Government agrees to ratify the agreement between Iraq and Kuwait
BAGHDAD / obelisk:Council of Ministers decided, on Tuesday, approved a draft law on ratification of an agreement between the Government of the Republic of Iraq and the Government of the State of Kuwait.
The council said in a press statement received "obelisk" a copy of which, "The Council of Ministers decided in its regular, today, approved a draft law on ratification of an agreement between the Government of the Republic of Iraq and the Government of the State of Kuwait for the encouragement and reciprocal protection of investments, signed on 16.12.2013 , and referred to the House of Representatives, according to the provisions of Articles (61 / item first) and (80 / item II) of the Constitution. "
The Council added that "The approval comes the sake of the Iraqi government on the ratification of the Convention and its Protocol, to encourage investment and provide protection contractual her between the two countries through the creation of better conditions for investments and investors from both countries, and to be a catalyst to push the initiatives of individual investment forward and increase the prosperity of both peoples."
He pointed out that "the subject had already been presented to the Council of Ministers' decisions (31) held on July 21, 2008 and issued a decision of the Council No. (268) for the year 2008, containing the delegation and Minister of Industry and Minerals authority to sign the draft agreement, assigning the State Council audit and review of the draft Convention and preparation The draft law on ratification of it, where the agreement was signed in Baghdad on December 4, 2010 during the visit of Minister of Foreign Affairs of Federal Republic of Germany to Iraq. "
He explained that "the Convention and its Protocol has a provision on the protection of investments and revenue and lack of confiscation or nationalization of those investments, either directly or indirectly, or make them vulnerable to the actions reward in its implications the process of expropriation or nationalization by the Contracting States, and may not impede or disrupt the management process maintenance or use or enjoyment of investments investors other Contracting State or dispose of them in their territories through arbitrary or discriminatory, as well as not permissible for them to subject investments or investors of the other Contracting State for the treatment of less differentiated than that accorded to investments or investors or local investments or investors of a third country " .
Subject: Frank26 we are dangerously close to seeing the rate of the IQD go up in value Today at 3:21 pm
3-4-2014 Intel Guru Frank26 [via Anonymous] “in his opinion” we are “dangerously close” to seeing the rate of the IQD go up in value! ...if all goes as evidence points, to article 8 compliance and approval from the IMF in the article 7 review this month, it looks like this is coming to an end. Russia and Ukraine is a separate issue and will NOT affect the RV...all we want is to see the bonds and the rate.
There are lots of meetings and lots of travel between Iraq and the US this week…Would they waste precious time and travel to talk about nothing of significance? ...they are talking about moving IQD to other banks and other countries, and that requires a new rate. Meetings to conclude at the end of this week, and we hope Iraq is to be congratulated on their compliance to article 8, and they are prepared for the IMF article review sometime between Mar.14th-17th!
Posted by John MacHaffie at 4:12 PM