GCC Secretary-General Abdulrahman bin Hamad Al Attiyah has announced that the Gulf Cooperation Council will sign a joint free trade agreement with the EFTA states, Switzerland Iceland, Norway and Liechtenstein later this month. Both parties agreed the text of the agreement on April 24, 2008 and have now signalled they wish the agreement to enter into force.
The six-nation Gulf Cooperation Council (GCC) is concentrating on trade talks with East Asia after negotiations with the European Union stalled, Sultan Bin Saeed Al Mansouri, Minister of Economy, said.
Brazilian President Luis Inacio Lula da Silva hailed his country’s growing relations with Saudi Arabia and the Middle East on Sunday as he pushed for more trade and investment in the region.
A former Qatari minister yesterday lambasted Western “hypocrisy” and “double standards” when it came to free trade agreements (FTAs) with smaller nations. And he maintained that the GCC-US FTA was a thing of the “past”.
Free trade talks between the GCC and the European Union have been suspended again after the two sides failed to reach an agreement on human rights and customs duties on GCC exports to Europe.
The European Union and the Gulf Cooperation Council’s Joint Council meet today at the Al Bustan Palace Hotel to put on track the Free Trade Agreement talks that were derailed by the GCC last December.
India and Oman are in the final stages of setting up a $100-million fund that will be utilised in development and infrastructure projects in both nations. To boost trade relations with Oman and other Gulf nations, Oman has urged India to sign a Free Trade Agreement (FTA) with the six-member Gulf Cooperation Council (GCC).
The Gulf Cooperation Council chief and Saudi and Omani ministers on Sunday discussed how to revive talks on a free trade accord with the European Union that broke down in December
The United Arab Emirates (UAE) has proposed to Indonesia to enter into a Free Trade Agreement (FTA) with the Gulf Cooperation Council (GCC), Indonesian Ambassador to the UAE M Wahid Supriyadi said.
Pakistan has sought market access from Canada and help from UAE for early completion of Free Trade Agreement with Gulf Cooperation Council.
Chinese President Hu Jintao said Wednesday that China will seek an early free trade agreement (FTA) with the Gulf Cooperation Council (GCC).
Iran’s cabinet gave the green light for the signing of an agreement for free trade among Iran and the Persian Gulf Cooperation Council, announced a commerce ministry official here on Sunday.
The demands which stood as obstacles to signing an EU-GCC FTA are non-commercial demands, although GCC countries made a great leap in updating and modernising economic and commercial laws in the past years, thinking this would meet EU requirements in this respect.
Malaysia is hopeful that negotiations for the Free Trade Agreement (FTA) between the Gulf Cooperation Council (GCC) and Malaysia can commence as soon as possible, Prime Minister Datuk Seri Abdullah Ahmad Badawi said.
Gulf oil producers have accused their main economic partner the European Union (EU) of lacking interest in signing the long-sought free trade deal as it shifts interest to partners in East Europe.
A disagreement over human rights and democracy was behind the suspension earlier this month of trade talks between the Gulf Cooperation Council and the European Union, an Omani official said yesterday.
The Gulf Cooperation Council (GCC) on Tuesday said it had suspended talks with the European Union for a free trade agreement (FTA). The decision to halt more than two decades of hard negotiations between the two regional economic blocs to sign the world’s first region-to-region free trade agreement came a week ahead of a crucial summit by GCC leaders in Muscat.
The GCC-Singapore Free Trade Agreement (FTA) signed last week comes almost a year after the six gulf nations announced a common market to remove trade barriers within themselves and to deal with the world as one entity. Economists predict that the agreement will serve as a precursor to more FTAs between Gulf and prominent Asian economies.
Singapore-based exporters of food and telecommunications equipment look set to be among the major beneficiaries of the new free trade agreement signed with six Gulf states on Monday.
Qatar warned on Monday that the six-nation Gulf Cooperation Council would suspend talks on a free trade deal with the European Union if an impasse in the 20-year-old negotiations continues.