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UAE-US free trade talks make progress

posted on 13/02/2007: 2263 views


Free Trade Talks between the UAE and the United States have achieved progress in many aspects, notably in the areas of standards, environment, e-commerce, penetration to markets and copyrights.



According to a statement issued Monday by the Ministry of Finance and Industry, the two sides will build on the progress made so far to clear the rest of the hurdles.



"The two sides have agreed to redouble efforts to resolve the outstanding issues, notably issues related to digital economy and other issues that are still impeding the smooth flow of trade between the two countries", the statement said.



UAE and US officials met in London on Feb. 9th, to review the progress by the various negotiation teams. At the end of the meeting, the two sides renewed their commitment to expedite the talks with the view of ultimately reaching a free trade agreement and, eventually creation of a free trade zone. (Emirates News Agency, WAM)

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