The new body will work to fully open region’s markets to American firms.
The Office of the US Trade Representative (USTR) has engaged in intensive negotiations with a number of Arab countries to develop bilateral trade agreements which it intends to knit together into a Middle East Free Trade Area by 2013.
The United States said on Thursday that it is pleased with the progress made in this week’s trade negotiations with the United Arab Emirates (UAE).
US Trade Representative Rob Portman, now in his second week on the job, faces numerous challenges as he seeks to build support at home and abroad for an ambitious US trade agenda, observers say.
The Bush administration’s plan: to negotiate a series of trade agreements that would eventually fuse one of the world’s most economically and politically unstable regions into a giant free-trade zone.
After several years of being blocked, the signing of the EU-GCC FTA seems imminent. At the same time, the US is launching an ambitious proposal for a US-Middle East Free Trade Area in 2013, with Bahrain being the last country to adhere to a list that already includes Morocco and Jordan.
The Bush administration in its second term is continuing its drive for closer economic ties with the Middle East, restarting trade-related talks with Egypt this week and formally opening free-trade agreement negotiations with Oman and the United Arab Emirates next month.
Since the Bush Administration first announced its trade initiative, it has made
substantial progress in working with MEFTA entities to develop TIFAs, BITs, and
Morocco’s parliament approved a free-trade accord (FTA) with the United States, paving the way for its implementation in two months and bringing Washington closer to its goal of sealing a free trade agreement covering most of the Middle East and North Africa by 2013.
The purpose of this article is to give an account of the history and some provisions of the US-Jordan Free Trade Agreement and assess the extent to which the FTA provides a viable “model” to the proposed US-Middle East Free Trade Agreement.
The US-Bahrain deal undermines the GCC (Gulf Cooperation Council) as a collective body.
A free trade deal between the United States and the tiny Persian Gulf Kingdom of Bahrain is causing friction with other Arab states, which say the pact could weaken their economic bloc ahead of future trade talks with Washington.
After spending years negotiating FTAs with the US, Europe and fellow Arab countries, Jordan is determined to gain a competitive advantage for Jordanian industries in world markets. And Washington appears eager to help them achieve success.
Over the past year, the George W. Bush administration has prepared a comprehensive political and economic reform initiative aimed at promoting democracy in the Middle East.
A new trade promotion group — the US Middle East Free Trade Coalition (USMEFTA) — has been created to "expand free trade between the US and the Middle East and to encourage economic development, transparent and accountable governance, and enhanced prospects for the people of the Middle East region."
UAE will have to change its labour code to meet international labour laws, revise the agency law and investment / sponsorship rules in order to sign a Free Trade Agreement (FTA) with the US, according to US Trade Representative Robert Zoellick.
Major US corporations are joining forces to lobby for a US-Middle East Free Trade Agreement (MEFTA) that President George W Bush proposed in 2003.
Excerpts of the testimony by Alan P. Larson, Under Secretary of State for Economic, Business, and Agricultural Affairs, presented to the Senate Finance Committee on March 10, 2004.
The United States and the Gulf state of Oman July 7 signed an agreement aimed at promoting bilateral trade and investment and agreed to begin free trade negotiations later this year.
While US forces bombed, murdered and maimed their way to "freedom" and "democracy" in Falluja and across Iraq, George Bush reiterated his vision for the Middle East to the US public on April 13th, 2004