Jordan to sign free trade agreement with Iraq soon

Jordanian Prime Minister, Ali Abu Al-Ragheb, will visit Baghdad soon to sign a bilateral free trade agreement, Jordanian ambassador in Iraq told reporters. The agreement would ensure free flow of Jordanian goods into Iraqi markets and will remove all obstacles in this respect including the customs duties of 200 percent.

Jordan and Iraq agreed last week on renewing two protocols, an oil convention under which Iraq will be meeting all of Jordan's needs of crude oil and oil derivatives for the coming year, estimated at 5,5 million tons, and a second agreement allowing Jordan to export 450 million dollars-worth of goods to Iraq in 2002.