Martin, Josh
July 2004
Middle East;Jul2004, Issue 347, p30
In a recent diplomatic manoeuvre, the European Union sent a clear message to the Americans, indicating that it is now prepared to challenge the once-unassailable economic hold Americans had on key Arab markets. This spring, even as the Bush administration slapped trade sanctions on Syria, European and Syrian diplomats signed a bilateral trade agreement (BTA). The newest BTA was driven by politics, reflecting the spectacular erosion of America's standing both in Europe and the Middle East. The Syrian BTA in particular is seen as further proof of Europe's determination to have good political and economic relations with her Arab and Muslim neighbours.


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