The United Arab Emirates so far has an FTA with Morocco and is currently in negotiations or explorations with Australia, Azerbaijan, Japan, New Zealand and the US, Australia and New Zealand.the US. It is also member of GAFTA.
last update: May 2012
Photo: IsraelMFA/CC BY-NC 2.0
Recently, Free Trade Agreements (FTAs) negotiations are being held between the GCC countries and the USA. Being crucial sectors in these countries’ economies, the banking and financial sectors are being considered for liberalisation in the context of these FTAs.
In a meeting held recently at the Ministry of Finance and Industry (MoFI) in Dubai, the Rules of Origin National Committee agreed upon various elements including the official forms that will be adopted in the Free Trade Agreements (FTAs) that are currently under negotiation between the UAE and other countries.
Gulf Arab efforts to defend a customs union suffered a setback after the United Arab Emirates refused to sign an accord barring bilateral trade deals except with the United States, Gulf sources said yesterday.
The UAE and Australia will hold a second round of talks next week in Abu Dhabi to clear the way for the Free Trade Agreement (FTA) to boost trade and investment between the two countries.
Azerbaijan is planning to sign a free trade agreement (FTA) with the UAE and the rest of the Gulf countries, a top Azerbaijani government official said yesterday.
Australia and the United Arab Emirates agreed Tuesday to begin negotiations on a bilateral free-trade agreement (FTA) that Canberra said would be a "launchpad" for expanded business opportunities across the Middle East.
The UAE and Australia are about to begin negotiations on a free trade agreement, officials said at a press conference yesterday.
The United Arab Emirates said on Monday it was not committing itself to any changes in foreign policy by entering into talks on a free trade pact with the United States. The statement followed reports that Washington would ask Abu Dhabi to drop a trade boycott of Israel during the negotiations, which kick off here on Tuesday.
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Though the negotiations for a free trade agreement (FTA) between the UAE and the United States will take place from March 8, the banking and financial sectors has told the Central Bank of the UAE about its desire for more liberalisation.