MP Mohammed Al-Ziyadi, a member of the Parliamentary Economic and Investment Committee, confirmed on Tuesday that the arbitration law’s approval will shield foreign capital from international financial sanctions.
Al-Ziyadi said in a proclamation to , “The upcoming meeting will observer the principal perusing of the mediation regulation, which is a stage towards enacting business interest in Iraq.”
He said, “Iraq is in dire need of approving this law because it will open up horizons for commercial cooperation and the investment of funds, in addition to thinking about ways that help attract investors and capital,” and he said, “Iraq is in dire need of approving this law.”
Al-Ziyadi focused on the “need of not contacting the groundworks of the state and the combination of government establishments.”
The fact that the draft arbitration law’s first reading paragraph was included in the Iraqi Council of Representatives’ session tomorrow, Wednesday, is noteworthy.
