India is reconsidering a free trade agreement with the Gulf Cooperation Council after the United Arab Emirates, the country’s biggest trading member in the bloc, approached it to revive talks that got stalled in 2008.
Visiting Chinese State Councilor and Foreign Minister on Monday held a meeting with his Omani counterpart, during which both sides agreed to enhance bilateral cooperation and push forward the free trade zone talks.
China wants to reach a free trade agreement with the GCC states, Chinese Foreign Minister Wang Yi said on the sidelines of his visit to Riyadh.
Gulf states are pushing the UK to launch negotiations on a free trade deal but London is showing little interest in prioritizing the issue, despite the region accounting for a substantial chunk of total UK trade.
The Gulf Cooperation Council (GCC) has reached out to Pakistani authorities to resume negotiations on a free trade agreement (FTA) by June this year, a top Pakistani diplomat in Riyadh said.
GCC states need to ensure the adoption of economic diversification plans through free trade agreements, UAE Foreign Trade Minister said.
The European Union’s Trade Commissioner called for the resumption of the stalled EU-GCC Free Trade Agreement negotiations.
The EAEU is an economic union consisting of Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan.
The GCC states are drawn to the African states’ promise, especially as the new continental trade deal will facilitate opportunities and unlock growth in parts of Africa that were previously difficult to access.
EU commissioner Phil Hogan met UAE ministers to discuss the reopening free trade negotiations with the Gulf states.
UK Secretary of State for International Trade, has said that the UK enjoys strong trading relations with GCC countries and is looking forward to have a free trade agreement with the bloc in the right time.
Indonesia is currently proposing to have a Comprehensive Economic Partnership Agreement (CEPA) with the GCC countries
The FTA was placed on hold since the region was impacted by various unfortunate circumstances such as the Arab Spring, followed by the global financial crisis, as well as the plunge in crude oil prices.
Georgia is seeking to establish a free trade agreement with the countries of the Gulf to access their markets and facilitate increased bilateral business and trade.
Indonesia seeks to initiate negotiations on trade agreements under both bilateral and regional schemes this year to help jack up the country’s exports.
Delay to prestigious London summit threatens UK plans for quick free-trade deal with rich Middle Eastern states after Brexit.
Pakistan is committed to finalising a free trade agreement (FTA) with the Gulf Cooperation Council (GCC) in a bid to step up trade volumes between the two sides
The long-stalled free trade agreement between New Zealand and the Gulf Cooperation Council faces further delay.
Argentina was the only signatory country that hadn’t yet ratified the free trade agreement, which can now go into effect.
China and the United Arab Emirates said they would expand cooperation and work toward a free trade agreement between China and the six Gulf Cooperation Council (GCC) countries.