UN Sanctions still in effect
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UN Sanctions still in effect
Shilo Sat Mar 27, 2010 12:01 pm
Iraq is one of the richest countries in the world in terms of natural resources, and yet it suffers from a dismal economy with an unemployment rate of up to 18 per cent.
The country's economy slipped under Saddam Hussein's long rule and nose-dived further in the anarchic years that followed the US-led invasion in 2003.
But even now, despite much optimism over a stable democratic future in Iraq, several UN trade sanctions applied in the early 1990's during Hussein's reign - are still in effect.
And they are costing the country tens of billions of dollars in lost trade every year.
AL Jazeera's Kristen Saloomey reports from Baghdad.
http://english.aljazeera.net/news/mi...342747157.html
The country's economy slipped under Saddam Hussein's long rule and nose-dived further in the anarchic years that followed the US-led invasion in 2003.
But even now, despite much optimism over a stable democratic future in Iraq, several UN trade sanctions applied in the early 1990's during Hussein's reign - are still in effect.
And they are costing the country tens of billions of dollars in lost trade every year.
AL Jazeera's Kristen Saloomey reports from Baghdad.
http://english.aljazeera.net/news/mi...342747157.html
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