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The US House of Representatives narrowly approved the Central American Free Trade Agreement early Thursday, a personal triumph for President Bush.
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.
In a showdown that could be a defining moment in President Bush's second term, Congress is preparing to vote this week on the proposed Central American Free Trade Agreement (CAFTA). And all eyes are on two Republican congressmen from Minnesota.
While the Andean trade talks drew little attention in the United States, several hundred negotiators, business advisors, lawmakers and journalists from the three Latin American countries came to Miami, a sign of just how important these negotiations are in the region.
The United States, Colombia, Ecuador and Peru have agreed on what the customs procedures and competition policy should be in their proposed free-trade area, but thorny issues such as agriculture still remain before the deal can be finished, negotiators for the countries said Friday.
The prospects for an Egypt-US free trade agreement came into question last week with US Deputy Secretary of State Robert Zoellick's visit to Cairo.
Saudi Arabia will sign a trade agreement with the United States in the next two days to pave the ground for entering the World Trade Organization.
The battle over a free trade agreement with Central America spilled over Tuesday in Miami to the Andean nations of South America.
Trade talks with three Andean countries get underway in downtown Miami, but for free-trade supporters the key issue in town is still the Congressional vote on the Central American Free Trade Agreement.
Despite a list of reforms enacted in the last six months, Egypt seems no closer to a free-trade deal with the United States as the current ambassador heads back to Washington for a high-powered new post.
