U.S. to Enter into Free Trade Agreement Negotiations with Oman
The President today formally notified Congress that the U.S. intends to commence Free Trade Agreement (FTA) negotiations with the Sultanate of Oman. The President's message to Congress indicated that the FTA will "will generate export opportunities for U.S. companies, farmers, and ranchers, help create jobs in the United States, and help American consumers save money while offering them more choices. Entering into an FTA with Oman will build on the FTAs that we already have with Israel, Jordan, and Morocco, as well as the FTA that we have concluded with Bahrain, and will be an important step on the path to fulfilling my vision of developing economic growth and democracy in the Middle East and creating a U.S. Middle East Free Trade Area (MEFTA) by 2013."