Bush has made the U.S. the lapdog of the UAE. He's agreed to consider ANY trade or investment matter between the U.S. WITHIN 30 DAYS. The UAE says "Jump", The U.S. Says "How High, SIR!?!"
This Trade Agreement was signed in March of 2004!
http://www.ustr.gov/assets/Trade_Agreements/Regional/MEFTA/asset_upload_file305_3540.pdfHere is the text:
AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF
AMERICA AND THE GOVERNMENT OF THE UNITED ARAB EMIRATES
CONCERNING THE DEVELOPMENT OF TRADE AND INVESTMENT RELATIONS
The Government of the United States of America and the Government of the United Arab Emirates
(individually a "Party" and collectively the "Parties"):
1. Desiring to enhance the bonds of friendship and spirit of cooperation between the two
countries' ,
2. Desiring to promote further both countries' international trade and economic
interrelationship;
3. Recognizing the vast potential for economic cooperation and the importance of exploring
business opportunities for enterprises in each country;
4. Recognizing that both countries could deepen and broaden bilateral trade and investment
based on the complementary characteristics of their economies;
5. Recognizing the importance of fostering an open and predictable environment for
international trade and investment;
6. Recognizing the benefits to each Party resulting from increased international trade and
investment, and that trade-distorting investment measures and protectionist trade barriers
would deprive the Parties of such benefits;
7. Taking into account the membership of the two countries in the World Trade Organization
(WTO) and noting that this Agreement is without prejudice to each Party's rights and
obligations, where applicable, under the Marrakesh Agreement Establishing the WTO and
the agreements, understandings, and other instruments relating thereto or concluded under
the auspices of the WTO;
8. Acknowledging prior bilateral agreements signed by the Parties, including the Agreement
Between the United States of America and the Government of the United Arab Emirates on
Investment Guaranties signed September 29, 1991;
9. Noting that this Agreement is without prejudice to the rights and obligations of the Parties
under the agreements cited in the precedent paragraph 8;
10. Recognizing the essential role of private investment, both domestic and foreign, in furthering
growth, creating jobs, expanding trade, improying technology, and enhancing economic
development;
11. Recognizing that foreign direct investment confers positive benefits on each Party;
12. Desiring to encourage and facilitate private sector contacts between the two countries;
13. Recognizing the desirability of resolving trade and investment problems as expeditiously as
possible;
14. Recognizing the increased importance of services i~ their economies and in their bilateral
relations;
15. Taking into account the need to eliminate non-tariff barriers in order to facilitate greater
access to the markets of both countries and the mutual benefits thereof;
16. Recognizing the importance of providing adequate and effective protection and enforcement
of intellectual property rights and of membership in and adherenc~ to intellectual property
rights conventions;
17. Recognizing the importance of providing adequate and effective protection and enforcing
workers rights in accordance with each nation's own labor laws, and of working toward the
respect and promotion of internationally recognized core labor standards as reaffirmed in the
Doha Declaration;
18. Desiring to ensure that trade and environmental policies are mutually supportive in the
furtherance of sustainable development;
19. Recognizing that this Framework Agreement shall reinforce the multilateral trading system
by strengthening efforts to complete successfully the Doha Development Agenda; and
20. Considering that it would be in their mutual interest to establish a bilateral mechanism
between the Parties for encouraging the liberalization of trade and investment between them.
To this end, the Parties agree as follows:
ARTICLE ONE
The Parties affirm their desire to promote an attractive investment climate and expand trade in
products and services consistent with the terms of this Agreement. They shall take appropriate
measures to encourage and facilitate the exchange of goods and services and to secure favorable
conditions for long-term development and diversification of trade between the two countries.
ARTICLE TWO
The Parties shall establish a United States-United Arab Emirates Council on Trade and Investment
("the Council"), which shall be composed of representatives of both Parties. The side of the United
Arab Emirates will be chaired by the Ministry of Finance and Industry; and the U.S. side will be
chaired by the Office of the U.S. Trade Representative ("USTR"). Both Parties may be assisted by
officials of other government entities as circumstances require. The Council will meet at least once
a year and at such times as agreed by the two Parties.
ARTICLE THREE
The objectives of the Council are as follows:
1 To promote and enhance the economic cooperation between the Parties.
2. To monitor trade and investment relations, to identify opportunities for expanding trade and
investment, and to identify issues relevant to trade or investment that may be appropriate for
negotiation in an appropriate forum.
3. To hold consultations on specific trade and investment matters of interest to the Parties.
4. To identify and work toward the removal of impediments to trade and investment flows.
5. To seek the advice of the private sector, where appropriate, in their respective countries on
matters related to the work of the Council.
ARTICLE FOUR
Either Party may raise for consultation any trade or investment matter between the Parties. Requests
for consultation shall be accompanied by a written explanation of the subject to be discussed and
consultations shall be held within 30 days of the request, unless the requesting Party agrees to a later
date. Each Party shall endeavor to provide for an opportunity for consultations before taking actions
that could affect adversely the trade or investment interests of the other Party.
ARTICLE FIVE
This Agreement shall be without prejudice to the domestic law of either Party or the rights and
obligations of either Party under any other agreement to which it is a party.
ARTICLE SIX
This Agreement shall enter into force on the date that the Parties exchange notes stating that each
has completed the required procedures under its domestic law.
ARTICLE SEVEN
This Agreement shall remain in force unless terminated by mutual consent of the Parties or by either
Party upon six months written notice to the other Party.
IN WITNESS WHEREOF, the undersigned, being duly authorized by their respective governments,
have signed this Agreement..
DONE at Washington this 15th day of March 2004, in the English and Arabic languages, with both
texts being equally authentic.
FOR THE GOVERNMENT OF THE
UNITED STATES OF AMERICA: :
ROBERT B. ZOELLICK
UNITED STATES
TRADE REPRESENTATIVE
FOR THE GOVERNMENT OF THE
UNITED ARAB EMIRATES:
MOHAMMED KHALFAN BIN KHIRBASH
MINISTER OF STATE FOR
FINANCE & INDUSTRY