ECONOMIC NOTES FROM SOUTH IRAQ

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R000100260008-8
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 1
• Document Creation Date: November 9, 2016
• Document Release Date: April 15, 1999
• Sequence Number: 8
• Publication Date: September 6, 1946
• Content Type: IR

Approved
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ase 1999/09/08 :CIA-RDP82-00457RQ1?O2
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8~3~JEC.''~' ~cone~nic l~ntes ~ro~ ~eruth
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t3ir+e~~ ei C?e~lrai ?~t -. ?.-s?~~ #u tt~
~ev'c~.v ~at~. ~.,~
].~ T~h~ ret~:at o~ thta ~Aood. ,tern h~~s x~2~.e~ed ~,~ p3.i~ht oi' the ~.c~or3
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erez~s in th~a south p~"~`~-~'~ i~h~ ?~~.~t~s o~ the i'~u~d ~rh.~.cha sae
szabscribed ~rar 1"~.ocad re~.iQi' ~nsidea~ci t~aafi~ thy- no 1crn,~r ~ bead
to spexaa~ ox~ to account ~'or 'L'h~.~s msrr~.e~a theme are no s3~ns t and
tha%ng in ttze ~'a~ ot` x?e~.ie~ has been givc~~
`the ~ce~s~, ~?a~ge increase ~ran#?,ed bar tlaa ~a.~ ~etrc~~.e Ctpan~r to ~.
Kirloxl~ ~- hae ode veal litt~l.e st3.r 3n the r3outhe~ aka
e ~a~ain 03.]. Gcrmpar~r has foi~.ed suit oix a couxztr~ .de baa~.s, and
it is alffiQSt car~~.n that othe~? ccrmta~rc3.~1 cr~nt~rns .~, have to c3? the
eaFra~ in Basrs.~ ~'t o~ the argument a~ai~st the nece.ts3ty? e~f snch a
ra:R.se in Basra. is that most of the co~psx~.as thex?e pr~-v':-.de housing i'or
thc~ er~~aloeex a ~r~ct ~Yaich was sine off' the ~a.seu i'ox~ the .kottt i~ Sirkts~C~
3~ ~'he ~~.~ p ~a~.se has had a disastrous e~~'eot, an pri~s~ not only- 3n
ghat tax, but ~.,ae~Y~x*e, i'ovd anc~ hosing costs are on the iucrease~
At p~sent szagar on the cep?n zket costs ~. per lb~ in. ~asra,~ and.
tea;v costs 74G~ per ~i1.o, the px?ice of surer has iess e~~e in ?~hat
~'C3g, ozz than xx1 atherb, because dstes are ?~.seld for sr~eterain~r but tkte
~rx?ice of tea. is disastrous,
~S~ Tha ,~mera~ic-Iraqi Shi.pp~i.ng Gcxnpan~, asga~n~: ~'ar the ~'a~~xxian shipping C~o~pany~
is ic~a.ng tv c~s~a~blish agencies in tha Gulf area, but is having troub3.e
in so do~.nga as the ~itory hoe long bean cantx~c+l.led bar iGhe ~lritish
agents C~x?aar~, l~ac3cen pie ~ Coy ~td?
The aut~aobi~.e market iaa ~3a~ra ~.s ~'ub~act to controlled pr~.tes ~hx..ch~. however,
appe,~ to be aasi~',y' evaded. b;~ tk~ s~sfia opt' se~.lirig a to a c? a ent at
the caratx~tr~.].~ px'~.cae*s~ . after ~hxch the client ~loa~ro it to a ~i
end
.
or a
~^~.at:i.~re at an exhoz?bi.~xat px~ic~4 ~s an ~axat~ple~, sourc~a c~.ted that of a
car ~shi.t;h sold at the controZ~.pd px~.ce cai' cost plus ~~~ import duty-
plus xt~ proi'it, and ~rhich was ~loancdn on thc~ i'a~~.3o~.aag da~? to a Mend off'
the buyer ~'ax~ ~20a'?: the deal..~r}s pr3.ce on tho caz* ~aa ~50a
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Foir~f~leas~
1 09/0
~l~YSSL
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