Barron's on the Costs of War

Ian Murray seamus2001 at attbi.com
Mon Mar 31 19:13:26 PST 2003


----- Original Message ----- From: "Timothy Francis-Wright" <twright at ziplink.net>


> Now this is a coalition of the billing!
>
> --tim f-w
>
> http://www.forbes.com/business/newswire/2003/03/27/rtr922614.html
>
> LONDON (Reuters, 27 March 2003) - The war in Iraq is still
> only days old, but already companies are positioning to grab
> contracts to rebuild the country.
>

================================

The US would be fully in compliance with the WTO in hoarding-disbursing all the contracts to US capital [cross-border ownership issues aside]. Chances are they may rather use the below to extract concessions from the EU for furthering the tilt of the Doha Round.........

Article XXI of the GATT:

Article XXI Security Exceptions

1. Nothing in this Agreement shall be construed:

(a) to require any contracting party to furnish any information the disclosure of which it considers contrary to its essential security interests; or

(b) to prevent any contracting party from taking any action which it considers necessary for the protection of its essential security interests

(i) relating to fissionable materials or the materials from which they are derived;

(ii) relating to the traffic in arms, ammunition and implements of war and to such traffic in other goods and materials as is carried on directly or indirectly for the purpose of supplying a military establishment;

(iii) taken in time of war or other emergency in international relations; or

(c) to prevent any contracting party from taking any action in pursuance of its obligations under the United Nations Charter for the maintenance of international peace and security.



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