Yemen, U.S. planning free trade [Archives:2004/794/Business & Economy]

November 29 2004

The UPI has reported that Yemen and the United States of America are preparing a plan to start a free trade zone between the two countries. According to official Yemeni sources, the main aim of this zone is to enhance bilateral economic cooperation.
Nabil Sheyban, director general of the International Cooperation Department in the Yemeni government told UPA that the agreement is expected in the near future when Yemeni and American Trade and Investment Council members will meet.
If an agreement is made, Yemen would then be the second Middle Eastern and Arab country to have a free trade zone with the United States. Bahrain agreed to be one earlier.
“We hope the U.S.-Yemeni Trade and Investment Council will be able to boost trade and investment relations between the two countries,” Sheyban added.