GCC

The Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, with Yemen hoping to join by 2016) is dealing head-on with bilateral free trade agreements at various levels. On the one hand, it has gone through a lot of tension as its member countries have been drawn into individual bilateral treaties with foreign powers like the United States, including with a major row between Saudi Arabia and Bahrain when Bahrain signed with Washington. On the other hand, it has been working as a group to establish FTAs with others, including Australia, China, Mercosur, Japan, Jordan, Korea, Turkey, New Zealand, India, Iran, ASEAN and the European Union. It signed an FTA with Syria in 2005, and more recently with Singapore (2008) and EFTA (2009).

last update: May 2012


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  • 11-May-2015 GCC leaders to meet with President Obama
    Leaders of the Gulf Cooperation Council will be meeting with President Barack Obama this week at the White House and at Camp David. The six member nations of the GCC include Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates, and Oman.
  • 4-Oct-2014 Gulf News GCC builds up its Asia strategy
    MoU with South Korea can be leveraged into something significant, including a free trade agreement
  • 15-Apr-2014 Australia seeks GCC free trade agreement
    Australia is keen to resume its negotiations with Gulf countries on a free trade agreement, or FTA, in addition to foreign investment in a number of sectors, Trade and Investment Minister Andrew Robb said in Dubai on Sunday.
  • 3-Feb-2014 Gulf News GCC looks east for win-win trade deals
    The Gulf Cooperation Council is increasingly looking eastward to secure trade accords, which in itself reflects the difficulties in concluding free trade agreements with the likes of the European Union.
  • 17-Jan-2014 KUNA GCC, China to sign ’’14-17 action plan, resume FTA negotiations - Amb. Al-Muzayen
    Senior officials from the GCC countries and China met in Beijing on Thursday and discussed the resumption of negotiations to establish a free trade zone, a senior diplomat said.
  • 2-Nov-2013 Optimism on GCC-Singapore free trade deal despite lower exchange
    Trade between the GCC and Singapore has declined by a fifth this year, but a newly ratified free trade agreement is shoring up officials’ optimism. Trade in the first half of this year declined to US$30.2 billion from $38bn last year, partly due to lower Saudi oil shipments, said Singapore’s trade ministry.
  • 27-Aug-2013 Gulf Times Proposed US-EU trade deal may impact business in GCC: report
    The proposed Transatlantic Trade and Investment Partnership (TTIP) between the US and Europe will impact the GCC region’s aviation, energy and financial services’ sectors, a report has shown.
  • 28-Jun-2012 Saudi Gazette GCC, India seen to sign FTA within a year
    The Gulf Cooperation Council countries and India are expected to conclude a free trade agreement for boosting trade within a year, K K M Kutty, former chairman of Confederation of Indian Industry, has said.
  • 1-Jan-2012 Kingdom, UAE dominate Turkish-GCC trade
    Turkish trade with the GCC (Gulf Cooperation Council), in spite of considerable positive progress in recent years, is lagging far behind its potential. Negotiations for a free trade agreement between Turkey and the GCC were launched in November 2005 but are still ongoing and are expected to conclude soon. The delays appear to have been linked above all to the global economic crisis with the talks suspended for a while in 2008-2009, according to a report "Turkey and the GCC: A strengthening Relationship" issued by the National Commercial Bank (NCB).
  • 24-Oct-2011 Reuters Trade among Gulf Arab states expected to surge by 14 percent: officials
    Trade among Gulf Arab oil producing countries is expected to grow around 14 percent in 2011 recovering from a contraction two years ago at the height of the global financial downturn, two officials said on Sunday.
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