processing, especially health equipment and manufacturing, especially military weapons, light, medium and heavy-duty, except banned internationally.
For his part, said the decision of the Commission on the economy and investment MP / coalition of Kurdish blocs / Khalil Mahma, that the end of the provisions of Chapter VII, will enable Iraq to recover its funds frozen, and end the tax paid by the people, by the practices of the former regime.
He said (of the Agency news): that Iraq has met all its obligations towards Kuwait, which makes it imperative for the international community to fulfill its obligations towards Iraq and the lifting of prosecutions on frozen Iraqi funds abroad.
He added: The people and the Iraqi government has tolerated a lot in order to remove Iraq from Chapter VII and the time now, conveniently out of this limitation, which hurt many citizens, stressing that Iraq would emerge from this decision will prompt global companies owned by the developed countries to come to Iraq for the purpose of investment.
As an economist Adnan al-Kanani, said: that out of the provisions of Chapter VII requires urgent pause on the financial sector, particularly the banking sector, which will be faster beneficiaries from entering the global financial market and wider doors.
He said (of the Agency news) to: the importance of exploiting the opportunity and develop sector Bashklah the government and private sectors through partnerships and the formation of relationships with leading global banks known.
He added: it was time for the banks to develop their systems and electronic instructions and method of work and foremost a way of thinking and management as well as the expansion of its branch network both inside and outside Iraq, especially in the countries that we have with the trade as strong as Turkey, China, Saudi Arabia, South Korea, Iran, Russia and others, where does not have Iraqi banks there E., with no legal barriers, nor political, nor economic sanctions after today prevent us from communicating with the world.
Since the nineties groaning Iraq under the weight of sanctions, since the international embargo that resulted from the United Nations Resolution 661, which was issued on August 6, 1990 due to the Iraqi invasion of Kuwait, and provided for the adoption of economic sanctions stranglehold on Iraq to force his time on the immediate withdrawal from Kuwait. This decision was followed by almost ten successive resolutions, warning him of the consequences of his stay in Kuwait and the defiance of the international community.
And suffered Iraqis two of these sanctions, which deprived them of food and medicine, as well as all means of progress and technology that reached the world in the era of the nineties of the last century, which led to the deaths of a million and a half million children as a result of hunger and lack of medicine acute and their lack of the most basic means of life.
This siege lasted nearly 13 years where practically ended with the fall of the Baath regime in 2003, Iraq had suffered from severe isolation from most countries in the world politically, diplomatically and economically, but Iraq remained suffers from the effects of hindsight under Chapter VII of the Charter internationalist. And compared to the suffering of the Iraqi sanctions made Saddam Hussein, one of the richest ten richest in the world.
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