U.S., Bahrain Reach Free-Trade Pact

Jan. 13, 2005
By Agence France-Presse The United States and Bahrain struck a free-trade agreement (FTA) May 27 after four months of negotiations, prompting cheers from business leaders. U.S. Trade Representative Robert Zoellick and Bahrain Finance and Economy ...
By Agence France-Presse The United States and Bahrain struck a free-trade agreement (FTA) May 27 after four months of negotiations, prompting cheers from business leaders. U.S. Trade Representative Robert Zoellick and Bahrain Finance and Economy Minister Abdullah Seif announced the deal, which must still be approved by the U.S. Congress. "This free-trade agreement provides the essential tools that will fortify our two nations' political, economic, cultural and strategic relationships," Seif said in a statement. Seif said the deal would help the United States in its effort to create a free-trade zone in the Gulf region. The two sides decided to pursue a free-trade agreement one year ago. Negotiations began on Jan. 26 this year. "This agreement with longtime U.S. ally Bahrain will open many doors to the entire Middle East region," said U.S.-Bahrain FTA Coalition member William Rice. According to the business lobby group, the deal would provide duty-free access to all trade in non-textiles industrial goods, all of Bahrain's agricultural exports and 98% of U.S. agricultural exports. Copyright Agence France-Presse, 2004

Popular Sponsored Recommendations

Navigating Disruption: A Leader’s Guide to Strategy Under Uncertainty

Nov. 1, 2023
AI, sustainability, digital--industrials are facing disruptive forces that are redefining what it takes to win. What got your company where it is today won’t get you where you...

7 Crucial Steps to Improve Your OT Security

Oct. 23, 2023
Enhance OT security in manufacturing and production. Uncover the crucial steps to safeguard your operational technology. Protect against evolving threats and bridge the IT-OT ...

The Ultimate Ecommerce Excellence Checklist

Oct. 2, 2023
Scaling ecommerce operations is no easy task when your business is moving fast. Assess your current ecommerce maturity level and set optimization priorities with this practical...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!