Gulf Cooperation Council (GCC) and Pakistan initialized a free trade agreement, The agreement was signed by GCC Secretary-General Jasem al-Budaiwi and Pakistani trade minister Gohar Ejaz.
India and Saudi Arabia on Monday agreed to expedite India-Gulf Cooperation Council Free Trade Agreement negotiations to further strengthen economic cooperation between the two countries.
Gulf Cooperation Council countries will resume talks on a free trade pact with Japan, Oman’s Minister of State for Foreign Affairs said.
Japanese Prime Minister Fumio Kishida met with GCC Secretary General Jasem Mohamed al-Budaiwi and agreed to resume negotiations on a free trade deal.
Japanese Prime Minister Fumio Kishida and Gulf Cooperation Council Secretary General Jasem al-Budaiwi Sunday agreed that the two sides will start talks aimed at resuming negotiations on a free trade agreement next year.
Building upon the progress made, last year in November, India and the GCC countries expressed their commitment to pursuing a FTA and resumed negotiations.
The fourth round will be held in two sessions; remote as well as in-person meetings in London.
The primary objective in the trade negotiations with the GCC is to have “an ambitious and comprehensive agreement,” said the British Trade Commissioner to the Middle East and Pakistan.
Kemi Badenoch, the recently appointed British Secretary of State for Business and Trade, has expressed optimism about the ongoing negotiations for a Gulf Cooperation Council (GCC)-UK free trade agreement.
The United Arab Emirates is increasingly pursuing bilateral trade deals outside of the Saudi-headquartered regional Gulf Cooperation Council, as competition with Riyadh intensifies for economic dominance in the oil-rich region.
The UK should be willing to walk away from trade negotiations with Gulf states rather than accept an agreement that fails to address human rights and environmental concerns, MPs have said.
The British government’s investment minster has said the third round of talks that could eventually lead to a free trade agreement between the UK and the GCC have been completed successfully and a fourth session should be held in London later this year.
As negotiators sat down for talks in Saudi capital Riyadh, Britain’s Business and Trade Secretary Kemi Badenoch welcomed the early progress in trade relations with Gulf nations as hopes of a £1.6 billion pact increase.
South Korea is continuing negotiations on a free trade agreement with the Gulf Cooperation Council to enhance its energy security and improve the economics of importing sour crude from the Middle East.
The intent of a free trade deal has been announced and meetings will start soon, says a source.
Korea and a group of Arab countries will hold a new round of negotiations for their free trade deal in Saudi Arabia this week, Seoul’s trade ministry said Tuesday.
It would open up opportunities in sectors such as renewables, technology, manufacturing and tourism, analysts say.
Foreign Minister Qin Gang called for a China-Gulf free trade zone to be established as soon as possible in a telephone conversation with his Saudi Arabian counterpart Faisal bin Farhan Al Saud.
India and the Gulf Cooperation Council (GCC) have agreed to pursue a free trade agreement (FTA) between the two regions and resume the negotiations, Commerce and Industry Minister Piyush Goyal said.
“The GCC EU FTA has been stalled for almost 30 years – a situation that does not reflect the strategic relationship between the GCC and the EU," said GCC secretary-general.