Economists: New York Agreement for investment will bring foreign investment to Iraq

Posted by on Oct 27, 2013 | Leave a Comment

10-07-2013 10:32 AM

Baghdad (newsletter). The Economist hailed Abbas an overwhelming majority, with discussions about Iraq’s accession to the New York Convention to encourage investment, it will work on the development of the economy.

He said an overwhelming majority (News Agency): the Iraqi economy semi disabled and one-sided because of security and political implications, it needs many investment agreements to development.

He added that the New York Convention and other conventions which promote investment in Iraq to Iraqi economy, because almost all sectors are disabled and require an active investment for their development through opening up to all investors.

He said: the success of the talks on the New York Convention will reflect positively on construction and services and the development of local production of the country, stressing that the political and security fallout of Iraq made him a lot of obstacles that prevented the advancement of ethnic economy.

NYC air encourages investment of its Member States being represented on the arbitration between investment firms and the State if disagreement between the parties.

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