JERUSALEM (May. 27)
A large Iraqi firm has reportedly approached Israel with the knowledge of the Baghdad authorities to explore trade possibilities with the Jewish state.
Contacts were made through the Israel-Arab Friendship Association in order to pave the way for the imports of large quantities of Israeli food products, medicines and car parts in exchange for Iraqi fuel, Israel Radio reported Tuesday.
Israeli officials were examining whether such a deal would be possible under the terms of United Nations regulations that allow Baghdad to sell limited amounts of oil in exchange for necessary food and medical supplies, according to Israel Radio.