US President Announces Middle East Free-trade PlanUS President George W. Bush on Friday announced the plan for a Middle East free-trade zone during a commencement speech at the University of South Carolina.
Saying prosperity is key to the successful peace process in the Middle East region, Bush presented the plan to set up a US-Middle East free trade area in a decade.
Bush said Secretary of State Colin Powell and other officials will soon travel to the Middle East region to talk with leaders in the area about political, economic and other issues.
Bush said that what happens in the Middle East matters America, and he introduced the free-trade plan to promote trade as well as peace in the Middle East region.
Up to now, the United States has free-trade agreements with Israel and Jordan and wants to conclude a trade pact with Morocco by the end of the year.
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