NO. 12/13

26-DEC-1988/2 JAN1989


Brazil Fails to Win $900mn Car Deal with Iraq

Negotiations in Baghdad earlier this month between Brazilian Trade andIndustry Minister, Mr. Roberto Cardeso Elves, and Iraqi officials failed tosecure an approximately $900mn contract for the supply of 100,000 BrazilianVolkswagen cars and spare parts for a fleet of 160,000 vehicles. Differencesover prices of the cars and demands by Brazilian companies operating in Iraq forextra payments to cover higher...