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Baghdad – Fincantieri-Iraqi Government agreement

Agreement reached with help of Italian Embassy after years of deadlock

Fincantieri has signed a “Settlement Agreement” with the Iraqi Government that includes modernisation works and the delivery of two corvettes, as well as other new orders. Negotiations had run aground after years of disputes and were opened again in March 2013 with the help of the Italian Embassy in Baghdad.

Italy and Iraq also have an important partnership focusing on strategic infrastructure for the port of Al Faw, which will be an important new hub for European trade with Asia.Read more, in Italian.