Malaysia and the Gulf Cooperation Council (GCC) will resume talks on a free trade agreement this year, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
New Zealand’s Auditor General has been asked to investigate government spending of 11 million NZ dollars (US$7.96m) on a sheep farm in Saudi Arabia in what has been labeled a bribe to secure a free trade agreement with the Arab Gulf states.
A comprehensive Free Trade Agreement between the Gulf Cooperation Council and the top 10 trading partners, including the European Union, could result in substantial GDP increases says Gulf Petrochemicals and Chemicals Association.
Leaders of the Gulf Cooperation Council will be meeting with President Barack Obama this week at the White House and at Camp David. The six member nations of the GCC include Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates, and Oman.
Most of the Gulf states are positive about signing off on a NZ-GCC deal, although Saudi Arabia is a little more cautious, PM Key says.
Australia and the GCC countries may only be a few months away from signing a landmark Free Trade Agreement deal “if a decision is made quickly,” Australia Trade and Investment Minister Andrew Robb says.
A GCC-Australia Free Trade Agreement is top of the agenda for Andrew Robb, the Australian Minister for Trade and Investment, when he returns to the region in April.
Korea’s premier corporate lobby group says that Korea should resume FTA negotiations, which have been stopped, with the Gulf Cooperation Council (GCC) as soon as possible and target the markets in the Middle East.
China will speed up free trade agreement talks with six GCC countries, a deal that will help China cut costs on energy imports from the region
The government of Ukraine intends to launch free trade negotiations with Canada, Turkey, Israel, the Gulf States, West Africa and some other countries, Prime Minister Arseniy Yatseniuk said.
MoU with South Korea can be leveraged into something significant, including a free trade agreement
“India’s trade imbalance with the six-nation Gulf Cooperation Council will further deteriorate as well as impact the Indian petrochemicals sector due to tariff elimination on petrochemicals under the proposed FTA”, says a study by an apex Indian trade body.
New Zealand Trade Minister Tim Groser expressed optimism regarding the signing of a comprehensive free trade agreement (FTA) that will lower trade barriers between Saudi Arabia and other GCC countries.
Australia is keen to resume its negotiations with Gulf countries on a free trade agreement, or FTA, in addition to foreign investment in a number of sectors, Trade and Investment Minister Andrew Robb said in Dubai on Sunday.
The Gulf Cooperation Council is increasingly looking eastward to secure trade accords, which in itself reflects the difficulties in concluding free trade agreements with the likes of the European Union.
Senior officials from the GCC countries and China met in Beijing on Thursday and discussed the resumption of negotiations to establish a free trade zone, a senior diplomat said.
India today urged Kuwait to support its efforts for early conclusion of talks for the proposed free trade agreement with the Gulf Cooperation Council (GCC).
Trade between the GCC and Singapore has declined by a fifth this year, but a newly ratified free trade agreement is shoring up officials’ optimism.
Trade in the first half of this year declined to US$30.2 billion from $38bn last year, partly due to lower Saudi oil shipments, said Singapore’s trade ministry.
The Saudi-Singapore Business Council is encouraging Saudi investors to invest in Singapore instead of Europe, using the GCC-Singapore FTA as a launching pad into China.
President Xi Jinping on Monday called for an early restart of negotiations for a free trade area between China and the Gulf Cooperation Council, which Xi called an important partner of China.