The five largest import categories in 2008 were: Mineral Fuel and Oil (crude) ($108.7 billion), Precious Stones ($10.3 billion), Pharmaceutical products ($3.7 billion), Electrical Machinery ($1.7 billion), and Machinery ($1.5 billion). imports from the MENA countries account for 6.6 percent of overall U.S. goods imports from the MENA countries totaled $138.6 billion in 2008, a 35.7 percent increase ($36.5 billion) over 2006. The MENA countries, together, would rank 5th as the largest supplier of imports to the United States in 2008. export markets in the MENA countries for 2008 were: United Arab Emirates ($15.7 billion), Israel ($14.5 billion), Saudi Arabia ($12.5 billion), Egypt ($6.0 billion), and Qatar ($3.1 billion). The top export categories (2-digit HS) in 2008 were: Machinery ($12.3 billion), Vehicles ($10.4 billion), Aircraft ($8.4 billion), Precious Stones (mostly diamonds, gold) ($6.9 billion), and Electrical Machinery ($4.5 billion). exports to the MENA countries account for 5.1 percent of overall U.S. goods exports to the MENA countries in 2008 were $66.8 billion, up 20 percent ($11.2 billion) from 2007. The MENA countries, together, would rank 4th as an export market for the United States in 2008. goods trade deficit with the MENA countries was $72 billion in 2008. Goods exports totaled $67 billion Imports totaled $139 billion. The United States had $215 billion in total (two ways) goods trade with MENA countries during 2008. Statement by the Deauville Partnership with Arab Countries in Transition on Open International Investment exports as well as assisting in the development of intra-regional economic ties.įor details of trade and investment relations with Iraq and Iran click here.ĬHAIRS’ STATEMENT BY JORDAN AND THE UNITED STATES ON THE APRIL 11 – 12, 2012 MEETING OF THE DEAUVILLE PARTNERSHIP WITH ARAB COUNTRIES IN TRANSITION: INTEGRATION PILLARĪpril 12, 2012: Agreed Summary from Initial Meeting on Building a New Trade & Investment Partnership trade and investment policy dialogues with these governments, dialogues which are aimed at increasing U.S. Free Trade Agreements (FTAs) with Jordan, Israel, Morocco, Bahrain and Oman, along with Trade and Investment Framework Agreements (TIFAs) with many other MENA countries provide the context for U.S. goals of peace and stability in the MENA region. Particularly in the wake of dramatic recent developments in a number of countries, economic development supported through enhanced trade and investment ties can advance U.S. The United States' trade and investment relations with the countries of the Middle East and North Africa (MENA) have considerable potential value in terms of both U.S.
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