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Morocco concludes $ 100 million in deals with Iraq
Morocco-Iraq, Economics, 2/21/2001
Five Moroccan enterprises have struck in the second half of 2000 $ 100 million-worth of UN-authorized deals, says Moroccan economic daily "L'Economiste."
The contracts provide for the supply of barley, trucks and semi-trailers.
The paper goes on, quoting a United Nations classified document, that some contracts are still suspended over suspicions that the supplies could have a double use, such as a $ 1.2 million contract for the supply of computer equipment and a $ 2.2 million contract of irrigation machinery.
However, Moroccan companies, facing a harsh competition on Iraqi market, blame the government for lack of financial support in a high-risk market, unlike Egypt which subsidizes 15% of exports to Iraq.
According to the source, the Moroccan exporters association is projecting to stage next March 26 a made-in- Morocco exhibition in Iraq.
Previous Stories:
Iraq, Morocco strike trade deals worth $60 million
(11/10/2000)
Moroccan industry minister arrives in Baghdad
(11/8/2000)
Moroccan delegation arrives in Baghdad
(11/7/2000)
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