The Good News About Investing In Iraq

Law360, New York (October 17, 2013, 4:01 PM EDT) -- On Sept. 16, 2013, the Iraqi Ministry of Planning launched the new National Investment Plan (2013-2017), after its ratification by the Iraqi Council of Ministers.

The plan builds on the ministry’s prior national development plan, adopted in 2010, which set ambitious goals for development but encountered serious obstacles, including political violence and uncertainty, bureaucratic inefficiencies, and corruption.

Despite these challenges, Iraq has experienced sustained economic expansion since 2010 — with 8.4 percent gross domestic product growth in 2012. Indeed, Iraq has successfully licensed several of its...
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