Eighty five Indian firms are participating in the ongoing Baghdad trade fair. Many public and private sector firms from the IT, agricultural equipment, oil and gas, educational publishing and irrigation sectors are showcasing their products at the event, the Hindustan Times reported.
A total of 1,500 companies from 45 nations are taking part in the Baghdad trade fair that has attracted record foreign participation since the UN sanctions on the country began in the 1990s.
Under the U.N. foodforoil program, Indian companies received contracts worth $1.2 billion. Iraqi Vice President Taha Yassin Ramadan opened the 33rd annual fair, which was also attended by ministers and senior officials from 14 Arab countries
Iraq's plentiful oil reserves attract worldwide attention. Since 1996, the country has sold oil under UN supervision in a humanitarian program that authorizes exports to finance imports of food, medicine and other essential goods.
A large number of firms from Finland, Sweden Turkey, Jordan and Iran are represented at the fair. This year's trade fair involved all industries and products except for military equipment, from which Baghdad is banned. — (Albawaba-MEBG)
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