As was widely anticipated, the United Nations Security Council unanimously agreed last week to move several outstanding issues between Iraq and Kuwait from Chapter VII to Chapter VI of the UN Charter.
This effective normalisation of relations between Iraq and Kuwait has been broadly welcomed, with statements from US Secretary of State John Kerry and UK Minister for the Middle East Alistair Burt, among others; the removal of the sanctions is seen as a major step forward for Iraq.
But what does this mean in practical terms for the business community, and to what extent will it ease trade and facilitate development? If your business will be affected by this development, directly or indirectly, please let us know in the Comments section below.