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.
Turkey and Syria signed a free trade agreement on Wednesday and discussed how to keep Iraq united and stable despite the violence sweeping their neighbor.
After spending years negotiating FTAs with the US, Europe and fellow Arab countries, Jordan is determined to gain a competitive advantage for Jordanian industries in world markets. And Washington appears eager to help them achieve success.
The U.S-Jordan FTA is a “first” FTA in two ways. It is the first FTA to be ever concluded with an Arab country. It is also the first FTA to include labor and environment within the text of the FTA itself.
US Trade Representative Robert B. Zoellick today announced the Administration's intent to negotiate Free Trade Agreements with the United Arab Emirates (UAE) and Oman.
A new trade promotion group -- the US Middle East Free Trade Coalition (USMEFTA) -- has been created to "expand free trade between the US and the Middle East and to encourage economic development, transparent and accountable governance, and enhanced prospects for the people of the Middle East region."
Members of the US congress expect that a free trade agreement will be signed between the USA and Qatar within one year. Qatar will provide the USA liquid natural gas and will attract direct American investments. However, Washington will set several preconditions before opening the door.
Turkey was searching possibilities to sign a free trade agreement (FTA) with Bahrain, which was getting prepared to sign one with the United States, Turkish Finance Minister said on Thursday.