Tuesday, January 20, 2004

Bahrain FTA

Bahrain is set to become the third Arab country (behind Jordan and Morocco) to have a free trade agreement with the US:

A high-level US delegation will be in Bahrain later this month for the first round of negotiations for a Free Trade Agreement (FTA) between the two countries.

The 30-member delegation of US government negotiators will be headed by Assistant US Trade Representative (AUSTR) Catherine Novelli.

Finance and National Economy Minister Abdulla Saif will lead the Bahrain side for the negotiations, scheduled for January 26 to 29 at the Sheraton Hotel.

Several rounds of negotiations will follow, so that a formal FTA may be signed by the end of the year, said US Embassy First Secretary-Political and Economic Affairs Gregory Hicks.

"Bahrain will then become the third Arab country after Jordan and Morocco which has an FTA with the US," he told a round table media discussion at the US Embassy yesterday.


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