With the end of the stage the international trusteeship assurances on the comprehensive development after the enjoyment of the full sovereignty of Iraq economic

29/06/2013 12:00 AM

BAGHDAD - Hussein Tamimi ثغب - Mustafa al-Hashemi


After local and international consensus on Iraq exceeded the provisions of Chapter VII and entered the international incubator, and its impact on economic development and became the world enjoys the confidence and freedom of control over his money.

 Expressed by many experts are optimistic reflection on the Iraqi economy is positive, he said the President of the International Economic Developmental Ali Hilfi (morning) that the next phase will witness the revival of the Iraqi economy by opening up to the outside world, pointing out that witnessed the corridors of the UN تهان accepted Iraqi delegation from most of the delegations of the year, if not all shows how important the resolution on Iraq's relations with various countries of the world.


Iraqi yard work

He pointed out that all member states of the Organization of the United Nations recognizes the importance of Iraq on the global economy and there has operating companies in the country and the other is looking to enter the arena of Iraq, especially after he became Iraq's state does not threaten international peace and is seen as a friend of the peoples of the world turned the page a bitter struggle with the remnants of the former regime had exhausted by Iraq politically and economically.



The UN Security Council voted unanimously, on Thursday evening last day on June 27 being on the exit of Iraq from Chapter VII, and to refer the issues related to Chapter VI, the Council decided to end the measures provided for in some paragraphs of UN resolutions 686 and 687 adopted by the Council in 1991 after Iraq's invasion of Kuwait.

Reconstruction of infrastructure

For its part, the researcher said Suhad economic virgins: The liberation of Iraq from its international obligations would make him focused on the reconstruction of infrastructure and the establishment of projects that will absorb and reduce the rampant unemployment rate among young people.

She told the (morning): The departure from Iraq of Chapter VII will make it an oasis vocals of strategic projects, which is in dire need them, as well as it will see the commercial activity unrivaled due to the influx of foreign companies to him after the restriction Chapter VII prevent them from entering the power to exercise various economic activities.



Incubator is ideal for investments

And confirmed that it would be a country with a potential powerful few years after the actual direct reconstruction, and expected virgins that if the speed of reform of economic laws currently in force, Iraq will be one of the best economies in the world because it has the elements of an excellent qualify him to be the incubator ideal for foreign investment.

She pointed out the need to maintain this done incarnation projects on the ground through to speed up the reform of laws and dismantling cross and interlaced including including allowing investors and foreign companies to the implementation of their projects Almtovqh or deferred because of these overlaps and intersections between the laws of economics.

Events sustainable development


To that stressed economic expert Hadi هنداس that the country is now kiss real corporate global investment competing for access to Iraq, which is one of the largest markets in the world, noting that the country has become able to events of sustainable development, economic, social and health in all areas of life. And the return of the country to the international community incubator after more than two decades is a positive gives the country the ability to economic advancement after it has met all its international obligations and this opens up wider horizons in economic transactions.

He pointed out that Khurj from the provisions of Chapter VII will bring huge gains international enables full control over the economic sovereignty and that is freedom of trade and move the money to import goods without the need for the international mediator as it gets during the last period.

He pointed out that override the provisions of Chapter VII lead the country toward greater freedom in dealing with its assets frozen in international banks and removes him all restrictions that determine advancement and economic development.



New responsibilities

The echoes of newspapers around the world was coming out of the provisions of Chapter VII puts Iraq in front of new challenges and responsibilities, most notably the protection of his assets abroad of lawsuits, especially those affected by the regime of Saddam Hussein's invasion of Kuwait in 1990.

While Foreign Minister Hoshyar Zebari, a statement to Al-Iraqiya that Iraq was checked Balastairadat task in public and economic life, and it was he can not import devices and equipment necessary for the work of laboratories and joints of production, etc., indicating that control our money and our property and build our defense capabilities and buy weapons and maintain the rule of the country this was one of the contraband on Iraq, the country is on the verge of the largest position in the eyes of the world and will give us more credibility in front of the international community.

The return of international companies

Director of the department of foreign companies in the Ministry of Commerce Huda Ali confirmed that since it began indicated exit Iraq from Chapter VII and directed the United Nations by announcing his release from the provisions of Chapter VII began a number of large foreign companies (which projects were implemented strategy giant previously in Iraq) to come and install their feet again and strive to get big contracts with the government for the implementation of infrastructure projects, after it was the consequences of Chapter VII prevent it only by international mediators.

Iraq is the arena promising for foreign investment at the moment, in spite of all the circumstances surrounding it, but he and since 2003 began major countries to send its giant to Iraq to work on reconstruction projects and the advancement of the infrastructure destroyed by wars and misguided policies that put him under the tutelage of the United Nations and تكبيله restrictions Iraq was indispensable to access them and submit to international sanctions have hurt its economy very much for many years.

The growing activity of air

Although the political and economic conditions were not stable in the country for decades, but the signs of hope renaissance economic looming and foremost was after the change and the beginning of the entry of foreign companies and the growing prepared registered in the Ministry of Commerce, which is hoped to double after the departure of Iraq's proven Chapter VII in addition to the growing air activity and re airlines offices, including Arab and foreign to work in the country.

Where 2003 saw record 6 foreign companies - as reported by the Department of Company Registration Department at the Ministry of foreign trade - despite the fact that the general atmosphere and the situation at that time was not stable at all and did not help the advent of companies and until reconstruction direct.

However, despite that, this is a point in favor of Iraq recorded him, despite the conditions of unstable, it is a country attractive for investment and fertile ground for the establishment of giant projects in which he also represents a golden opportunity for foreign companies, is likely she is suffering from economic crises, which seeks to compensate through contracts to implement projects major in Iraq.

Doubled the number of companies

And the number of foreign companies registered in the year 2004 two hundred companies have been recorded in the same circle and after the relative stability experienced by that year. They pointed out that many of the airlines, Arab and foreign, reopened its offices in Baghdad after being registered in our circle, noting that he is certain the number will double after that came out of Iraq from Chapter VII of the Charter of United المتاحدة and move to Chapter VI.

Reported that the number of companies that have been recorded during the year 2012 amounted to 457 foreign companies a variety of disciplines, including oil companies and other Contracting and reconstruction of infrastructure and electricity, noting that the record companies until the middle of this year amounted to 162 and it is hoped to increase its presence in Iraq after the United Nations announced that Iraq no longer poses a threat to international peace and security.

Has the international trusteeship

MP Mansour al-Tamimi said in a press statement: It is important today that Iraq out of Chapter VII and the government should invest so heavily even plays Iraq role of regional and international dramatically in favor of his people, and ended with this international trusteeship on Iraq, which had been imposed during the era of the dictatorial regime dictatorial, especially after the invasion of Kuwait.

He said this day would be a history of a landmark in the relationship between Iraq and the international community and indicates that the decisions of Chapter VII became part of the past and that this date would be a qualitative development in the relationship between Iraq and Kuwait and all the negative aspects of the relationship between them has become one of the past because we will focus on the present and the future of our relationship with him .


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