Middle East Free Trade Area: Progress Report
Abstract
On May 9, 2003, the Bush Administration proposed the establishment of a U.S. Middle East Free Trade Area (MEFTA) within a decade (by about 2013). This proposal came a year and a half after the September 11, 2001 terrorist attacks on the U.S. World Trade Center and the Pentagon. The MEFTA was billed as part of a plan to fight terrorism in this case, by supporting the growth of Middle East prosperity and democracy through trade. On June 23, 2003 the Bush Administration described a six-step process for Middle East entities to become part of that MEFTA: (1) joining the World Trade Organization; (2) possibly participating in the Generalized System of Preferences; successively entering into (3) trade investment framework agreements (TIFAs), (4) bilateral investment treaties (BITs), and (5) free trade agreements (FTA) with the United States; and (6) participating in trade capacity building.
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 08, 2005
- Accession Number
- ADA459128
Entities
People
- Mary J. Bolle
Organizations
- Library of Congress