Recently, Free Trade Agreements (FTAs) negotiations are being held between the GCC countries and the USA. Being crucial sectors in these countries’ economies, the banking and financial sectors are being considered for liberalisation in the context of these FTAs.
India will explore a free trade agreement with the Gulf Cooperation Council (GCC) and explore opportunities with individual countries in the Arab world for greater cooperation in the services sector.
The way to counter the momentum of the US bilateral push would be to quickly bring to conclusion the deal between the GCC and the EU and through such a mechanism reinvigorate the multilateral approach to regional relations.
The wise decision adopted by the GCC Finance and Economy Ministers to exclude the Free Trade Agreements (FTA) signed or expected to be signed with the United States from the Gulf agreement concerning unified customs tariffs is considered a prudent decision that serves the interest of enhancing Gulf economic co-operation and integration.
Gulf Arab efforts to defend a customs union suffered a setback after the United Arab Emirates refused to sign an accord barring bilateral trade deals except with the United States, Gulf sources said yesterday.
The Secretary General of the Gulf Cooperation Council, Abdul Rahman bin Hamad Al Atiyya, has said that the next GCC summit in Abu Dhabi would boost the GCC march and joint economic work, particularly in the area of ensuring the implementation of the customs union and expediting steps towards the implementation of a Gulf Common Market.
Gulf Cooperation Council (GCC) states have agreed to exclude the United States from collective trade agreements, allowing members to strike bilateral free trade deals with Washington, the Kuwaiti foreign minister said.
The six-nation Gulf Cooperation Council and Turkey signed an agreement Monday to begin negotiations on a free trade agreement (FTA).
Syria will sign a free trade agreement with the Gulf Cooperation Council (GCC) countries in June, the official al-Thawra newspaper said Friday.
South American and Arab leaders showed the US this week that they can be a force to be reckoned with - at least when it comes to talking tough. But whether they will be able to fulfill their pledges hinges on their ability to look beyond domestic agendas and resist American efforts to lure them away with lucrative bilateral trade deals.
The signing of the agreement is regarded as the first concrete fruit of the South American-Arab summit taking place in Brasilia this week.
Free trade agreement (FTA) negotiations between the Gulf Cooperation Council (GCC) and China are on fast track and expected to be completed before the end of 2006, the Times of Oman daily reported on Saturday.
Finance ministers from six Gulf states met yesterday to discuss economic integration, including a unified currency, and a free trade agreement with the United States, an official said.
Shaikha Lubna Al Qasimi, UAE Minister of Economy and Planning, yesterday urged Japan to enter into free trade negotiations with the GCC states so as to bolster its trade and investments ties with the region.
This article sheds light on the evolution of free trade agreements (FTAs) and the IPR protection incorporated within such agreements. The emphasis will be on the latest free trade and investment agreements concluded between the United States and the European Union (EU) with the Arab world and their “TRIPS-Plus” nature.
The text of the framework of the free trade agreement between the Mercosur and the Gulf Cooperation Council (GCC) is ready to be singed, a Brazilian foreign ministry official has disclosed.
Trying to entrench its economic and political ties in the region, and blaming the Gulf Cooperation Council’s slowness in devising region-wide economic measures, the United States is aggressively pursuing a number of free-trade agreements in this part of the Middle East.
With free trade agreements, come political leverage. Realising this, the United States is moving fast to sign bilateral FTAs with Gulf countries - in the hope that Washington would be able to fill a vacuum because of the slowness of these Arab states in starting any regional trading mechanisms of their own.
China is in discussions with the Gulf Cooperation Council to establish a free trade agreement (FTA) which is expected to take effect this year. The GCC member states hold 45 percent of the world’s oil reserves and account for 20 percent of oil production, and an FTA would help China shore up its energy supplies.
Study commissioned by the European Union