IRAQ SANCTIONS MONITOR Number 158
Tuesday, November 21, 2000

LATEST NEWS++++++VHS copies of the film 'Big Ben to Baghdad', the epic
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Patrols to avoid Iraqi civil aircraft. 
US Department of Defense spokesman Kenneth Bacon announced on 7 November
that US and UK pilots patrolling 'no-fly zones' in Iraq have made
"appropriate changes" to avoid accidentally shooting down Iraqi civilian
aircraft.
Volume 034/021
(c) Jane's Information Group Limited 2000.

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Iraq confronts U.N. with oil sales to Syria. 
DUBAI, Nov 21 (Reuters) - Iraq has begun pumping oil through a pipeline to
Syria, apparently outside the terms of the United Nations oil-for-food
arrangement.

A Syrian oil official said that about 150,000 barrels a day of Iraqi crude
was flowing through the line, disused since 1982.
"Iraq started pumping on November 16 and the flow is now up to about 150,000
barrels per day of Basrah Light," the official told Reuters by telephone
from Damascus.

Iraq earlier this month vowed to start selling crude to Syria in what
appears to be part of a sustained effort by Baghdad to break the
straitjacket of U.N. Gulf War sanctions.

Oil-for-food allows Iraq to sell as much crude as it likes in return for
humanitarian goods as long as the revenues remain under strict U.N. control.
Iraq's customers pay direct into an escrow account in New York with 30
percent of the proceeds earmarked for Gulf War reparations.

Washington has said it does not object to sales via Syria as long as the
revenues remain under U.N. control.
The Syrian oil source said the crude was moving into storage tanks at
Syria's Homs and Banias refineries but had not yet been processed. Iraq has
been exporting about 2.3 million barrels daily via export terminals on its
Gulf coast and through Turkey, both monitored on behalf of the U.N. by Dutch
agent Saybolt.

"We've been in intense discussion with the government in Damascus," Richard
Roth, U.S. principal deputy assistant secretary of state for Near Eastern
affairs told Reuters in New York last week.

"We are not opposed to oil going through the pipeline as long as it meets
the export regime controls," Roth added. "As long as the money is put into
the U.N. system we don't have a problem."

Iraq has not notified the United Nations of the possible reopening of the
pipeline, U.N. officials said last week.
Iraq aims to eventually stabilise the pipeline throughput at 200,000 bpd
said and there we no immediate plans to increase flows beyond that level,
the Syrian official said. Industry sources said Syria will purchase the
Iraqi crude oil at a discount to international oil prices and will be able
to sell the equivalent amount of its own Syrian Light crude oil at world oil
prices. When asked whether Damascus would start exporting the equivalent
amount of Syrian Light immediately the official said "we have one or two
extra cargoes for November." Lifters of Syrian crude said they had not been
offered firm additional barrels of oil on top of November or December term
volumes, which have already been confirmed.

"They have expressed to us the possibility that they may have additional
volumes but they have not offered anything," said one trader at a European
company.

Baghdad already is allowed to sell some oil direct to its neighbour Jordan
outside the terms of oil-for-food.
Iraq has raised a number of other issues with the United Nations on
oil-for-food.

They include the demand that buyers pay an extra 50 cents over official
selling prices into an account outside U.N. control.

______________________________________________

Russia lost USD 30bn through sanctions. 

MOSCOW, Nov 21 /Prime-TASS/ - Russian Foreign Minister Igor Ivanov has
written to UN Secretary General Kofi Annan detailing real and potential
losses sustained by Russia from ten years of sanctions against Iraq.

Speaking on Russia's ORT television channel on Monday, he said the losses
totaled some USD 30 bln. These are real losses and it is natural that we
would like the sanctions to be lifted as soon as possible... Our stand is
not based on purely selfish interests. The sanctions should be lifted to end
the suffering of the Iraqi people in the first place.

At the same time, when taking this or that step in the sphere of foreign
policy, the first thing we should take into consideration is our own
interests, including economic and financial ones," Ivanov said. The minister
visited Baghdad on November 13-14 and discussed with Iraqi leaders how to
end the economic embargo.

According to diplomatic sources, Iraqi Deputy Prime Minister Tareq Aziz will
visit Moscow on November 25. They said Aziz and Russian officials would
continue to discuss the problem then.

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Private Dubai airline to start regular flights to Iraq. 

Dubai (AFP)-21Nov2000/404 am EST/904 GMT A private airline in the Gulf
emirate of Dubai will start regular flights to sanctions-hit Iraq from
Wednesday, a company source said Tuesday. 

Nada al-Sharq International will organize four flights a week to Iraq, three
leaving from the neighboring emirate of Sharjah and one from Dubai
International Airport, the source said. The first flight, a Boeing 727
carrying a delegation of 167 Emirati personalities and the Iraq consul to
the United Arab Emirates as well as a cargo of medicines, will leave Sharjah
early Wednesday. Nada al-Sharq International was created almost one year ago
and is headed by Sheikh Maktoum bin Hashr bin Manae al-Maktoum, a member of
Dubai's ruling family. Iraq and the UAE formally renewed diplomatic
relations in July after a 10-year break following the Iraqi invasion of
Kuwait.

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PUTIN, IVANOV DISCUSS WAYS OF SETTLING MIDDLE EAST, IRAQI PROBLEMS

MOSCOW. Nov 20 (Interfax) - Russian Foreign Minister Igor Ivanov informed
President Vladimir Putin of the results of his Middle East and Gulf tour
during a working meeting in the Kremlin on Monday, presidential spokesman
Alexei Gromov has told Interfax.

Ivanov spoke about the efforts being made by Russian diplomacy on the
president's instruction to normalize the situation in the Palestinian
territories and to settle the Iraqi problem, he said.

Putin instructed Ivanov to continue active cooperation with the United
Nations, the United States and European and other states in order to curb
the escalation of tensions in Israeli-Palestinian relations, normalize the
situation and resume the talks.

Regarding the Iraqi settlement, Putin and Ivanov said that Russia will
continue its work to ensure that the resolutions of the U.N. Security
Council be implemented "with a clear view on the future lifting of sanctions
from Iraq," Gromov said.

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RUSSIAN FOREIGN MINISTER CRITICIZES U.S., GREAT BRITAIN FOR VIOLATING
INTERNATIONAL LAW IN IRAQ. 

MOSCOW. Nov 20 (Interfax) - Russian Foreign Minister Igor Ivanov has said
that members of the UN Security Council must show an example by implementing
all of the Security Council's international norms and resolutions instead of
breaking them.

Russia "has always called for the implementation of the UN Security
Council's resolutions on Iraq along with a concrete time for lifting the
blockade and sanctions on that country," Ivanov said at a briefing in Moscow
on Monday.

At the same time, Russia "has always opposed the no-fly zones and the
ongoing bombardment of the Iraqi territory by the United States and Great
Britain, as it thinks that these actions violate the UN Charter and
international legal norms, and complicate the settlement of the Iraq
problem," he noted.
"If the international community demands that Iraq implements the UN Security
Council's resolutions, members of the Council, especially the permanent
members, must show an example of strict compliance with the UN Charter and
international law," Ivanov said.

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Iraq may suspend exports to loosen UN hold. 
Dow Jones

IRAQ is seeking to deal a sharp blow to United Nations trade sanctions, and
is willing to reduce or suspend oil exports to do it, sources said.

Emboldened by recent successes in loosening the UN embargo, Iraq would push
ahead with a plan requiring firms that buy its oil to pay a 50-cent a barrel
premium into an account outside the UN's control or lose their contracts, an
industry source said.

The source, who spoke on condition of anonymity, said Iraq's State Oil
Marketing Organisation (SOMO) would ask the UN to approve a December selling
price for Iraqi crude that is 50C a barrel below market prices. Lifters were
being asked to make up the difference in side agreements with the
Government.

SOMO wanted the payments in advance of deliveries, and would not deliver oil
to lifters who balk, the source said.
"There are buyers who are ready to pay, there are buyers who are not," the
source said. "Those not ready to pay will not take oil."

Iraqi will press the issue in the UN Iraq Sanctions Committee when it
submits the December price formula for approval. If below-market prices were
approved, side agreements on the 50 cent premium would then take place
outside the sanctions committee's view, the source said.

If the sanctions committee, where both the US and UK have veto power, did
not approve SOMO's December prices, Iraq would blame the West for
interrupting its 2.2 million barrels a day of oil exports, the source said.

Observers cautioned that the current six-month phase of the oil-for-food
programme expired on December 5, and that Iraq had pressed for concessions
at the UN ahead of the Security Council's anticipated extension of the
programme in the past.
Under oil-for-food, proceeds from Iraqi exports are held in escrow, and
dispersed only with sanctions committee approval.

But, with over $11.3 billion in the UN escrow account in New York, Iraq
would suffer no loss of humanitarian supplies by disrupting oil sales, the
source said. "They are very serious," the source said of the Iraqi
Government. "This is not negotiable."

The US is also serious about maintaining sanctions imposed in 1990 for
Iraq's invasion of Kuwait. Washington has agreed to loosen sanctions to
improve living conditions for ordinary Iraqis, but has drawn a red line at
allowing Saddam Hussein to directly control revenues from oil sales.

If the sanctions committee allows the 50 cent premium, what would stop SOMO
from seeking a much larger cut, observers asked? On the other hand, with US
heating oil stocks the lowest end October level on record, and crude
supplies tight, "how far is the (US) willing to go if it means no Iraqi
crude?" asked one buyer of Iraqi crude.

If there is a break in Iraqi exports, oil prices could likely challenge the
post-Gulf war high of $41.15. Even if below-market prices were approved for
December, major oil companies would balk at the new terms, the industry
source said. However, smaller companies from Russia and other countries that
oppose the UN embargo would accept the conditions, the source said.

Initially, at least one third of Iraq's recent export volume was jeopardised
by the move, the source added.
In Baghdad, officials believe there was no chance the US would agree to lift
the UN embargo, and that chipping away at sanctions was their only option,
the source said.

______________________________________________________

Putin, Ivanov discuss situation in Palestine, Iraq. 

President Vladimir Putin had a working meeting with Foreign Minister Igor
Ivanov on Monday to discuss the results of Ivanov's trip to the Middle East
and the Persian Gulf.
Ivanov briefed Putin about the efforts taken by Russian diplomats to
normalise the situation on Palestinian territories and settle the Iraqi
problem, presidential spokesman Alexei Gromov told Itar-Tass.
The president instructed the minister to step up work together with the
United Nations, the United States, European and other states in order to
stop the escalation of tension in Israeli-Palestinian relations, normalise
the situation and resume talks.
On the Iraqi problem, Russia will insist on the implementation of U.N.
Security Council resolutions linked with the upcoming lifting of sanctions
against Iraq.
(c) ITAR-TASS 2000. 

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Iraq objects to Arab women's summit declaration

The Iraqi delegation to the first summit of Arab women in Cairo said on
Monday that the final declaration of the summit had not reflected delegates'
true support for the lifting of sanctions against Iraq, Iraqi radio
reported.

Delegation leader Dr Manal Yunus Abd-al-Razzaq "said that the statement read
by the Arab League secretary general contained nothing of what the majority
of the delegations had agreed upon in terms of lifting the unjust embargo
imposed on Iraq", the report said.

"While we condemned the way of preparing the statement and its exposed bias,
the Iraqi delegation did not walk out of the conference out of respect for
the delegations which demanded the lifting of the unjust embargo and out of
appreciation for their countries, Arab and Palestinian women, and holy
Jerusalem," it quoted Yunus as saying.

Speaking after the conference, she added that the statement had been watered
down from that originally prepared in order not to offend Kuwait.

Source: Republic of Iraq Radio, Baghdad, in Arabic 20 Nov 00.

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UN Won't OK Below-Market Oil Prices For Iraq - Diplomats. 

NEW YORK -(Dow Jones)-In a blow to Iraq's latest effort to gain some control
of its oil revenues, Western diplomats and U.N. officials said Monday the
United Nations will reject any request by Baghdad to set its official oil
export price at a discount to market rates.

The U.N. position sets the body up for a possible confrontation with Iraq,
which reportedly wants to lower its U.N.-approved export prices to create
room for buyers to pay a surcharge the country could spend at will.

"It's a non-starter," a Western diplomat said of the scheme.

______________________________________________

Military spokesman details 20th November allied air activity. 
Text of report by Iraqi radio on 20th October

The US and British ravens of evil have resumed their treacherous combat
sorties over our peaceful towns in an attempt to inflict further harm on the
march of our mujahidin people under the historic, courageous leadership of
victorious leader President Saddam Husayn.

In a statement to the Iraqi News Agency [INA], a military spokesman for the
Air Defence Command said: At 1130 [local time] today, the US and British
ravens of evil violated the sanctity of our airspace through the Turkish
airspace, with direct support from the Turkish side. Aided by an AWACS
aircraft flying in Turkish airspace, the ravens conducted 14 combat sorties.
They flew over areas in the Governorates of Dahuk and Arbil before leaving
our airspace to the bases of evil and aggression in Turkey.

The spokesman added: This brings to 5,538 the total number of combat sorties
staged by the ravens from Turkish airspace since the Day of Conquest on 17th
December 1998. The total number of combat sorties conducted by the ravens
from Saudi, Kuwaiti and Turkish airspace becomes at 26,993.

Source: Republic of Iraq Radio, Baghdad, in Arabic 1700 gmt 20 Oct 00.
______________________________________________

20Nov2000 IRAQ: Iraq - Key developments. 
COUNTRY BRIEFING

FROM THE ECONOMIST INTELLIGENCE UNIT

OVERVIEW

The Iraqi regime, led by Saddam Hussein, faces few external challenges. The
country's relations with its neighbours and the Arab world are expected
steadily to improve. Further afield, the UN Security Council remains divided
over how to deal with Iraqi non-observance of its resolutions, while
unilateral US military reprisals have never posed a serious threat to Mr
Hussein's position. Sanctions will continue to soften over time, as pressure
from Russia, France and China undermines the hard line of the US and the UK.
The exiled opposition remains fragmented and ineffectual, with the US wary
of providing meaningful support. Reports that Mr Hussein has cancer have
focused interest on the succession process. Potential for strife exists
between the president's sons: Qusai, who has been appointed heir, and his
elder brother, Udai, who has already sought to challenge Qusai's position.
In the event of the president's death, regime survival would depend on a
smooth transition process, which is by no means assured. However, Mr Hussein
currently shows no sign of loosening his grip on power, and the regime will
remain united while he is president.

Key changes from last month

Political outlook

Iraq's regional and international environment will continue to improve, as
an increasing number of states become willing to challenge the UN's policy
of sanctions against this potentially rich oil producer.

Economic policy outlook

Iraqi economic policy remains concerned with the expansion of oil-smuggling
routes. Fiscal and monetary policy will continue to be erratic, ineffectual,
and driven by political expediency.

Economic forecast

The EIU's oil-price forecast for 2001 stands at US$25.36/barrel, falling to
US$19.13/b in 2002. This will enable Iraq to register total exports of
US$21.5bn in 2001 and US$17bn in 2002.

_____________________________________________

Jordanian medical team arrives on board Jordanian plane. 
Text of report by Iraqi radio on 20th November

At 1750 [1450 gmt] today, a Jordanian Boeing 737-400 landed at Saddam
International Airport. The plane is carrying 150 figures, representing
several Arab medical associations and organizations and Arab and world
medical figures. The delegation is led by Dr Ahmad al-Qadiri, president of
the Jordanian Dentists Association. The delegation is making a five-day
visit to Iraq to attend the 22nd conference of the Iraqi Dentists
Association. The conference has been named "Jerusalem Support Conference".

The delegation was received by Dr Ghalib al-Jasim, secretary-general of the
Arab Dentists Federation and president of the Iraqi Dentists Association,
members of the Iraqi Dentists association Council, and several Iraqi
dentists.

____________________________________________

Sanctions on Iraq 'could go in six months'. 
By Richard Beeston Diplomatic Editor, The Times.

Britain has extended an olive branch to President Saddam Hussein, promising
to lift sanctions "within six months" and to help Iraq to reintegrate into
the international community if Baghdad allows UN weapons inspectors back
into the country.

In a move that could cause serious friction with the United States, which is
working for the overthrow of the Saddam regime, Peter Hain, the Foreign
Office Minister responsible for the Middle East, said that he wanted to see
the decade-long embargo lifted.

"I want to say it clearly now, because it has not been said as clearly
before," he told The Times. "I want to see sanctions suspended so that
everything can move forward. Iraq can move forward, the region can move
forward.

"But the only vehicle for that is (UN Security Council Resolution) 1284,
which in return for allowing inspectors back would trigger within months,
literally within 180 days, sanctions suspension."

Although his message was a broad restatement of existing policy, the tone
was vastly different from earlier statements. Britain has been under growing
pressure from moderate Arab countries to ease the ten-year embargo on Iraq,
which is being broken almost daily by flights, VIP visits and cross-border
trade. Across the Arab and Islamic worlds, Britain and America's tough stand
against Baghdad has been widely criticised for punishing the Iraqi people
and leaving the regime intact.

Mr Hain said that in addition to his public appeal to the Iraqi leadership
to co-operate with the UN, Britain had been making indirect approaches to
Baghdad through friendly Arab governments in an effort to persuade the
Iraqis to change their minds. "I have been meeting with a number of key
foreign ministers in the region, in the Gulf and other Arab states, who have
been seeking to have a dialogue with Tariq Aziz, the Iraqi Foreign Minister,
about how 1284 can be implemented," he said. "I am hopeful that if a way can
be found for Iraq's dignity to be respected, while allowing the arms
inspectors in, then we could see sanctions suspended within six months."

Even before that happens, Britain is prepared to show flexibility in other
areas. Mr Hain said that talks were under way with the French and Russians
at the United Nations to draw up a system that would allow regular flights
to resume to Iraq, so long as they were searched before take-off to make
sure they were not helping Baghdad to rebuild its weapons of mass
destruction.

In addition, he hinted that if the Iraqis began to co-operate there could be
movement on the question of the no-fly zones, the areas of northern and
southern Iraq being patrolled by British and American warplanes.

Taken together, Mr Hain's remarks suggest a reorientation of British policy
towards Iraq. Although Foreign Office officials are concerned that the
Iraqis are still concealing stockpiles of germs and chemical agents used in
the manufacture of biological weapons and poison gas, they would evidently
prefer to have UN inspectors on the ground rather than the existing
situation, where there are no monitors in Iraq at all.
One issue in particular - the survival of Saddam - could divide Britain and
the US, which have remained united for a decade on their approach to Iraq.
Although successive US Presidents have sought the removal of Saddam and have
been backing the Iraqi Opposition, Mr Hain insisted that who ruled Iraq was
not his concern.

______________________________________________

As more and more countries call for the lifting of the sanctions imposed on
Iraq... 

As more and more countries call for the lifting of the sanctions imposed on
Iraq following the end of the Gulf War, Brian Reyes looks at attempts by
Jordan to strengthen its historic diplomatic and economic links with Saddam
Hussein's country.Jordan strives to win back Aqaba trade

THIS week, a large Iraqi trade delegation will visit Jordan and repay the
previous visit to Baghdad by their Jordanian counterparts earlier this
month.

The Jordanian mission to Iraq was led by the country's new prime minister,
Ali Abu al-Ragheb, and represented just one of many recent moves to
strengthen historic diplomatic and economic links between the two countries.

It came at a time when a growing number of countries are urging the lifting
of economic sanctions imposed on Iraq following the end of the Gulf War.

Critics say the sanctions are failing their original purpose of keeping
Iraqi leader Saddam Hussein in check, and are instead hurting ordinary
Iraqis.

Increased cooperation between the two countries highlights the fact that,
although the sanctions were aimed at Iraq, geographic neighbours such as
Jordan suffered too.
Jordan lost Iraqi business as a result of the sanctions, but now wants it
back.

Before the Gulf War, the Jordanian port of Aqaba, on the shores of the Red
Sea, was a major transit point for goods to and from Iraq. After sanctions
were imposed, volumes at the port plummeted. Freight inspections of
Iraqi-bound cargo, required by the United Nations and handled in Aqaba by
UK-based Lloyd's Register, further damaged the port's competitiveness in the
Iraqi market.

Businessmen in Amman put the annual losses to the Jordanian economy as a
result of the Iraqi sanctions at some $1bn. Iraq was Jordan's biggest
trading partner before the sanctions, but exports under the oil-for-food
programme are now only a fraction of what they were previously, and the
effects can still be felt. Speaking to the Jordanian press recently, Khaldun
Abu-Hassan, former president of the Amman Chamber of Industry, said: "The
value of our exports to Iraq last year was no more than $74.5m, compared to
$106.15m in 1998, which indicates that the bilateral trade has dropped to
less than half."
Developments such as Mr al-Ragheb's visit to Iraq mark the start of a
recovery from the present situation, and the prospect of increased trade has
Jordan's business sectors, from finance to transport, optimistic of change.

Although Mr al-Ragheb's trip was perhaps most significant at a cultural and
political level, particularly at a time of heightened tension in the
Palestinian territories, it was economically crucial too. An agreement was
signed, for example, under which Baghdad will supply Amman with 5m tonnes of
crude oil and by-products at significantly discounts from global prices.
Those exports are exempted from the UN measures.

Iraq and Jordan also agreed to build an oil pipeline from the Iraqi pumping
stations in Haditha to Zarqa, site of Jordan's most extensive free zone
development. The prospect of increased trade with Iraq boosted shares in
Amman's bourse following Mr al-Ragheb's visit, with trading focused on
industrials expected to benefit from increased sales.
The transport sector is also expectant of a much-needed boost, and a host of
measures have already been implemented this year.

Freight charges for overland transportation from Aqaba to Iraq have been
sliced by 22%, and port tariffs for Iraqi-bound freight moving through Aqaba
have been reduced by as much as 50% for certain commodities. Now, the
Jordanian government has taken a unilateral decision to end Lloyd's
Register's inspections at Aqaba port, a move to which the UN is not expected
to object.

Industry sources in Amman said the inspections had contributed to the
decision some years back by many Aqaba-based companies to transfer their
operations to other regional ports such as Dubai and the Syrian port of
Tartouss.
The inspections, they argued, increased clearing time and costs associated
with moving Iraq-bound freight through the port of Aqaba.

Knock-on effects filtered through Jordan's economy and hit industries
dependent on Iraq as a key export destination. Many of those industries,
sources said, now operate at only 50% of their available capacity. And
although the inspections focused on checking Iraq-bound freight for
compliance with UN sanctions, local businessmen suggested they often
interfered with domestic trade needs too.

"This was a big loss to the Jordanian economy," Rula Dababneh, Lloyd's
department manager at Amman-based Lloyd's agents Spinneys 1948. "The
inspections by Lloyd's at Aqaba are causing delays to the movement of Iraqi
imports and adding costs to the total inland charges through the country to
Iraq, at a time when Jordan is suffering from the competition of Syrian
ports," another Amman-based shipping source told Lloyd's List.

There is uncertainty in Jordan as to when the Lloyd's Register inspections
will cease, if at all, and whether or not the UK company will be replaced.
While Jordan has the right to end the Lloyd's Register operations at Aqaba
under the contract reached with the UN, and provided it gives three months
notice, some speculate that the US government might object to this unless
the UK company is replaced.

There has already been speculation in the Jordanian press that an unnamed
Indian company is set to take over the inspections from 2001. Lloyd's
Register said the situation had yet to be resolved. "We continue working at
this time as we have done since we initiated the solution to the offshore
inspections in the north Red Sea," it said in a statement issued in response
to questions from Lloyd's List.

"We shall continue to support Jordan regardless of any possible decisions on
this project." Lloyd's Register added: "We are awaiting instructions from
the UN/Jordanian government on how we might best effect any changes they may
require."

And although Jordan, an internationally respected country and a key player
in the region, would only continue to handle Iraqi trade only under UN
terms, the general view in the country's maritime sector is that the sooner
the inspections are terminated, the better for the economy. The future for
Aqaba, inspections aside, looks rosy nevertheless.

The Jordanian government is planning to create a massive free zone there,
stretching beyond the limits of the port and right up to the borders of the
Aqaba region. It is a project that promises to transform the Red Sea town
and generate a giant economic boost for Jordan by attracting new flows of
foreign capital as companies set up.

The Aqaba Special Economic Zone has been personally blessed by Jordan's King
Abdullah and, although not due to be implemented until early next year, is
already attracting attention from companies outside Jordan. All this is good
news for the port and the transport sector, particularly as a quick look at
volumes through Aqaba show there is ample room for growth.
During the first nine months of 2000, the port handled a total of 466, 227
tonnes of freight, of which only 52,371 tonnes was transit trade.

Of the total volume of transit trade, 46,278 tonnes was Iraqi cargo. The
second busiest destination after Iraq was Saudi Arabia, with 2,952 tonnes.
Sources in Jordan suggested that volumes of transit goods dropped 92%
between 1989 and 1999, and that the volume of goods imported and exported
through Aqaba fell by 31%.
(c) of Lloyd's of London Press Limited 2000. 

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