The Trade Deal between US and UAE is delayed

An article that may not be re-published, broadcasted, rewritten, or redistributed provides with interesting insides on the trade agreement between the US and the UAE.

The parties would not finish free trade talks by a deadline at the end of this month, but would continue to pursue closer economic ties until unspecified later time.
The two countries had decided that they would remain committed. Negotiations over the past year have focused on the investment chapter, even though negotiations were damaged by a political furor over state-owned Dubai Ports World's purchase of US port operations.
DPW agreed to sell the port operations to soothe US congressional concerns, but the free trade talks will be delayed.

In the mean time the US completed negotiations with UAE's neighbor, Oman and the Congress approved the pact with Oman last year.
Trade between the US and UAE amounted to $12.3 billion in 2006, making it the third-largest US trading partner in the Middle East behind Israel and Saudi Arabia.
The US imports relatively little from the UAE, but major items include crude oil, chemicals, aluminum and clothing. Leading US.exports to the UAE include aircraft, drilling equipment, industrial engines and farm goods.