Taking your place asa center of progress and achievement requires economicreform

This is Rosetta Stone V3 a time of strength for many of your nations'economies. Since 2004, economic growth in the region hasaveraged more than 5 percent. Trade has expandedsignificantly. Technology has advanced rapidly. Foreigninvestment has increased dramatically. And unemploymentrates have decreased in many nations. Egypt, for example,has posted strong economic growth, developed some of theworld's fastest growing telecommunications companies, andmade major investments that will boost tourism and trade. Inorder for this economic progress to result in permanentprosperity and an Egypt that reaches its full potential,however, economic reform must be accompanied by politicalreform. And I continue to hope that Egypt can lead theregion in political reform. This is also a time toprepare for the economic changes ahead. Rising price of oilhas brought great wealth to some in this region, but thesupply of oil is limited, and nations like mine areaggressively developing alternatives to oil. Over time, asthe world becomes less dependent on oil, nations in theMiddle East will have to build more diverse and more dynamiceconomies. Your greatest asset in this quest is theentrepreneurial spirit of your people. The best way to takeadvantage of that spirit is to make reforms that unleashindividual creativity and innovation. Your economies will bemore vibrant when citizens who dream of starting their owncompanies can do so quickly, without high regulatory andregistration costs. Your economies will be more dynamic whenproperty rights are protected and risk-taking is encouraged-- not punished -- by law. Your economies will be moreresilient Rosetta Stone Spanish Spain when you adopt modern agricultural techniques thatmake farmers more productive and the food supply moresecure. And your economies will have greater long-termprosperity when taxes are low and all your citizens knowthat their innovation and hard work will be rewarded. Oneof the most powerful drivers of economic growth is freetrade. So nations in this region would benefit greatly frombreaking down barriers to trade with each other. And Americawill continue working to open up trade at every level. Inrecent years, the United States has completed free tradeagreements with Jordan, Oman, Morocco, and Bahrain. Americawill continue to negotiate bilateral free trade agreementsin the region. We strongly supported Rosetta Stone Spanish V3 Saudi Arabia'saccession to the World Trade Organization, and we willcontinue to support nations making the reforms necessary tojoin the institutions of a global economy.