The European Union’s Trade Commissioner called for the resumption of the stalled EU-GCC Free Trade Agreement negotiations.
The EAEU is an economic union consisting of Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan.
The GCC states are drawn to the African states’ promise, especially as the new continental trade deal will facilitate opportunities and unlock growth in parts of Africa that were previously difficult to access.
EU commissioner Phil Hogan met UAE ministers to discuss the reopening free trade negotiations with the Gulf states.
UK Secretary of State for International Trade, has said that the UK enjoys strong trading relations with GCC countries and is looking forward to have a free trade agreement with the bloc in the right time.
Indonesia is currently proposing to have a Comprehensive Economic Partnership Agreement (CEPA) with the GCC countries
The FTA was placed on hold since the region was impacted by various unfortunate circumstances such as the Arab Spring, followed by the global financial crisis, as well as the plunge in crude oil prices.
Georgia is seeking to establish a free trade agreement with the countries of the Gulf to access their markets and facilitate increased bilateral business and trade.
Indonesia seeks to initiate negotiations on trade agreements under both bilateral and regional schemes this year to help jack up the country’s exports.
Delay to prestigious London summit threatens UK plans for quick free-trade deal with rich Middle Eastern states after Brexit.
Pakistan is committed to finalising a free trade agreement (FTA) with the Gulf Cooperation Council (GCC) in a bid to step up trade volumes between the two sides
The long-stalled free trade agreement between New Zealand and the Gulf Cooperation Council faces further delay.
Argentina was the only signatory country that hadn’t yet ratified the free trade agreement, which can now go into effect.
China and the United Arab Emirates said they would expand cooperation and work toward a free trade agreement between China and the six Gulf Cooperation Council (GCC) countries.
New Zealand Economic Development Minister Simon Bridges will make a further push to secure a long-stalled trade agreement with Arab states on a visit to the United Arab Emirates.
Bahrain would play a pivotal role in negotiating with other GCC countries to finalise the framework for Pak-GCCs FTA.
Minister for Commerce, Khurram Dastgir Khan says Pakistan has been invited to conclude a Free Trade Agreement with Gulf Cooperation Council.
Gulf Arab states are pressing for an early deal on free trade with Britain to secure preferential arrangements after Brexit, and could have a draft agreement ready within months.
New Zealand is optimistic it will complete its stalled free trade deal with the Gulf states this year as part of efforts to deepen economic ties with the region
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said Malaysia is keen to revive the framework agreement but there have been challenges.