IRAQ – US
Points to be covered • • • •
Why Iraq- US War ? Who are supporter ? Benefited Countries Business Strategies
Iraq -
• • • •
1992 war between Kuwait and Iraq Oil the key aspects of this war The US supported Kuwait One of the aims of the present US attack on Iraq is to put an end to such resistance to American economic interests
• US extracted oil with strong-arm tactics such as that used in the Kuwait-Iraq dispute • Lower prices of natural resources • Whereas Iraq worked for higher prices of oil
Reasons to support Iraq • India sails in the same boat as Iraq • E.g. The prices of our exports, such as tea, coffee, jute and rubber, have been declining while we pay ever-higher prices for hi-tech imports from the US, such as computer software, life-saving drugs and machinery • Iraq has awarded Indian companies a number of contracts under the United Nations "oil-for-food" programme, in return for India's diplomatic support
• US-is-the-big-bully • Seen from the larger good of humanity, we must oppose the US • Under the agreement, India is to supply Iraq with medicine, wheat, rice, railway equipment and turbines for electricity generations • The Indian formula is that of dharma, artha, kama, moksha • “artha” must be pursued in a way that leads to the betterment of society
Reason To Support US • India's claim for a permanent seat on the UN Security Council cannot be fulfilled without the support of the US
Benefiters • US • Organization of Petroleum Exporting Countries (OPEC) • E.g. Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela
Reason to support & Business Strategy • • • • • • • • • • • • • •
The imports of following items from India seem to be 1. Auto and watch spareparts 2. Electrical fittings 3. Ceiling fans 4. Meat 5. Paper and stationery items 6. Construction material, cement, etc. 7. Marble and Granite 8. Pharmaceutical items, 9. Imitation jewellery 10. Garments and textiles 11. Shellac 12. Ice factory machinery 13. Stainless steel utensils gaining ground at present
Business Strategy • Hope for the Indian steel industry 1 . First, by directly getting involved in Iraq's reconstruction 2. Second, by stepping in to fill the vacuum that may be created in the global market once the U.S. steel majors concentrate on Iraq