Discussions began in 2005 after the signing of a framework agreement on trade and investment between the United States and the United Arab Emirates in 2004 and is expected to conclude in 2006. However, the Dubai Ports World scandal, which erupted in the United States in 2006, put all of this on hold and the process has not recovered since. In 2012, the United Arab Emirates, as members of the Gulf Cooperation Council (GCC), became parties to the framework agreement between the United States and the GCC on trade, economy, investment and technical cooperation. In 2014, the United Arab Emirates ratified the agreement by Federal Decree 86. Since 2012, the United States and the United Arab Emirates have organized several iterations of the economic policy dialogue between the United States and the United Arab Emirates, which provides a platform to cooperate on economic issues and irritate bilateral trade relations. The United Arab Emirates is a party to several multilateral and bilateral trade agreements, including with GCC partner countries. Under the GCC, the United Arab Emirates enjoys close economic relations with Saudi Arabia, Kuwait, Bahrain and Oman, which means that the United Arab Emirates shares a common market and customs union with these nations. Under the Greater Saudi Arabia Free Trade Agreement (GAFTA), the United Arab Emirates has free access to Saudi Arabia, Kuwait, Bahrain, Qatar, Oman, Jordan, Egypt, Iraq, Lebanon, Morocco, Tunisia, Palestine, Syria, Libya and Yemen The Authority is also trying to transform, through the act of bilateral agreements. , the objective it has adopted since the beginning of its work, that is, „Towards a safe society… Fair Trade“ in the reality on the ground, protecting local society from the negative economic, social and health effects of counterfeit and dual goods, monitoring transfers of dual-use materials, preserving intellectual property rights and rules of origin, and, in the meantime, facilitating the movement of trade between the United Arab Emirates and its trading partners around the world.
International bilateral agreements should also achieve both sides of the goal of equal rights, namely `safe society and fair trade` through a range of fundamental axes contained in the agreements, including strengthening international cooperation in the area of customs, combating breaches detrimental to the Security, Economy and Security of the Community , improving customs awareness and culture through the exchange of knowledge and information. , the establishment of joint training courses, the adoption of legislation and regulations facilitating the transit and flow of goods, and the role of customs (authority) as economic partners and not as tax authorities. Other areas include the provision of agreements with basic rules that protect information about the legitimacy of access to information, use it for legitimate purposes, their suitability for the purposes for which it is needed and their safe retention. The United Arab Emirates also signs the World Trade Organization(WTO) Information Technology Agreement (ITA), a treaty that binds 78 countries (which account for 97% of world trade in computer products), which aims to eliminate tariffs on computer products. The many products covered by the treaty are estimated at more than $1.300 billion per year. The Government of Abu Dhabi has established the Advisory Committee on Free Trade Agreements, which aims to lift trade restrictions between the Emirate of Abu Dhabi and the countries with which the United Arab Emirates is negotiating a free trade agreement. In addition, the United Arab Emirates has signed free trade agreements with Singapore and New Zealand (through the CCG agreement) and New Zealand and has begun discussions for similar agreements with the European Union, Japan, Australia, South Korea, India, Brazil, China, Argentina, Pakistan, Paraguay, Turkey and Uruguay.