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UAE

United Arab Emirates


Trade deals to position UAE as economic hub
The UAE is negotiating eight free-trade agreements with key economic blocks that will have an impact on trade worth Dh388 billion, according to 2005 figures, and cement the country’s position as the economic hub of the Middle East.
Envoy says FTA talks to continue
The UAE and the United States have confirmed that the negotiations for a Free Trade Agreement (FTA) will continue, officials said. "The talks are not suspended. What happened is that the documentation will not be ready by the March 31 deadline," US Ambassador Michele J. Sison told Gulf News yesterday.
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. The FTA will now miss the March 31 deadline.
US, Emirates seen getting closer to free trade pact
Major sticking points still obstruct a deal, including Washington’s insistence on improvement of labourers’ rights and the country’s overall human rights record.
UAE/US free trade discussions limp on
Stop-start free trade talks between the UAE and the United States are making progress, according to the UAE Ministry of Finance and Industry. The Ministry did not comment on reports that the UAE’s record on human rights and the banning of labour unions are obstacles.
UAE weights price of trade pact with US
The United Arab Emirates is mulling whether to make political concessions to the United States in a free trade pact that has eluded both countries for nearly two years.
UAE free trade agreement with US at risk
Free trade negotiations between the United Arab Emirates (UAE) and the United States is at risk of unraveling if an agreement can not be reached next month, UAE government officials said Monday. US oil and gas exploration and development companies stand to lose billions if the Bush administration cannot work it out in time.
Indo-Arabic economic bloc mooted
The UAE has proposed an Indo-Arabic economic bloc with a view to ensure prosperity and growth over the long term for the two sides.
US-UAE free trade deal in limbo
The Bush administration needs to wrap up a deal with the UAE by late March to get it through Congress before its "trade promotion authority" expires at the end of June.
Some hope for US-UAE trade deal
A free trade deal between the US and the UAE is still possible, even though talks fell off track last year, a US business leader said.
UAE and Egypt aim to increase trade
"We do not need a free trade agreement with the UAE as there is already the Pan-Arab Free Trade Agreement (PAFTA), which we will implement," Prime Minister Dr Nadeef said. PAFTA is an agreement to establish a pan-Arab free trade area by 2008.
Dubai Chamber says Jordan is a potential market for UAE
The Dubai Chamber of Commerce and Industry (DCCI) said that Jordan is a potential market for the UAE, and the UAE could win a good chunk of Saudi Arabia’s trade with Jordan.
US: No plans to begin new trade talks
The United States has no plans to begin new bilateral free trade negotiations with other nations, and will focus on successfully concluding the four it is actively pursuing, Washington’s top trade envoy said Friday.
UAE and Japan to boost trade ties
The UAE and Japan yesterday agreed to foster their existing trade and economic relations by starting discussions on Avoidance of Double Taxation Treaty to create an enabling environment for bilateral investments.
Australia to consider free trade talks
Australia will consider negotiating a free trade agreement with several Middle Eastern countries, Deputy Prime Minister Mark Vaile said Wednesday.
Gulf trade talks may widen
THE Government will look at expanding its free trade negotiations with the United Arab Emirates to take in a deal with a much wider group of Middle Eastern nations. The member states of the Gulf Co-operation Council - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE - have asked Australia to incorporate the bilateral negotiations into a wider deal.
No political price for FTA, says UAE
The UAE is not willing to make any political concessions to secure a free trade agreement with the US, Prime Minister Shaikh Mohammed bin Rashid Al Maktoum told Asharq Al Awsat newspaper yesterday.
UAE to resist US pressure to open telecoms sector: minister
The United Arab Emirates will resist pressure in free trade talks with the United States to open its telecommunications sector to foreign investors.
No date set for next round of UAE-US free trade talks
The fifth round of free trade negotiations between the UAE and the United States ended in Abu Dhabi yesterday without agreement. The closely guarded negotiations, held amid a virtual media blackout, centred around two core issues: investment and labour laws.
UAE, US to resume FTA talks next month
The UAE and the United States will resume their Free Trade Agreement (FTA) talks in Abu Dhabi on May 9, it was revealed here yesterday.