Tuesday 30 December 2014 15: 57
The Cabinetdecided on Tuesday, the head of the investment agency Sami Al-araji, the validity of the signature of the Convention on the settlement of investment disputes between States and nationals of other States.
Al-Abbadi's Office said in a statement received "alsumaria news", a copy of it, that "the Council of Ministers held its 16th ordinary under the chairmanship of Prime Minister Haidar Al-Abbadi", stating that "the Council decided to authorize the Chairman of the national investment Commission agency Sami Raouf Al-araji validity of signature of the Convention on the settlement of investment disputes between States and nationals of other States based on article (80/item 6) of the Constitution."
"The Council agreed to the Foreign Ministry to prepare the necessary authorization document on behalf of the Government of the Republic of Iraq to the President of the national investment agency in accordance with the approved contexts, and submit them to the General Secretariat of the Council of Ministers for obtaining the signature of the Prime Minister."
The affiliate in Iraq (28 July 2012) to the Convention on the settlement of investment disputes between States and nationals of other States, after approval by the Cabinet and Parliament, the Convention aims to promote investment and disputes between States and nationals of other States to resort to conciliation and arbitration, in order to accede to the Convention on the settlement of investment disputes.
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