The UAE is also a signatory to the World Trade Organization`s (WTO) Information Technology Agreement (ITA), a treaty that binds 78 countries (accounting for 97% of global trade in computer products) to remove tariffs on computer products. The many goods covered by the treaty are estimated at more than $1.3 trillion a year. The Abu Dhabi government has formed the Advisory Committee on Free Trade Agreements, whose objective is to lift trade restrictions between the Emirate of Abu Dhabi and the countries with which the UAE is negotiating a free trade agreement. This year`s trade data, including a breakdown of U.S. exports to the UAE by state, is available on a special page on the UAE Embassy`s website. Describes the bilateral and multilateral trade agreements in which this country participates, including with the United States. Contains websites and other resources for U.S. companies to get more information on how to use these agreements. In addition, the UAE has signed free trade agreements with Singapore (on the CCGC Agreement with the Nation) and New Zealand and discussed the establishment of similar agreements with the European Union, Japan, Australia, South Korea, India, Brazil, China, Argentina, Pakistan, Paraguay, Turkey and Uruguay. It has also concluded several agreements on the protection and promotion of investments and the prevention of double taxation. In 2012, the United Arab Emirates, as a member of the Gulf Cooperation Council (GCC), was a party to the United States Framework Agreement for Trade, Economy, Investment and Technical Cooperation.
In 2014, the United Arab Emirates ratified this agreement by Federal Decision No. 86. Since 2012, the United States and the United Arab Emirates have held several iterations of the economic dialogue between the United States and the United Arab Emirates, which provides a platform for economic cooperation and countering the irritation of bilateral trade relations. In 2004, the United States signed a Trade and Investment Framework Agreement (TIFA) with the United Arab Emirates (United Arab Emirates) to create a formal framework for dialogue on economic reforms and trade liberalization. . . .