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U.S.–Middle East Free Trade Area
Bush-era tariff agreement proposal From Wikipedia, the free encyclopedia
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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.
This article needs to be updated. (February 2017) |
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:

- Actively supporting WTO membership of countries in the Middle East and Maghreb
- Expanding the Generalized System of Preferences 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
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Active agreements
US agreements
The United States currently has several bilateral free trade agreements with nations in the region.
Middle Eastern agreements
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:
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See also
References
External links
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