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Egypt-US talks on FTA start next year

Egypt Election Daily News

May 28, 2005

Egypt-US Talks on FTA Start Next Year

Egypt-US negotiations on setting up a free trade area will probably start early next year when the US administration and Congress finishes negotiations with some countries in Central America, US economic sources said.

The sources described the proposed agreement in this concern as useful for the two parties and is considered one of the best ways to push forward development in Egypt which enjoys a strategically location and is a pivotal country in the Middle East.

The sources indicated that if the US really wants reforms in the area, it must help and it is better to begin with Egypt for its rational and moderate stances.