MTC Group participates in American Kuwaiti Free Trade Agreement (FTA) Conference: Opportunities and Challenges

MTC Group announced that it will be participating in the upcoming Free Trade Conference being organized by the American Kuwaiti Alliance under the patronage of the Kuwait's Minister of Commerce & Industry, HE Abdullah Al-Taweel. The conference will take place on the 4th of June 2005 at Kuwait's Chamber of Commerce and Industry. The event will bring together US and Kuwaiti businesses and government officials to discuss the opportunities and challenges of establishing a Free Trade Agreement.

Dr. Saad Al Barrak, Managing Director and Vice Chairman of MTC will be participating and speaking in the Roundtable Discussion - Session II entitled 'U.S. - Kuwait TIFA Negotiation Status & Issues'. This stems from the fact that Dr. Saad will delve into the issues that pertain exclusively to the telecommunications industry both in the mobile and fixed arena.

In addition Dr. Al Barrak's participation is the fruit of efforts to bring together business and government leaders in Kuwait and the US to put forth a holistic integrated vision to opportunities and challenges that will arise during the creation of the free trade agreement between both countries. The session will also look into solutions and alternatives that will speed up the pace of these negotiations in the hope of reaching a final agreement that will enhance the cooperation between both countries.

The conference will furthermore discuss some basic issues which will include Intellectual Property Rights issues, telecommunications, and banking, and the benefits that will be gained by Kuwait on signing this agreement.

The conference which will be held by Kuwait's Chamber of Commerce and Industry will be attended by high level delegates and speakers from the USA, Jordan, Bahrain, and Singapore giving the conference greater overall significance especially because it discussed one of the most important topics that interests Kuwait.