- 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.
Upcoming days of action
Oct to Nov: autumn of action against CETA in Europe incl. Austria, Belgium, Bulgaria, France, Italy, Germany, Greece, Netherland, Slovenia, Spain... - details
21 Oct: mobilisation against CETA in Montreal - details
27-28 Oct: mobilisation in Brussels against CETA - contact
03-05 Nov: mobilisation in Brussels against TTIP - contact
4 Nov: Continental day for democracy and against FTAs & neoliberalism in Latin America - contact
Any edits, please contact us
News from the movements
20-Oct-2016 El DiarioHoy es un día clave en la defensa de la democracia tal y como la hemos entendido hasta ahora.
20-Oct-2016 Bangkok PostAccess to affordable medicine and farmers’ control over seeds could be undermined by the Regional Comprehensive Economic Partnership being negotiated between Asean member countries and six other trade partners, says FTA Watch in Thailand
20-Oct-2016 CEOA close look at the controversial EU-Canada trade deal shows that concerns blocking its ratification are well-founded.
19-Oct-2016 Telesur“We don’t want what happened to us to happen to the people in Dakota,” Piaguaje told teleSUR.
18-Oct-2016 Peoples WorldIn protests billed as “anti-colonial” demonstrations, Peruvians hit the streets on 12 October against the Trans-Pacific Partnership and the Trade in Services Agreement
17-Oct-2016 No al TTIPEn el marco de una semana repleta de protestas para detener la aprobación del tratado de libre comercio entre la Unión Europea y Estados Unidos (TTIP) y la ratificación del CETA (el acuerdo de la Unión Europea con Canadá), la plataforma estatal ‘No al TTIP’ ha movilizado este sábado a miles de personas a lo largo de la geografía española y muy especialmente en la capital de España.
17-Oct-2016 Stop TTIPOver 100 law professors from across Europe have come together to send a clear message to EU decision makers demanding the investor protection mechanisms be excluded from TTIP and CETA.
17-Oct-2016 The Jakarta PostAn activist group is calling on the government to not ratify the ASEAN Regional Comprehensive Economic Partnership (RCEP) clause on International Union for the Protection of New Varieties of Plants (UPOV) 1991, saying that it will increase global corporations’ monopolistic control over small farmers.
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.