Iraq is ready to open a "flexible dialogue" with the United States to facilitate foreign investment

Author: ZJ
Editor: BK
11/18/2016 16:33



Long-Presse / Baghdad

Counting financial advisor to the prime minister, Haidar al-Abbadi, Friday, to invite America to Iraq for "create real investment opportunities" and change the contract formula "positive and are subject to consultation", while counting that Americans are "sensitive" about investor protection, he stressed Iraq's willingness to open " flexible dialogue "to facilitate foreign investment, especially with the United States, because it serves the march of progress and development in the country.

He said the appearance of Mohammed Saleh, in an interview to the (long-Presse), "The invitation of the US Department of Commerce to create real investment opportunities and change contracts formula, positive and are subject to consultation, particularly the United States held through its embassy in Baghdad, a seminar last week on ways of infrastructure financing in Iraq".

Saleh added that "financing techniques have become different since it depends on the participation and the construction, operation and transfer of ownership," adding that "the seminar witnessed raise the issue of government contracts where Pena to the Ministry of Planning is the charge that it has a higher committee in this regard."

He explained adviser Abadi, that "Iraq has signed the most international agreements to protect foreign investors, particularly in the areas of arbitration, because we are still in this case the middle of the road", he returned that "the Americans are sensitive to this issue."

Saleh said that "arbitration cases means of conflict resolution with the executing companies, when a legal dispute with the company executing happens there will be an international point of arbitration," pointing out that "Americans prefer international arbitration bodies, and Iraq, for his part flexible as to protect its interests and foreign companies."

He continued financial advisor to the prime minister, that "the Americans did not enter a lot of investments in Iraq with no Thssna toward it," asserting that "the investment with the United States is vital and important for the post-Daesh."

Saleh explained that "Iraq shows high degree of flexibility to open a dialogue in order to facilitate foreign investment on special assignment with the United States, because it serves the march of progress and development in the country."

He urged the US Department of Commerce (the 16th of November 2016), Iraq to create a "real opportunities" can be funded by investors, and change the existing formulas for decades and provide greater facilities for business, and while I went back to tourism investment is "best suited" to Basra, called provinces South to set up projects suited to their needs and "not reproducing" those that implement other governorates.

The legal adviser of the US Department of Commerce, Mays Abbas Alabbosi, announced in (the twentieth of October 2015 the past), all seeking to activate twinning signed the Convention in 2012, between the cities of Houston and American Basra, to take advantage of the first experience in the oil industry development, especially that Basra can be a center of the oil industry in the Middle East.

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