S E C T I O N S

Economic Ties

Facts on How Germany Benefits From
Keeping Saddam Hussein In Power
 By: The Heritage Foundation Web Memo #2, 17 February 28, 2003
(
http://www.heritage.org/Research/Features/images/icon_print.gif)

Direct trade between Germany and Iraq amounts to about $350 million annually, and another $1 billion is reportedly sold through third parties.

It has recently been reported that Saddam Hussein has ordered Iraqi domestic businesses to show preference to German companies as a reward for Germany's "firm positive stand in rejecting the launching of a military attack against Iraq." It was also reported that over 101 German companies were present at the Baghdad Annual exposition.

During the 35th Annual Baghdad International Fair in November 2002, a German company signed a contract for $80 million for 5,000 cars and spare parts.

In 2002, DaimlerChrysler was awarded over $13 million in contracts for German trucks and spare parts.

German officials are investigating a German corporation accused of illegally channeling weapons to Iraq via Jordan. The equipment in question is used for boring the barrels of large cannons and is allegedly intended for Saddam Hussein's Al Fao Supercannon project.

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