The United Arab Emirates Ministry of Finance and Industry has contracted an international consultancy firm, Maxwell Stamp, to undertake an impact analysis of the effects a US-UAE Free Trade Agreement (FTA) on the local economy.
After picking South Korea, India, Malaysia, New Zealand and Egypt as potential FTA partners, the National Association of Manufacturers of America (NAM) will soon recommend the Bush administration and US lawmakers to seek free trade accords with the countries.
Banking liberalisation under the Thai-US free trade agreement will affect not only local banks, but also debtors, according to Twatchai Yongkittikul, the secretary-general of the Thai Bankers' Association.
In his first address as chairman of the American Chamber of Commerce in Korea, Wayne Chumley said yesterday that the United States and Korea needed to make progress on a free trade agreement this year.
The United Arab Emirates and Oman must make new efforts to qualify for proposed free trade pacts with the United States, a US official said on Friday in response to objections raised by labour groups.
Now that Trade Representative Robert Zoellick is moving to the State Department as Condoleezza Rice's deputy, U.S. trade policy may see a shift from small bilateral pacts back to big, sweeping multilateral trade agreements.
As a Gulf Cooperation Council (GCC) citizen, it is extremely disappointing to note that the controversy surrounding Saudi Arabia's objections to the Bahrain-US free trade agreement (FTA) is threatening the future of the GCC economic integration.
The United States and Egypt are studying the possibility of opening talks for Free Trade Agreement (FTA) in 2005, a U.S. Trade Representative release said.