“We applaud the vision of the Bush Administration in its call for a Middle East Free Trade Area,” said NFTC President Bill Reinsch. “Clearly there will be significant hurdles to overcome, but we believe that in the long-term, this is the right thing to do. If successful, increased trade will lift the region’s economy, greatly improve
The Bush proposal foresees a 10-year effort in which the pact would be negotiated. Currently, the
“The recently enacted Jordan FTA has already achieved some very positive results, and has certainly helped solidify a strong U.S.- Jordanian relationship. It is reasonable to believe that improving economic ties with other Middle Eastern nations can help produce the same results,” Reinsch concluded.
The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves 350 member companies through its offices in