In 2004, the United States signed a Trade and Investment Framework Agreement (TIFA) with the United Arab Emirates (United Arab Emirates) to create a formal framework for dialogue on economic reform and trade liberalization. TTIFA promotes the introduction of legal protection for investors, improved protection of intellectual property rights, more transparent and efficient customs procedures, and greater transparency of national and trade regulations. This process allows the U.S. government to identify potential partners for further trade cooperation, such as for example. Β Free Trade Agreements (FTA). Under the Greater Arab Free Trade Area Agreement (GAFTA), the United Arab Emirates has access to free trade with Saudi Arabia, Kuwait, Bahrain, Qatar, Oman, Jordan, Egypt, Iraq, Lebanon, Morocco, Tunisia, Palestine, Syria, Libya and Yemen In addition, many potential MEFTA countries are already members of the Greater Arab Multilateral Free Trade Area. The first step is for the United States to cooperate closely with peaceful nations that wish to become members of the World Trade Organization (WTO) in order to facilitate their membership in that body. THE USTR continued to work with trading partners in the region to implement the MEFTA initiative. In early 2007, the United States and the United Arab Emirates decided that the time was not right for bilateral FTA negotiations and have since attempted to improve trade and investment through a “TIFA Plus” process; the first meeting of this new format was held in June 2007. Other countries are members of the Multilateral Arab Maghreb Union.
The bilateral and multilateral agreements to which this country is subject, including with the United States, are not members of the bilateral and multilateral agreements that should constitute MEFTA[1]. Contains websites and other resources for U.S. companies to get more information on how to use these agreements. The United States currently has several bilateral free trade agreements with nations in the region. The main obstacle to MEFTA is Israel`s involvement….