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Jordan expected to sign free trade agreement with Iraq

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Robbien Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-17-06 01:35 AM
Original message
Jordan expected to sign free trade agreement with Iraq
<snip>

During the meeting, Zu'bi stressed Jordan's readiness to assist Iraq in efforts to boost its economy, including the creation of qualifying industrial zones and other industry-related ventures.

Iraq struck a deal in mid-August with Jordan to provide 10-30 per cent of the Kingdom's daily oil needs of around 100,000 barrels at preferential rates. Part of the deal will eventually involve laying a new pipeline across the desert between the two neighbours.

The move is aimed at easing pressure on the Jordanian government, which increased the price of petrol, gas and home heating oil in April by between 12 and 43 per cent in a bid to reduce the budget deficit.

The April price hike was the third in less than a year.

Before the US-led war on Iraq in March 2003, Jordan depended on Iraq for all its oil needs, importing 5.5 million tonnes annually by road, half of it free and the rest at a preferential rates.

http://www.menafn.com/qn_news_story_s.asp?StoryId=1093127438
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ConcernedCanuk Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-17-06 04:58 AM
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1. So Jordan suffered as a result of the USA's invasion as well, . . .hmmm
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So WHO exactly (other the the PNACers and their buddies) benefits from this illegal invasion and continuing slaughter?
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ConcernedCanuk Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-17-06 07:57 PM
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2. Just a wee K&R - I think this deserves more attention/response
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