A $1 billion lawsuit between Tecom Investments and a US company could hinder free trade talks between the US and the UAE, a US Congressional document shows.
Emirates Business 24/7
The UAE has taken a second route to an FTA with the US after failing to meet the time frame originally established by the Trade Promotion Authority granted by Congress: the Tifa-Plus (Trade and Investment Framework Agreement) process, which provides a framework for further discussions on the FTA and on short-term issues.
Negotiations for a free trade agreement between the US and the UAE will not be resumed under the current US administration, according to the US Trade Representative office
Gulf Daily News
US trade officials said yesterday they would not finish free trade talks with the UAE by a deadline at the end of this month. Investment is one issue that negotiators have failed to find agreement on.