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170 Egyptian Companies to Attend Baghdad International Fair
Some 170 Egyptian companies are expected to take part in the annual Baghdad International Fair (BIF) to be held next Thursday, the official Iraqi News Agency (INA) said on Sunday.
Meanwhile, a large Egyptian delegation of business people and industrialists will visit Iraq and attend the opening ceremony of the fair, Sueilam al-Sibaee, director of the Egyptian pavilion at the BIF, was quoted as saying.
The Egyptian companies have booked an area of 1,500 square meters for indoor display and 800 square meters for open-air exhibition at the BIF to display products covering foodstuff, medical, electronic and car industries, said Sibaee.
The large number of Egyptian companies to attend the fair " reflects the sincere desire of Egyptian companies to activate ties with the Iraqi side in a way to serve common interests of the two brotherly countries," Sibaee said.
During his visit to Cairo in January, Iraqi Vice President Taha Yassin Ramadan signed a free trade agreement with Egypt, the first such agreement in the Arab world.
Bilateral trade exchange, under the United Nations oil-for-food program, has exceeded 3 billion U.S. dollars and Egypt has become Iraq's largest trade partner in the Arab world.
The oil-for-food deal, launched in 1996, allows sanctions-hit Iraq to sell oil in return for U.N.-monitored imports of food, medicine and other essentials to offset the impact of the 11-year- old stringent sanctions, triggered by Iraq's 1990 invasion of Kuwait.
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