Iraq: 34 to conclude an economic agreement in 2011

[Stillw8n]

Iraq: 34 to conclude an economic agreement in 2011
22/10/2011 13:20

Baghdad, October 22 / October (Rn) – The adviser in the Iraqi government on Saturday that the number of economic agreements concluded by the Iraqi government in 2011 reached 34 Convention.

Said Salam al-Quraishi, told the Kurdish news agency (Rn) that “Iraq signed 34 economic agreements, 18 of the Convention on the consensus reached between the Council of Ministers, and 16 agreements entered into by the ministries and institutions of the state.”

He added that “all economic agreements need to adopt the House by a task in raising the level of trade with Iraq and the countries of the world’s economically developed.”

And that “agreements concluded by Iraq relating to the development of most of the energy sector (oil, electricity) and the development of local industries and the development of housing projects.

He pointed out that “The Iraqi government opened this year, the door to cooperation with South Korea, Germany, China, Egypt, Turkey and other countries Menen important global economic due to the low level of violence in the country and control of security forces to areas that were seen as violent.”

In turn, the Legal Adviser to the Prime Minister Fadhil Mohammed Jawad (Rn) that “the agreements concluded by the Iraqi government will not be valid unless approved in the Iraqi Council of Representatives.”

“The agreements which are rejected by the House is not obliged by law to Iraq.”

Announced that the Ministry of Planning and Development Cooperation, last Wednesday that the number of investment projects carried out in 2011 of 144 investment projects.

Iraq seeks to modernize its economy, especially after the signing of oil deals aimed at increasing oil production to four times its current size, although the country’s infrastructure is still crumbling after decades of war and sanctions.

He urged Iraq on several occasions, Arab businessmen and foreigners to invest in land. And confirms the presence of Iraqi officials and facilities that will attract many investors to the country and achieve their interest.

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