Australian Prime Minister John Howard has held talks with officials from the United Arab Emirates on another Free Trade Agreement. The UAE has the world’s 3rd largest oil reserves.
In a meeting held recently at the Ministry of Finance and Industry (MoFI) in Dubai, the Rules of Origin National Committee agreed upon various elements including the official forms that will be adopted in the Free Trade Agreements (FTAs) that are currently under negotiation between the UAE and other countries.
Chairman of the Emirates Bank Group Ahmed Humaid Al Tayer has expressed disappointment about not involving the private sector in Free Trade Agreement (FTA) negotiations with the US, fearing it may turn out to be an ’agreement of mass destruction’ for the domestic economy.
Gulf Arab efforts to defend a customs union suffered a setback after the United Arab Emirates refused to sign an accord barring bilateral trade deals except with the United States, Gulf sources said yesterday.
The UAE and Australia will hold a second round of talks next week in Abu Dhabi to clear the way for the Free Trade Agreement (FTA) to boost trade and investment between the two countries.
Negotiations between the UAE and the US on a free trade agreement (FTA) are making progress. Two more rounds of discussions should produce the final draft of an accord, according to a senior US official.
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).
Progress towards a free trade agreement between the UAE and the US stepped up yesterday when the country’s negotiating committee met to review its position and preparations for the second round of talks, scheduled to take place in Washington DC from May 10 to 12.
Shaikha Lubna Al Qasimi, UAE Minister of Economy and Planning, yesterday urged Japan to enter into free trade negotiations with the GCC states so as to bolster its trade and investments ties with the region.
With free trade agreements, come political leverage. Realising this, the United States is moving fast to sign bilateral FTAs with Gulf countries - in the hope that Washington would be able to fill a vacuum because of the slowness of these Arab states in starting any regional trading mechanisms of their own.
Azerbaijan is planning to sign a free trade agreement (FTA) with the UAE and the rest of the Gulf countries, a top Azerbaijani government official said yesterday.
Representatives from the business and the academic segments have discussed the strong debated issue, the agreement, including real objectives behind it, probable local and regional advantages and disadvantages and the UAE’s readiness for signing such agreement.
Dr Khalid Mohammed Al Khazraji, UAE Under-Secretary of the Ministry of Labour and Social Affairs, denied reports that the country would be enacting a new labour law, stressing that the UAE Labour Law No. 8 of 1980 is undergoing several amendments. He also denied any link between the amendments under way and proposals submitted by the US delegation in the context of the US-UAE FTA negotiations.
Washington wants to sign Free Trade Agreements with every country in the Middle East - North Africa region by 2013, to promote economic and political development in line with recommendations made by the 9/11 Commission.
Australia and the United Arab Emirates agreed Tuesday to begin negotiations on a bilateral free-trade agreement (FTA) that Canberra said would be a "launchpad" for expanded business opportunities across the Middle East.
The UAE and Australia are about to begin negotiations on a free trade agreement, officials said at a press conference yesterday.
Singapore and the United Arab Emirates signed Friday an economic, trade and technical cooperation pact that could lead to the launch of negotiations for a free trade deal between the two countries, Singapore’s Trade and Industry Ministry said Friday.
The United Arab Emirates said on Monday it was not committing itself to any changes in foreign policy by entering into talks on a free trade pact with the United States. The statement followed reports that Washington would ask Abu Dhabi to drop a trade boycott of Israel during the negotiations, which kick off here on Tuesday.
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