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Khuzaie calls for Canada to open its embassy in Baghdad and its companies to invest in Iraq

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Khuzaie calls for Canada to open its embassy in Baghdad and its companies to invest in Iraq

Editor: MN | NQ Friday 29 حزيران 2012 13:43 GMT

Alsumaria News / Baghdad,
Vice President of the Republic Khodair al, on Friday, Iraqi government's desire closer relations with Canada, inviting them to open the Canadian Embassy in Baghdad and Canadian companies to invest in Iraq.

said Khuzai in a statement released today, following his meeting with Chairman of the House of Commons of Canada, Andrew Cher on the sidelines of his visit to Canada, and received "Alsumaria News", a copy of it, that "the Iraqi government and people want to establish better relations with its neighbors and the world," asserting that "the desire of the Iraqi government closer relations between Iraq and Canada for the benefit of the two friendly countries."

Khuzai said that "history Relations between the two countries was distinctly good relations and cooperation in many areas, encouraging the opening of the broad areas of cooperation and partnership in the field of investment as owned by the Iraqi economy from the elements of ground for investment in the areas of housing, agriculture and other sectors. " and called Khuzaie Canada to "open the Canadian Embassy in Baghdad , and Canadian companies to invest in Iraq, "stressing that" the amendments to the Iraqi investment law guarantees the rights of large investors through tax exemption and the protection of capital and free movement of financial returns. "

He Khuzaie satisfaction "of evolution in the level of relations between the Iraqi Parliament and the Canadian through the Committee of the relations between parliamentarians, "stressing the need to" do more exchanges and cooperation in the field of expertise through the activation of Friendship Committee Arab Canadian. "

For his part, President of the Canadian Parliament visit Khuzaie of Canada as "fruitful and successful," asserting that it "opened the doors of great cooperation between the two countries." The head of the Iraqi parliament has called in (November 23, 2011), to open the Canadian Embassy in Iraq after the stability of the Iraqi situation is relatively stressing Iraq's desire to develop prospects for cooperation with Canada in all areas, also referred to the necessity of participation of Canadian companies in the areas available for investment and cooperation in various sectors.

and Iraq's parliament approved in October 2006 Iraqi investment law, which it was said at the time that he will open the doors wide open to foreign investment, due offer a lot of facilities to foreign investors, many foreign companies are still hesitant because of fears of Indeed, the unstable security in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the Iraqi investors and foreign investment in all the privileges except for real estate ownership, as can a foreign investor to rent the land for 50 years, renewable, according to paragraph 11 of the the law.

It is incumbent upon investors to submit their projects for the National Commission for Investment or the Investment Commission of the region or province, to get investment licenses, and they can apply for investment license to the "Circle of One Stop Shop", developed by the National Investment Commission and authorized to inform the investor's decision to the final in 45 days to eliminate the red tape in granting investment license.

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