- About bilaterals.org
- Feb-2016: New ISDS platform launched
- Sep-2004: Launch announcement
- Feb-2015: Relaunch of bilaterals.org
- Mar-2013: Relaunch of bilaterals.org
- Jun-2009: Relaunch of bilaterals.org
- Dec-2008: An update from bilaterals.org and logo design contest announcement
- Dec-2006: bilaterals.org in Spanish & French
- Sep-2006: Update from bilaterals.org
- How to participate
- Key issues
- Texts of agreements
Pakistan, GCC close to signing free trade pact
12 April 2010 | Internews/Karachi
Pakistan, GCC close to signing free trade pact
Pakistan and the Gulf Co-operation Council (GCC) are about to sign Free Trade Agreement (FTA) as the consolidated draft incorporating the version of both the governments is almost in the final stage, official sources revealed here yesterday.
Talks of signing of FTA between Pakistan and GCC have been making the rounds for several years but both sides have only now reached at some concrete work to move ahead.
Pakistan was expected to sign FTA with the GCC countries in 2007 but was unable to finalise it due to procedural delays. The FTA between Pakistan and the GCC would be comprehensive in nature, covering the overall economic relations between the contracting states, including the UAE, Saudi Arabia, Qatar, Bahrain, Oman and Kuwait.
Bilateral trade volume between Pakistan and the GCC states averages at $4.7bn.
The third round of negotiations on FTA between Pakistan and GCC is also scheduled in the next month, which according to reliable sources would be the final one to sign FTA. Sources said the pact between Pakistan and the Council would be comprehensive in nature covering the overall economic relations between the two sides.
“Pakistan is negotiating with the GCC on a framework of FTA for four years after former prime minister Shaukat Aziz had directed the commerce ministry to enter into a pact with the Arab countries”, an official privy to the development said.
The agreement, the sources hoped will provide an opportunity to Pakistani exporters to tap the demand for goods in the GCC countries under the reduced tariff in the first phase and without tariff in the long term.
“The FTA will help abolish or reduce the existing 5% import duty imposed in the GCC countries, which will ultimately help reduce prices of Pakistani products in the region,” the official said.
Pakistan has already signed FTAs with Sri Lanka, China and Malaysia, besides South Asia Free Trade Agreement. At present, Pakistan is importing raw materials, semi-finished goods and oil from the GCC countries and the FTA will reduce the cost of these imports.
“The country wants to enhance trade ties with the Gulf countries and after signing of this agreement, Pakistan’s exports will show a substantial growth,” the official hoped.
He said that the continuous issues between Pakistan and GCC nations are related to agriculture products, which hampered the export growth of these products from Pakistan.
News from the movements
7-Dec-2016 Radio UchileA la audiencia ante la CIDH asiste una delegación con representantes indígenas y de sociedad civil que forman parte de las entidades peticionarias de los tres países, además del Grupo Internacional de Trabajo sobre Asuntos Indígenas.
7-Dec-2016 Coalition Nationale Non aux APEOui à une intégration africaine souveraine et populaire
5-Dec-2016 Médecins Sans Frontières
MSF press release: RCEP trade deal negotiators must reject terms that would harm access to medicinesInternational medical humanitarian organisation Médecins Sans Frontières (MSF), along with other health groups, reiterated concerns about harmful intellectual property provisions in the proposed agreement that would increase market monopolies for pharmaceutical corporations and delay or block access to affordable generic medicines.
30-Nov-2016 No al TTIPCientos de organizaciones europeas y canadienses instan a las/los legisladores a votar en contra del Acuerdo Integral de Economía y Comercio (CETA).
30-Nov-2016 Temp.coJelang perundingan perdagangan bebas ASEAN RCEP (Regional Comprehensive Economic Partnership) di Indonesia, organisasi masyarakat sipil dari berbagai negara mulai melayangkan protes kepada pemerintah di negara-negara yang akan menandatangani perjanjian tersebut.
30-Nov-2016Este es un llamamiento urgente de 316 organizaciones de la sociedad civil de los países de Asia y el Pacífico que negocian la Asociación Económica Regional Ampliada para que el contenido tóxico del TPPT no se incorpore al RCEP
29-Nov-2016This is an urgent call by 316 civil society organisations from across the Asian and Pacific countries negotiating the Regional Comprehensive Economic Partnership to reject TPP rules in the RCEP
29-Nov-2016 S2BWe, the undersigned civil society organisations from Canada and Europe, hereby express our deep concern about the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada.
bilaterals.org is a collaborative space to share information and support movements struggling against bilateral trade and investment deals which serve corporations, not people. Multilingual. Global. No one owns it. Open publishing. Get involved.