Middle East Free Trade Area

Middle East Free Trade Area

The U.S. MEFTA initiative started in 2003 with the purpose of creating a U.S. Middle East Free Trade Area by 2013.

The U.S. objective with this initiative has been to gradually increase trade and investment in the Middle East, and to assist the Middle East countries in implementing domestic reforms, instituting the rule of law, protecting private property rights (including intellectual property), and creating a foundation for openness, economic growth, and prosperity.

Among the stated objectives are:

*Actively supporting WTO membership of countries in the Middle East and Maghreb
*Expanding the Generalized System of Preferences (GSP's) that currently provides duty-free entry to the U.S. market for some 3,500 products from 140 developing economies
*Negotiating Trade and Investment Framework Agreements (TIFA's) that establish a framework for expanding trade and resolving outstanding disputes
*Negotiating Bilateral Investment Treaties (BIT's) with interested countries by obligating governments to treat foreign investors fairly and offering legal protection equal to domestic investors
*Negotiating comprehensive Free Trade Agreements (FTA's) with willing countries that demonstrate a commitment to economic openness and reform
*Helping to target more than $1 billion of annual U.S funding and spur partnerships with private organizations and businesses that support trade and development

U.S. - Middle East Free Trade Efforts
by U.S.
Saudi ArabiaNegotiating
Not Eligible
KuwaitNot Eligible
UAEAnnouncedNot Eligible
QatarNot Eligible
SyriaNot Eligible
IraqObserver StatusNot Eligible
Not Eligible
IranNot Eligible
Note: The Palestinian Authority participates in the U.S. — Israel FTA.

Current Agreements

US Agreements

The US currently has several bilateral free trade agreements with nations in the region.
*BHR United States-Bahrain Free Trade Agreement
*ISR US-Israel Free Trade Agreement
*JOR US-Jordan Free Trade Agreement
*MAR United States-Morocco Free Trade Agreement
*OMA US-Oman Free Trade Agreement

Middle Eastern Agreements

Additionally many potential MEFTA states are already members of the multilateral Greater Arab Free Trade Area.


Other states are members of the multilateral Arab Maghreb Union.

Potential Issues

The single largest hurdle to MEFTA is the inclusion of Israel. Additional complications exist in getting agreements between the US and nations like Iran and Syria. Complications could still exist in getting trade with Lebanon and the Palestinian Authority as long as groups such as Hamas and Hezbollah continue attacks.

Other negotiations are largely minimized due the existence of current agreements and that there is not a lot of manufacturing industry in Arab states. For the majority of Arab states the economy is dependent on Oil production. These factors mean there is little need for protective tariffs to prevent cheaper foreign goods from usurping local Companies. With little or no home industry Arab states are dependent on foreign goods for everything from Cars to household products. Governments therefore have a strong interest in eliminating tarrifs to reduce prices.

One notable exception to this rule is the production of food. While most foods may be impractical to import from the United States where the are relatively cheap, eliminating barriers of trade among Arab states may lead to decreased prices of regionally grown food and protests among farmers.

See also

* Euro-Mediterranean free trade area (EU-MEFTA)
* List of Free Trade Agreements
* List of Trade blocs
* economic integration

External links

* [http://www.ustr.gov/Trade_Agreements/Regional/MEFTA/Section_Index.html Official US MEFTA website]
* [http://www.whitehouse.gov/news/releases/2004/06/20040609-37.html White House Press Release - 09 June 2004]
* [http://fpc.state.gov/fpc/45701.htm U.S. Briefing at Department of State - 06 May 2005]
* [http://www.whitehouse.gov/news/releases/2005/10/20051017-9.html White House Press Release - 17 October 2005]

Wikimedia Foundation. 2010.

См. также в других словарях:

  • Euro-Mediterranean free trade area — The Euro Mediterranean free trade area (EU MEFTA) is based on the Barcelona Process and European Neighbourhood Policy (ENP). The Barcelona Process, developed after the Barcelona Conference in successive annual meetings, is a set of goals designed …   Wikipedia

  • Greater Arab Free Trade Area — As of 1 January 2005, the Greater Arab Free Trade Area (also referred to as GAFTA) came into existence. GAFTA is a pact made by the Arab League to achieve a complete Arab economic bloc that can compete internationally. GAFTA is relatively similar …   Wikipedia

  • Middle East economic integration — The oil industry significantly impacts the entire region, both through the wealth that it generates and through the movement of labor. Most of the countries in the region have undertaken efforts to diversify their economies in recent years,… …   Wikipedia

  • Middle East Partnership Initiative — The Middle East Partnership Initiative (MEPI) is a U.S. State Department program that supports reform efforts in the Middle East and North Africa (MENA). Founded in 2002, the program has five stated goals that it pursues in the region: Strengthen …   Wikipedia

  • Middle East — The Middle East redirects here. For other meanings, see Middle East (disambiguation). Middle East …   Wikipedia

  • Middle East Technical University — Orta Doğu Teknik Üniversitesi Motto Scientia Dux Vitae Certissimus Established November 15, 1956 …   Wikipedia

  • Middle East and North Africa: Middle Eastern and North African Affairs — ▪ 1994 Introduction       The bilateral agreement between Israel and the Palestinians for self government in parts of the Israeli occupied territories was signed by Israeli Foreign Minister Shimon Peres and Palestine Liberation Organization (PLO) …   Universalium

  • Morocco–United States Free Trade Agreement — The US Morocco Free Trade Agreement (or Morocco FTA) is a bilateral trade agreement between the United States and Morocco. The agreement was signed on June 15, 2004, followed by U.S. President George W. Bush s signing of the USMFTA Implementation …   Wikipedia

  • List of free trade agreements — This is list of free trade agreements and free trade areas between one or more countries and/or trade blocs. For a list of blocs, see trade bloc. Every customs union, trade common market and economic and monetary union has also a free trade area… …   Wikipedia

  • Oman–United States Free Trade Agreement — The U.S. Oman Free Trade Agreement is a trade pact between Oman and the United States. On November 15, 2004, the George W. Bush administration notified the U.S. Congress of its intent to sign a trade agreement with the Middle Eastern Sultanate of …   Wikipedia

Поделиться ссылкой на выделенное

Прямая ссылка:
Нажмите правой клавишей мыши и выберите «Копировать ссылку»