Egypt, Iraq to Set up Free Trade Zone
Sanctions-hit Iraq will sign a deal “soon” in Cairo to set up a free trade zone with Egypt as part of wider moves towards removing tarrifs in the Arab world, Bahrain Tribune reported Sunday.
Egypt, the top supplier of sanctions-hit Baghdad under the UN oil-for-food program, is expected to export $1.2 billion of goods to Iraq in 2000, up from $400 million in 1999, AFP said quoting Egyptian Prime Minister Atef Ebeid as saying.
Iraq broke off relations with Egypt after Cairo joined the US-led force opposing Iraq’s invasion of Kuwait, which brought on the sanctions -- Albawaba.com
© 2000 Al Bawaba (www.albawaba.com)