The GCC does not need Free Trade Agreements (FTAs), what it needs is Fair Trade agreements, said Mishal Hamed Kanoo, Deputy Chairman, the Kanoo Group, at the 4th GCC Economic Forum.
GCC Secretary General HE Abdulrahman bin Hamad al-Attiyah has said that negotiations are now under way between GCC and China for earlier conclusion of Free Trade Agreement (FTA) and that a legal framework is now being made in preparation for the FTA agreement with Korea.
Secretary-General of the Gulf Cooperation Council (GCC) Abdul Rahman al-Attiya said here on Sunday that he hoped talks between the GCC and China on a free trade agreement will be concluded soon.
The Free Trade Agreement (FTA) negotiations between the Gulf Cooperation Council (GCC) countries and European Union (EU) have started since 1988. However, there have been always obstacles that prevented the achievement of a final agreement.
GCC finance ministers said the six states were considering foreign trade deals with Singapore and Australia to widen existing talks for bilateral accords with some of its member states.
The European Union and GCC are expected to conclude talks on establishing a free trade deal in the near future. The deal, which has been a long time in the making, is likely to be sealed by the end of the current year, according to Abdurrahman Al Attiyah, the GCC Secretary General.
Discussions on a possible free trade agreement (FTA) between India and the Gulf Cooperation Council (GCC) are gaining momentum with the two sides deciding to meet early next year to thrash out important issues like rules of origin (ROO) and differential tariffs which are key to such agreements.
The European Union and the GCC wound up talks on a long stalled free trade deal yesterday without agreement on opening up the region’s lucrative services sector.
Move over World Trade Organization (WTO), regional trade arrangements are here to rule.
The European Union and the oil-rich Gulf Cooperation Council will meet this week to discuss a long-stalled free trade deal, officials said yesterday.
Pakistan will soon sign free trade agreement with the member countries of the Gulf Cooperation Council (GCC), a senior official at the ministry of commerce told the Daily Times on Monday.
The first round of free trade negotiations between the Gulf Cooperation Council and India and Pakistan will commence by the middle of November 2005.
Oman came to the closing stages of its Free Trade Agreement (FTA) negotiations with the US on October 3, after talks on the final details closed successfully. Omani and US officials say the final signing should now take place early in 2006.
The Gulf Cooperation Council and the European Union are very close to striking a free trade agreement as coordination on this issue is in its final stages, an informed diplomatic source close to the process told Kuwait News Agency.
The Japan Business Federation, the nation’s biggest business lobby, urged the government on Tuesday to start negotiations at an early date on concluding a free trade agreement with the Gulf Cooperation Council, which consists of six oil producers.
The second meeting of the Gulf Cooperation Council (GCC) and Indian businessmen will be held from January 28-29 next year in Muscat, Oman.
GCC and EU foreign ministers will hold crucial talks in New York next month to remove obstacles hindering a free-trade agreement between the two groups.
On the lines of its successful "Look East" policy to promote trade and investment with its Asian neighbours, India aims to adopt a similar policy for West Asia, an external affairs ministry official said here Tuesday.
India will begin negotiations with the GCC as a single bloc as well as with individual member countries of the GCC for a comprehensive economic cooperation agreement, covering the service sector and investment, along the lines of the pact signed between India and Singapore recently.
"We are looking at something more than FTAs. We would like to sign CECAs with the Gulf states. They are an important area of foreign policy," the Indian Prime Minister Office sources said.