National Investment Authority participates in the International Chamber of Commerce meetings in Paris

The head of the National Investment Authority (NIA) presided over the meeting. Prof. Dr. Haider Mohammed Makkiya, the technical meeting with the International Commercial Arbitration Court of the International Chamber of Commerce (ICC), in the French capital, Paris. The meeting was attended by the Federation of Iraqi Chambers of Commerce,the International Chamber of Commerce – Iraq Chapter (ICC-IRAQ), as well as representatives of the Iraqi Embassy and the Commercial Attaché in Paris.

Promoting Commercial Arbitration in Iraq

The meeting aimed to coordinate efforts and provide technical and technical support to activate commercial arbitration in the Iraqi investment environment. In this context. Dr. Makiya reviewed Iraq’s signing of the Singapore Convention for the International Settlement of Disputes Resulting from Mediation, which was signed this year. He emphasized the need to include this agreement in international investment contracts for mediation before resorting to arbitration.

Iraqi Smart Cities Forum

On the other hand. Dr. Makkiya indicated KDIPA’s support for the International Chamber of Commerce – Iraq Branch’s plan. Especially in the framework of the partnership to organize the first Iraqi Smart Cities Forum, scheduled to be held in February next year, which aims to promote technology applications in infrastructure development and investment.

Importance of the meeting

The meeting comes within the framework of enhancing the integration of international and local investment environment indicatorsand developing commercial arbitration tools in line with international best practices to support investment in Iraq.