Forex center
 
Forex center
History
Overview
Forex for Beginners
Dollar-Euro
Famous People
Forex Books
Glossary
Currency Converter
Fx Software
Fundamental Analysis
Technical Analysis
Economic Calendar
Bank Researches
Forex Courses
Psychology
Forex Brokers

Customer Service:
clients@forexcenter.com

Advertisments:


News
24, September 2006
US Congress Approves Oman Trade Pact

In a 63 to 31 vote, the United States Senate put its seal of approval on a free trade agreement with the Arabian Gulf state of Oman. The bipartisan Congressional vote ended months of contentious debate.

This trade pact with Oman will have very little economic impact in the United States. Trade between the U.S. and Oman is less than 1.2 billion dollars per year, but the agreement was seen as more of a symbolic gesture on behalf of the United States. According to the pact, the U.S. will immediately put an end to all duties that are attached to industrial and consumer goods that move between the United States and Oman. For their part, Oman will eliminate duties on almost 87% of U.S. agricultural imports and completely do away with tariffs within the next decade.

President Bush was obviously pleased with the outcome, citing both economic benefits from the pact as well and the national security implications "by strengthening our relations with a strategic friend and ally in the Middle East."

Democrats were critical of this move, citing environmental and workers' rights issues as reasons to condemn the pact. Ironically, the same Democrats who criticized this move overwhelmingly supported bestowing on China's Most Favored Nation status, despite human rights violations by the communist regime and the impact on workers in the U.S. by opening a window to cheaper sources of labor.


08, October 2006 - The New Oil Boom
Searching for an investment opportunity that involves oil alternatives is a logical move, but recent studies have shown there are other oil opportunities that could prove to be highly profitable.
24, September 2006 - US Congress Approves Oman Trade Pact
In a 63 to 31 vote, the United States Senate put its seal of approval on a free trade agreement with the Arabian Gulf state of Oman.
Symbol Rate
GBP:CHF 1.747703
GBP:JPY 155.484239
GBP:USD 1.638403
NZD:USD 0.627050
EUR:CAD 1.545998
EUR:CHF 1.516857
EUR:GBP 0.867915
EUR:JPY 134.947096
EUR:USD 1.421994
AUD:JPY 76.394373
AUD:USD 0.805000
USD:CAD 1.087204
USD:CHF 1.066711
USD:JPY 94.899879
USD:SEK 7.613010

Disclimer: This website is for informational purposes only and is not intended to provide
specific commercial, financial, investment, accounting, tax, or legal advice.

© ForexCenter.com, 2005, All Rights Reserved