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Article: Feature: Countries Worldwide Eying Iraq's Lucrative Market by Li Xuejun BAGHDAD, March 13
- Article from:
- Xinhua News Agency
- Article date:
- March 13, 2000
CopyrightCopyright 2000 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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Iraq in reconstruction, a 200 billion U.S. dollars market, is
attracting flocks of world trade officials and businessmen to
establish a beachhead here despite the crippling U.N. sanctions.
Iraq has become dilapidated after fighting an eight-year war with
Iran from 1980 to 1988, nearly 10 years of U.N. sanctions and
regular U.S.-British air raids in the north and south since the end
of 1998. It needs smart investments for its reconstruction program.
The profit-seeking countries currently are vying for a slice of
the lucrative market by gaining contracts under the U.N. oil-for-
food program and look to get a firm foothold once the crippling
sanctions are lifted.
Dozens of companies from ...