VOL. XLII

No. 10

8-March-1999

IRAQ-JORDAN

Iraq And Jordan Sign Trade Protocol Valued At $200mn

Iraq and Jordan renewed their trade protocol on 27 February,which is valued at $200mn for 1999, down 22% from $255mn in 1998 due to thedrop in oil prices. The ceiling for this protocol is renewed in accordance withJordanç—´ annual oil needs. Under the Iraqi-Jordanian trade protocol, Jordanexchanges its commodities for Iraqi oil and its byproducts. In January, Iraqand Jordan agreed to renew an agreement to...