Thursday, February 16, 2006

Canberra fury as Iraq suspends wheat deal


Given the scandal and the ongoing investigation, it seems appropriate for the Iraqui government to suspend relations, pending results of said investigation.

At least they are relying on the Australian investigation and not calling that into question, at least for the moment.

Onésimo Alvarez-Moro

See article:
Iraq yesterday angered the Australian government after it blacklisted the country's wheat pending the outcome of an official inquiry into kickbacks to Saddam Hussein's regime.

The Iraqi Grains Board took Canberra by surprise after suspending its long-standing relationship with AWB, Australia's monopoly wheat exporter, until a probe had finished into allegations it breached UN sanctions by paying A$300m (US$221m, £127m, €186m) in bribes to the Saddam government.

The decision immediately shut out Australia's wheat farmers from tendering for a 1m tonne deal worth A$200m and sent AWB shares down by 8 per cent on the Australian Stock Exchange.

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