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UAE-US FTA negotiations progressing: David Welch

posted on 28/06/2006: 2272 views

Houston - US Assistant Secretary of State for Near Eastern Affairs David Welch has said negotiations between the UAE and his country for a free trade agreement were continuing and progressing.

"Reaching an agreement would take time and continuous negotiations. We hope a deal would be reached as soon as possible", the US official said. Welch said the UAE and the US were tied up by distinguished political and economic relations. "The US has developed a strong partnerships with GCC countries," he noted.

Welch was speaking to Arab journalists on the sidelines of the Arab-US Economic Forum here. He said Arab-US cooperation was in need of rebuilding confidence. "There has got to be political, economic, and social partnerships built on mutual respect and understanding," he asserted. (Emirates News Agency, WAM)


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