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Politics : Foreign Affairs Discussion Group

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To: Lou Weed who wrote (94561)	4/18/2003 2:16:45 PM
From: NickSE	Read Replies (1) of 281500

France has $8 billion+ dollars in outstanding Iraqi debt, was their largest trading partner during the UN 'oil-for-palaces' deal, and has lucrative contracts to develop their oil fields and you think they had no economic motive for opposing us?!? $2 billion in French exports to Iraq arabicnews.com The volume of French exports to Baghdad reached $2 billion dollars through the oil-for-food program, making France the largest European exporter to Iraq. Formal Iraqi statistics said that French companies received contracts worth $2.193 billion during the last stages of the oil-for-food program that were used in developing the basic infrastructure for petroleum projects, maintaining medical devices and importing medication and medical equipment. The statistics said that French companies participated in activities of the recent Baghdad International Fair with the largest wing for non-Iraqi companies, aiming at developing joint cooperation between the two countries..... ~~~~~~~~~~~~~~ Today, the French maintain an increasingly lucrative trade relationship with Iraq. The so-called “Oil for Food Program” has enabled France to secure over $3 billion in import contracts with Iraq, and a French company has contracted with Baghdad to develop Iraq’s northern oil fields when sanctions are lifted. Iraq’s known oil reserves are second only to Saudi Arabia’s in size and future profitability. citizensunited.org

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