Moroccan truck firm to deliver Iraq 550 vehicles by end 2001
Morocco-Iraq, Business, 3/14/2001

Morocco's truck-making firm, DAF Industries, has concluded a $ 60 million-worth contract with Iraq for the delivery of 550 trucks by end 2001, reports Moroccan economic daily "L'Economiste."

According to the source, the truck deal makes about one third of a $ 160 million deal obtained by Morocco as part of the ninth stage of the oil-for-food program.

The first delivery of 50 vehicles took place in the beginning of the year, the second on March 9 for a value of $ 15.5 million, another 200 trucks will be sent in July 2001 and the rest, 200 vehicles, before end 2001.

DAF General manager says the company will double its turnover which only stands at 350 vehicles, rejoicing that this is the first time that DAF goes to Iraq.

In a previous story, the paper had reported 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.

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 this March 26 a made-in- Morocco exhibition in Iraq.

Previous Stories:
  Morocco concludes $ 100 million in deals with Iraq   (2/21/2001)
  Iraq, Morocco strike trade deals worth $60 million   (11/10/2000)
  Moroccan industry minister arrives in Baghdad   (11/8/2000)
  Fair for Moroccan industries in Iraq   (8/25/1999)

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