Iraq and India to seek ways to reinforce trade ties
An Indian trade delegation, on an official visit to Baghdad, met Saturday with Iraqi officials to discuss ways to reinforce bilateral commercial ties, Iraq's INA news agency reported.
The delegation, led by Indian State Minister for Foreign Affairs Ajit Kumar Panja, examined "the possibility to sign sales contracts with Iraq for replacement parts, notably to renovate its oil installations and power plants," the agency said.
Representatives of Indian industrial, agricultural and oil-prospecting companies are part of the official Indian delegation.
India has concluded more than 150 contracts with Iraq for a total value of more than 280 million dollars. They concern Indian exports of food, pharmaceuticals, electrical and oil equipment.
Although Iraq has been under a UN embargo since 1990, it is allowed to sell limited quantities of oil in order to buy basic goods. - (AFP)
© Agence France Presse 2000
© 2000 Mena Report (www.menareport.com)