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.
The six Gulf oil producers on Monday signed a free trade agreement (FTA) with Singapore, the first-ever FTA for the GCC
The GCC countries and Singapore are expected to sign a free trade agreement (FTA) in Doha in the next few days.
Pakistan is trying hard to sign Free Trade Agreement (FTA) with Gulf countries to give boost to its ailing economy, said a senior official.
The Free Trade Agreement between European Union and GCC states will be signed within few weeks, Sultan bin Saeed Al Mansouri, UAE Minister of Economy, has said.
The prospect of Free Trade Agreements (FTA) between the Gulf and African countries will be discussed at a major conference in Bahrain next month. Hundreds of government officials, bankers and investors are expected to attend.
Bahrain yesterday called for GCC-EU member states to fast-track the Free Trade Agreement. "Such a deal would send GCC-EU economic co-operation to new heights," Bahrain Chamber of Commerce and Industry chairman Dr Essam Fakhro yesterday said.
A free trade agreement between India and the Gulf Cooperation Council (GCC) countries is likely to be signed as early as 2009, official sources said.
Australian Minister for Trade Simon Crean, who is currently visiting Saudi Arabia, has reaffirmed the need to initiate talks for a free trade agreement between the six-nation Gulf Cooperation Council (GCC) and Australia.
Joint statement from business representatives of both the EU and the GCC, dated 29 October 2008
Bahrain yesterday exuded confidence that its current talks with Germany would expedite the signing of the much-delayed Free Trade Agreement (FTA) between the six-nation Gulf Cooperation nations and the 27-nation European Union that has eluded them for close to 20 years.
GCC Secretary General H.E. Abdurrahman bin Hamad Al-Attiyah laid the responsibility on the European Union for obstructing the conclusion of the free trade agreement between the two sides which was signed in 1988 despite the developed economic and cultural bilateral relations during the last two centuries.
The Gulf Co-operation Council (GCC) is on the verge of signing a Free Trade Agreement (FTA) with Japan, it was revealed yesterday.
A free trade agreement bonding the GCC and EU may be sealed next year. "Bilateral talks are progressing steadily," said Bahrain Chamber of Commerce and Industry chairman Dr Essam Fakhro.
Talks on a free trade agreement (FTA) between the six-nation Gulf Co-operation Council (GCC) and India have made substantial progress with the two sides committing to conclude the deal as early as possible.
Talks on a free trade agreement (FTA) between the six-nation Gulf Cooperation Council (GCC) and India made substantial progress yesterday with the two sides committing to conclude the FTA as early as possible.
Gulf states have decided to accept an offer from Tehran to begin talks on a free trade agreement (FTA) that will add Iran to the list of many countries negotiating with the region for such a deal
A former Saudi official yesterday urged Gulf oil producers to halt their prolonged free trade negotiations with the European Union (EU) and opt instead for separate agreements that will serve the region’s interests.
Gulf oil producers have criticised the European Union (EU) for delaying the signing of a landmark free trade agreement (FTA) that could support their long-standing bid to diversify their oil-reliant economies.