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GCC

Gulf Cooperation Council


Oman urges India to sign FTA
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).
GCC mulls reopening free trade talks aith EU
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
UAE advises Indonesia to sign FTA with GCC
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 seeks UAE’s help for FTA with GCC
Pakistan has sought market access from Canada and help from UAE for early completion of Free Trade Agreement with Gulf Cooperation Council.
China to seek early FTA with GCC
Chinese President Hu Jintao said Wednesday that China will seek an early free trade agreement (FTA) with the Gulf Cooperation Council (GCC).
Govt. allows free trade between Iran and Persian Gulf countries
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.
EU responds to demands with more demands
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.
‘FTA with Gulf region will boost bilateral trade’
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.
Massive GCC trade imbalance at heart of failed FTA with EU
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.
Row stalled Gulf-EU talks
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.
GCC suspends FTA talks with EU
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.
GCC may have more FTAs in near future
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.
FTA benefits food, telco export
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 warns Gulf may suspend talks on EU trade pact
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.
First GCC trade accord signed with Singapore
The six Gulf oil producers on Monday signed a free trade agreement (FTA) with Singapore, the first-ever FTA for the GCC
GCC and Singapore to sign FTA deal
The GCC countries and Singapore are expected to sign a free trade agreement (FTA) in Doha in the next few days.
Pakistan pushing for more free trade with GCC
Pakistan is trying hard to sign Free Trade Agreement (FTA) with Gulf countries to give boost to its ailing economy, said a senior official.
GCC and Europe FTA in few weeks
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.
Africa FTA talks lined up
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 calls for stepping up free trade deal talks
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.