US and Morocco conclude FTA.* The US and Morocco have reached agreement on a comprehensive and groundbreaking Free Trade Agreement (FTA FTAabbr. Future Teachers of America ) designed to strip away barriers and facilitate trade and investment between both countries. The US-Morocco FTA is an integral part of President Bush's strategy to create a Middle East Free Trade Area 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 by 2013. The United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. currently has free trade agreements with Israel and Jordan, and launched negotiations with Bahrain early this year. This FTA not only slashes tariffs, but sets a new high standard for the protection of intellectual property rights, opens markets for services, ensures government transparency and provides effective labour and environmental enforcement. American workers, consumers, investors and farmers will enjoy preferential pref·er·en·tial adj. 1. Of, relating to, or giving advantage or preference: preferential treatment. 2. access to Morocco's $11bn import market, lying at the crossroads of Africa, Europe and the Middle East. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion