U.S.–Middle East Free Trade Area
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The U.S.–MEFTA initiative started in 2003 with the purpose of creating a U.S.–Middle East Free Trade Area by 2013.
The U.S. objective with this initiative has been to gradually increase trade and investment in the Middle East, and to assist the Middle East countries in implementing domestic reforms, instituting the rule of law, protecting private property rights (including intellectual property), and creating a foundation for openness, economic growth, and prosperity.
Among the stated objectives are:
![](http://upload.wikimedia.org/wikipedia/commons/thumb/5/59/MEFTA_15112004.png/220px-MEFTA_15112004.png)
- Actively supporting WTO membership of countries in the Middle East and Maghreb
- Expanding the Generalized System of Preferencess that currently provides duty-free entry to the U.S. market for some 3,500 products from 140 developing economies
- Negotiating Trade and Investment Framework Agreements that establish a framework for expanding trade and resolving outstanding disputes
- Negotiating bilateral investment treaties with interested countries by obligating governments to treat foreign investors fairly and offering legal protection equal to domestic investors
- Negotiating comprehensive free trade agreements with willing countries that demonstrate a commitment to economic openness and reform
- Helping to target more than $1 billion of annual U.S. funding and spur partnerships with private organizations and businesses that support trade and development
Country | FTA | TIFA | BIT | WTO | GSP |
---|---|---|---|---|---|
Israel | ![]() | ![]() | ![]() | ![]() | |
Jordan | ![]() | ![]() | ![]() | ![]() | ![]() |
Morocco | ![]() | ![]() | ![]() | ![]() | ![]() |
Bahrain | ![]() | ![]() | ![]() | ![]() | ![]() |
Egypt | ![]() | ![]() | ![]() | ![]() | |
Lebanon | Negotiating Accession | ![]() | |||
Algeria | ![]() | Negotiating Accession | ![]() | ||
Tunisia | ![]() | ![]() | ![]() | ![]() | |
Saudi Arabia | ![]() | ![]() | Not Eligible | ||
Oman | ![]() | ![]() | ![]() | ![]() | |
Kuwait | ![]() | ![]() | Not Eligible | ||
UAE | Announced | ![]() | ![]() | Not Eligible | |
Yemen | ![]() | Negotiating Accession | ![]() | ||
Qatar | ![]() | ![]() | Not Eligible | ||
Syria | Not Eligible | ||||
Iraq | ![]() | Observer Status | Not Eligible | ||
Libya | Negotiating Accession | Not Eligible | |||
Iran | Not Eligible | ||||
Note: The Palestinian Authority participates in the U.S.–Israel FTA. |
Active agreements
[edit]US agreements
[edit]The United States currently has several bilateral free trade agreements with nations in the region.
Bahrain Bahrain–United States Free Trade Agreement
Jordan Jordan–United States Free Trade Agreement
Morocco Morocco–United States Free Trade Agreement
Oman Oman–United States Free Trade Agreement
Israel Israel-United States Free Trade Agreement
Middle Eastern agreements
[edit]Additionally many potential MEFTA states are already members of the multilateral Greater Arab Free Trade Area.
Algeria
Bahrain
Egypt
Iraq
Jordan
Kuwait
Lebanon
Libya
Morocco
Oman
Palestine
Qatar
Saudi Arabia
Sudan
Syria
Tunisia
United Arab Emirates
Yemen
Other states are members of the multilateral Arab Maghreb Union.
The following, expected to constitute MEFTA,[1] are not members of existing Middle Eastern agreements:
See also
[edit]- Greater Middle East
- Middle East Partnership Initiative
- Lists of free trade agreements
- List of trade blocs
- Middle East economic integration
References
[edit]- ^ Staff, "Middle East Free Trade Area: Progress Report", Congressional Research Service, 1 June 2006