"Negotiations will be completed by the yearend and the signing of the final agreement could be sometime early next year," the Indian Ambassador to Bahrain says.
Iran is planning to sign a free or preferential trade agreement with the member states of the Persian Gulf Cooperation Council.
Call it the GCC effect. Apprehending stiff competition for the domestic petroleum industry - which has significant public sector presence - once India signs a free trade agreement with the Gulf Co-operation Council (GCC), the petroleum ministry has opposed inclusion of tariff cuts on petro products in the comprehensive economic partnership agreement (CEPA) being negotiated with South Korea.
Prime Minister Shaukat Aziz has emphasised the need to expedite the process of signing a free trade agreement (FTA) between Pakistan and the Gulf Cooperation Council (GCC), saying that the attractive demographics of Pakistan have created growing economic opportunities.
The visiting Secretary General of the Gulf Cooperation Council, Mr Abdulrahman Hamad Al-Attiyah, met Singapore Prime Minister Lee Hsien Loong on Friday.
Ministers from India and Oman offered different views on the progress of free-trade talks between India and Gulf countries, although both officials yesterday said a deal was achievable.
Serious differences surfaced between commerce minister Kamal Nath and Oman commerce minister Maqbool Ali Sultan on Tuesday over the free trade agreement (FTA) between India and GCC countries.
Oman today expressed disappointment with the slow pace of talks on Free Trade Agreement between India and the Gulf Cooperative Council and asked officials of both sides to take it up on priority.
A proposed Free Trade Agreement (FTA) between Bahrain and Thailand has stalled because of the intervention of other GCC countries, officials confirmed yesterday.
What do the Gulf Cooperation Council countries want from FTAs?
Foreign Minister Michael Frendo has urged the successful conclusion of negotiations on a free trade agreement between the European Union and the Gulf Cooperation Council.
The wording of the agreement remains undecided along with issues concerning service industries and investment rules.
Abe agreed with leaders of five Middle East nations to strengthen bilateral relations with Japan on a wide range of areas, including politics, culture and environment as well as energy, trade and investment.
Prime Minister Shinzo Abe and Qatari Emir Hamad bin Khalifa al-Thani reaffirmed Tuesday at a meeting in Doha that they will cooperate in securing stable energy supplies for Japan, Japanese officials said.
I had the opportunity to present a working paper at the 7th Forum for Democracy, Development and Free Trade held at the Qatari capital of Doha last week.
The Gulf Cooperation Council (GCC) is on course to meet a 2010 deadline to form a monetary union, the UAE Central Bank Governor, Sultan bin Nasser Al Suwaidi, said yesterday. "There is no delay to forming a currency union," he said, speaking to reporters on the sidelines of an Islamic Banking Conference held in Dubai.
Japan and a group of six Middle Eastern oil producers, including Saudi Arabia and the United Arab Emirates, will aim at concluding their negotiations on a free trade agreement by early 2008, Japanese officials said Tuesday.
On two counts, the 27-28 March Arab League summit in Riyadh could be the beginning of a turning point in the tumultuous history of the Middle East post-1948.
After more than a year’s gap, representatives of India and the six-nation Gulf Co-operation Council (GCC) will meet next month to take forward the talks on proposed Free Trade Agreement (FTA).
South Korean President Roh Moo-hyun on Sunday unveiled an initiative for future cooperation between South Korea and the Middle East, proposing a free trade agreement (FTA) with member countries of the Gulf Cooperation Council (GCC).