Office of the United States Trade Representative (USTR) stated that USTR agrees for Free Trade Agreement (FTA) with Bahrain.
USTR Rob Portman statement: "I applaud the House's overwhelming passage of 327 to 95 of the U.S.-Bahrain Free Trade Agreement. The United States will gain much from this new economic partnership - the U.S.-Bahrain Free Trade Agreement will create jobs and economic growth here at home and promote democracy, prosperity, and hope in the Middle East.
"On the first day that the U.S.-Bahrain Free Trade Agreement goes into effect, 100 percent of the two-way trade in industrial and consumer products will be without tariffs. U.S. farmers will also find additional opportunities, especially in meats, fruits and vegetables, cereals, and dairy products."
"In addition, Bahrain has made broad commitments to open its services market wider than has any previous FTA partner, creating a wide array of opportunities in services sectors such as banking and securities, insurance, and telecommunications, audiovisual, express delivery, distribution, healthcare, architecture and engineering.
"This free trade agreement with Bahrain, our first with a Gulf country and our third with an Arab country, signals our commitment to deepening America's relationship with the Middle East region. It is another major step forward in implementing President Bush's plan for a Middle East Free Trade Area, building on our existing agreements with Israel, Jordan and Morocco, as well as our recently-concluded FTA with Oman. And we look forward to entering into an FTA with others in the region in the near future.
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