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Starting third developmental Arab summit in Riyadh on Monday
20/01/2013 12:00 am
Participation of Iraq
Cairo - Isra-Khalifa
participation of a delegation senior Iraqi headed by Vice President Khudair Khuzaie starts tomorrow «Monday« summit development and economic and social Arab third and last day and discussed the summit 6 axes task. said senior agent of the Ministry of Foreign Affairs, however, Abawi in an earlier statement to the Center Brief Iraqi Media Network that Vice President Khudair Khuzaie and four ministers participating in this summit, which is very important in the field of strengthening economic relations between the Arab countries.
For his part, Dr. Mohammed Al-Tuwaijri Assistant Secretary-General for Economic Affairs Sector of the Arab League in a press statement to attend the morning that items The draft agenda and draft resolutions, including follow-up implementation of the decisions the previous summits, and the draft Unified Agreement for the Investment of Arab Capital in the Arab countries amended, which is guaranteed by the item investment in the Arab countries, in addition to strategic Arab to develop renewable energy applications between 2010 to 2030, and the Millennium Development Goals between 2000 and 2015 and beyond, and to address non-communicable diseases (NCDs) and view the results of the work of the Private Sector Forum Arab Riyadh, in addition to showing recommendations Arab Youth Forum at its third session, which was held recently in Cairo. added Tuwaijri as of Almentdhar to sign Arab leaders on the draft convention consolidated investment of Arab capital in the Arab countries, which includes 7 chapters include 33 articles, where separating the general provisions and the treatment of investment and the Arab investor, and the preferential treatment that gives the right to host countries to grant any additional benefits for Arab investment exceeded the minimum stipulated in Convention, and follow up implementation of the Convention, where the Economic and Social Council of the Arab League to oversee the implementation of the Convention through the issuance, modification and cancellation rules and procedures necessary for this agreement, and cooperation with other countries in addition to the materials to ensure the investment by securing the Arab investor to invest in enterprise-Arab Investment Guarantee The export credit or any other insurance deems appropriate. confirmed Tuwaijri that the Arab sector became eligible to lead the private sector, where there investors and Arab businessmen invest their capital in all parts of the world are mature and have the ability to lead the economic sector Arab », pointing out that states its mission legislation only, and facilitate the movement of the private sector.
said that all decisions twelve that emerged from the summit in Kuwait in 2009 and the Sharm el-Sheikh 2011 played implementation, pointing out that the decision includes some studies and meetings, they are going in full swing, as a power link, in addition to transportation rail, where it was awarded the project to house studies Jordanian - Italian for a feasibility study of the project, while the implementation of a number of decisions on the ground, as a decision support small and medium enterprises, has been allocated 1.25 billion dollars, has been awarded 7 loans to a number of Arab projects, pointing to that economic decision takes longer than the political decision to implement it.
expected from the Arab summit in Riyadh to approve the settlement of disputes, where asylum Arab investor to eliminate in the host country, according to the rules of jurisdiction and, if not agreed parties to the dispute otherwise be settled disputes arising between the parties investment relating to the application of the Convention by the court, according to its statute, and if that is not possible are also resorting to the Arab Investment Court.
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