December 26, 2010Observers: out of Iraq from Chapter VII would revive his country's economy
Irbil, divergent views monitors the economic sector and financial and banking on the UN Security Council resolution judge to drive Iraq from Chapter VII, there are of the view that the issue carries a risk to national security can enjoy the central government by force, again, are of the view others that it involves the positive aspects reflected on the freedom of banking transactions.
The Director General of the branch of the Rasheed Bank in Arbil, Abdul Qadir Osman, told the Kurdish news agency (Rn) on the belief by saying that "removing Iraq from Chapter VII to achieve the economic interests of the country, because the banks were not able to send remittances abroad, was not able to opening credits and documents Shipping, because the seventh item was a barrier to economic activities of state, but that after the lifting of this item, the practice of these activities will naturally, which is in the interest and usefulness of Iraq, but the issue will not occur effects directly in the Kurdistan region because he has investment authority and there is a lot investors in the region.
In turn, The User cultural union economists North Nuri's (Rn) that "in all countries of the world, the one of the criteria for economic independence is the fact that the State independent of the interventions and external influences, and previously when there was no Kurdistan region known there was foreign intervention, its affairs, When it was over, many foreign investors are now headed for him, and in the same time, Iraq would emerge from Chapter VII would restore international confidence in him, and will have the power to more than encourage major international companies to go and work there because it is a country with independent and do not suffer from political and security problems, and in the event of any crisis, the government can secure the rights of the traders.
According to Nuri said, "foreign companies are not able to exchange billions of American dollars in the State under Chapter VII of the United Nations, and has full authority over its affairs, and suffer from problems of real political, so the drive Iraq out of Tailth will have a great impact in reviving the country and the entry of capital foreign funds to them.
He continues by saying that "from the standpoint of political economy, the drive Iraq from Chapter VII is not a negative impact on the Kurdistan region, because the region is to have an independent government, and in fact says that he has a political and economic relations to a considerable degree of evolution, has been opening about 20 Consulate in Arbil, the region has a parliament and government, independent and autonomous judiciary. "
Indicates Nuri said that "when the Iraqi economy is strong, the economy of the Kurdistan region will be strong too, because monetary policy for the region linked to the policy of exchange in Baghdad, when Iraq's economy strengthens, then it carries a positive impact on the region as part of a single country.
According to the seventh item of the laws of the United Nations, he should use force against any country that has threatened international peace and security and after the Kuwait invasion by Iraq on 2 August 1990, Iraq's status under Chapter VII group decisions issued by the UN Security Council.
The legal Bischoa numb to (Rn) that "the lifting of the seventh item on Iraq, bring him back to normalcy, and allows him to build international economic relations, and makes the decision to sell its oil freely, and allow foreign companies to the Investor to work in the country without fear of any situation is normal in Iraq.
For his part, says a member of the Supreme Council of the Union of economists Ahmed Abdel Rahman's (Rn) that "get rid Iraq of Chapter VII of the United Nations Charter contains a number of positive points and negative, because the political system in the country is not perfect, and the process of political development have not reached which prevents it from making financial and military power, however, set back from the exploitation of new
Wars and destruction, so the political situation is not appropriate now, but with all the absolute power enjoyed by the establishment of the armed forces and the purchase of warplanes and weapons, and manufacture of atomic installations, then it is to re-power of the central authority in Iraq.
And notes to Abdel Rahman I "As observers have noted significant on the seventh item, and I think it is for national security Kurdish was there should be many situations in question, but from the economic point of view of the Iraqi state, the raising item positive side, because the big companies do not operate in State living under economic sanctions, and removal of the item will make these companies have invested in Iraq, "noting that" the slogans and the Iraqi government's programs include some sort of economic development of the country, and this coincided with the cancellation of the seventh item, and it was very useful to the country.
After 20 years of sanctions against Iraq, and place it under Chapter VII, decided that the UN Security Council headed by John Baden majority of 14 votes from a total of 15 to lift the seventh item of Iraq, in December 15 this month, and this returned Iraq to normalcy.
Indicates item VII of the Charter of the United Nations to impose sanctions against any country threaten international security, to prevent him from activities, and the item is composed of 10 legal materials.
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