A Kuwaiti delegation recently arrived in Washington to discuss the free trade agreement between the United States and the emirate. At the top of the agenda are intellectual property rights, an amendment of labor laws so as to be more consistent with the standards set by the International Labor Organization (ILO) and the cancellation of the International Trade Accord, which the United States views as in impediment to trading activities.
According to <i>Arab Times</i>, delegates will also discuss attracting new foreign investors, non-Kuwait ownership of the shares in Kuwaiti companies and foreign bank establishment in Kuwait.
Additionally, the subject of access to Kuwait's insurance sector by foreign companies, Kuwait's communications sector and northern oilfields will also be dealt with during the meeting.
The free trade agreement is expected significantly boost opportunities for trade between the two countries.
The parties will also discuss means to stimulate economic prospects worldwide.
