US-UAE FTA on ice

AME Info

United Arab Emirates

Sunday, February 18 2007

US-UAE FTA on ice

Talks between the US and the UAE over a free trade agreement have been suspended after both parties failed to agree on how the Gulf state would open up its markets to US investors and banks, reported Bloomberg.

The FTA will now miss the March 31 deadline set up by Congress for the deal to be considered under President George W. Bush’s trade negotiating authority.

source: AME Info