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MIDDLE EAST-US trade



The Iraq war was supposed to be a fight against terrorists and WMD. Suggestions that it might be about oil were angrily rejected, However, the large meeting of the World Economic Forum by the Dead Sea surprised us; the sea may de dead, but the trade issue was very much alive. The US announced a plan to allow free entry to US markets to Middle East countries ready "to embrace economic liberty and the rule of law", which would facilitate US entry into Middle East markets. Jordan, Bahrain and Morocco expressed interest. Morocco? Is there an official definition of "Middle East". At the same time, US corporations would get preference in Iraq. A top US aid official said the US is pouring money into rebuilding postwar Iraq, but Iraqi firms will get only half of initial contracts, rather than most of them as earlier expected.
Ronald Hilton - 6/28/03


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