IRmep Export Special Report: Volume 5 Issue 5
Fundamental Shifts Underway in US-Arab World Trade
“The US currently runs a $28 billion merchandise trade deficit with the 22-country Arab market, proportionally larger than its global trade deficit. In 2004, US exports reached $19 billion, an impressive 20.2% increase over 2003 exports, while imports from the Arab market grew by 34.7%…
At precisely the moment when they can contribute the most to Arab development projects, US vendors may be cut out of the action if they are perceived to be supporters or agents of US regional foreign policy…”