Japanese investments protection opens the door widely for big companies

[audigger]

The Committee of Economy and Investment confirmed, on Thursday, that the agreement concluded by Iraq recently with Japan to protect the investments of the latter opens the door before the coming of sober great companies from the rest of the world,

indicating that a number of Iraqi banks will provide guarantees for the protection of foreign funds, including Iraqi Commercial Bank ."The agreement signed by Iraq during the recent visit of Prime Minister to Japan comes to reassure the Japanese side and provide protection for the funds of investment companies." The member of the parliamentary Committee of Economy and Investment Salman al-Musawi said to "Shafaq News""This Convention has not been preceded by a similar agreement with any foreign party and serves as a message to the international and major sober companies that Iraq opens its doors widely to foreign investment and to ensure their money." He explained .The Iraqi government and the Japanese government signed a long-term agreement to protect the investment funds in order to ensure the investment environment in Iraq.Prime Minister Nuri al-Maliki said on Wednesday, that these important agreements will greatly ensure the investment environment in Iraq, stressing that Japanese companies would invest in the development of oil fields and infrastructure, and the Iraqi government pledged to provide security guarantees to these companies.Musawi said "guarantees provided by Iraq in this agreement will be through the banks, specially the most prominent Iraqi Commercial Bank, which has an international and extensive reputation."

According to economists, the facilitation of foreign investment will help develop infrastructure and business development of Iraq and find new jobs and bringing in the capital, which leads to the introduction of new technology to Iraq and promote the transfer of knowledge and skills to Iraqis.

[emmet]

This has got to be great news for us. Thanks for the post

[TrinityeXchange]

+1 for this article my friend. time to buy some shares in BCOI pronto!!

ps. is there a link?

[audigger]

let me dig it up, i read a lot of newspapers, shafaq news on this one

[JWJW11]

Wow this is awesome news.....I think I remember Drox saying that articles like this are what we really want to see.

Drox if your around.....can you give us your thoughts!