Page 34 - of Khadrun’, and that Mark said about the lineage of Jesus son of ‎Mary that he was 'The word of God which He placed in the human ‎body, so it became human’, and that Luke said, 'Jesus son of Mary ‎and his mother were humans of flesh and blood, so the Ho

Investor Guide to Iraq 2021

Local Partnerships
As the country continues to improve the regulatory environment for investment and lays the foundations of political stability and
security, it is expected that benefits will accrue from the adoption of strategic partnerships with local Iraqi partners. The local
partners can learn the dynamics of the market, deal with the regulatory requirements, provide labor and other inputs at
competitive prices and use the previously-established sales networks as well as maintain necessary work relations with others,
including banking, legal and distribution partners, which are important for the success of the investment project. Also, one can
enter into partnerships with the public sector according to the provisions of Article 33 / B of the Investment Law No. 13 for the
year 2006, as amended, and to the provisions of Article 15 of the General Companies Act No. 22 for the year 1997, as amended.

Iraq’s bilateral and multilateral agreements
First: Bilateral Agreements:
Iraq has already signed investment agreements with: (Japan, France, Germany, Belarus, Armenia, Kuwait, Jordan, Iran, and
KSA) in addition to the agreement with USA regarding investment incentives.
1- Under negotiations agreements with (Russia, Czech, Holland, Italy)
2- Agreements to be negotiated with (Canada, China, South Korea, Turkey, Austria, Slovakia, Poland, Spain, Portugal,
Romania, Lithuania, Indonesia, Vietnam, Lebanon, Oman, UAE, Egypt, Bahrain, Bosnia & Herzegovina- Macedonia)
Second: Multilateral Agreement that Iraq has joined:
1- The Multilateral Investment Guarantee Agency (MIGA)
2- The World Association for Investment Promotion Agencies (WAIPA)
3- The International Centre for Settlement of Investment Disputes (ICSID)
4- The United Agreement for Investing Arab Capitals in Arab Countries.
5- The Agreement for the Promotion, Protection and Guarantee of Investment among Member States of The Organization
of the Islamic Conference
6- The agreement with the Arab institution for Investment Guarantee and Exports Credit/ 1974
7- The Cairo Agreement for Investment Disputes Settlement in Arab Countries for the year 2000
8- Oman Agreement for Arab Commercial Arbitration for the year 1987.
9- The United Nations Convention on Transparency in Treaty-based Investor-State Arbitration (for the year 2014)

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