Government data, released after pressure from Labour, shows just 27% would be in favour of such a deal as Liz Truss visits Gulf state.
Britain wants comprehensive agreement that breaks down trade barriers
South Korea’s trade ministry said Monday it aims to resume talks for a new free trade agreement with the Gulf Cooperation Council (GCC) to forge deeper economic ties with the Middle East after a hiatus of more than 10 years.
Pact to help India increase exports in goods, services; lead to possible FTA with GCC.
UK officials are working on a new trade deal with the six members of the GCC, including the UAE and Saudi Arabia.
UK Trade Secretary was in the UAE and Saudi Arabia last month to work on the UK-GCC Joint Trade and Investment Review
India is reconsidering a free trade agreement with the Gulf Cooperation Council after the United Arab Emirates, the country’s biggest trading member in the bloc, approached it to revive talks that got stalled in 2008.
Visiting Chinese State Councilor and Foreign Minister on Monday held a meeting with his Omani counterpart, during which both sides agreed to enhance bilateral cooperation and push forward the free trade zone talks.
China wants to reach a free trade agreement with the GCC states, Chinese Foreign Minister Wang Yi said on the sidelines of his visit to Riyadh.
Gulf states are pushing the UK to launch negotiations on a free trade deal but London is showing little interest in prioritizing the issue, despite the region accounting for a substantial chunk of total UK trade.
The Gulf Cooperation Council (GCC) has reached out to Pakistani authorities to resume negotiations on a free trade agreement (FTA) by June this year, a top Pakistani diplomat in Riyadh said.
GCC states need to ensure the adoption of economic diversification plans through free trade agreements, UAE Foreign Trade Minister said.
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.