Agreement for the Establishment of a Free Trade Zone between the Arabic Mediterranean Nations
Assistant US Trade Representative for Europe and the Mediterranean Catherine Novelli announced in Tunis on Wednesday (15 June) that the United States and Tunisia are negotiating for the establishment of a free trade agreement (FTA).
From November 4-13, 2004, a bipartisan delegation of Members of the Committee on Ways and Means of the US House of Representatives traveled to Tunisia, Jordan, Oman, and Egypt regarding trade, investment, and security issues in the region.
On the occasion of their Ministerial Meeting in Geneva on 17 December 2004, the Member States of the European Free Trade Association (EFTA) - Iceland, Liechtenstein, Norway and Switzerland - signed a Free Trade Agreement with the Republic of Tunisia.
An essential feature of the implementation of the Euro-Mediterranean Partnership has been the negotiation of Association Agreements between the European Union and nine of its Mediterranean Partners to replace the 1970s Co-operation Agreements.
Arabs have been trying for decades to establish some sort of economic cooperation between them, but without much luck.
It is not widely known that Switzerland will sign two more bilateral free trade agreements (with Lebanon and Tunisia) on the occasion of the meeting of ministers of EFTA states (Switzerland, Liechtenstein, Norway, Iceland) taking place in Montreux (Switzerland) on June 24.