House Resolution Introduced on U.S. Entering into FTA Talks with Egypt
On November 18, 2011, House Rules Committee Chairman David Dreier (R-CA) and Representative Gregory Meeks (D-NY) introduced a resolution expressing the sense of the House of Representatives that the U.S. should initiate negotiations to enter into a free trade agreement…
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with Egypt. (H. Res. 472). Among other things, the Resolution states that engagement with Egypt through trade negotiations would encourage greater reform and build its capacity to modernize and liberalize its economy and that Egypt is already an important trading partner for the U.S., accounting for over $9 billion in two-way trade in 2010 and representing the fourth largest destination for U.S. corn and wheat exports.