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West Asia
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A proposed free trade agreement (FTA) between Iran and the six Gulf states would help boost the regional economy, Iran’s ambassador to the UAE said yesterday.
Tehran is ready to hold talks with the Persian Gulf Cooperation Council on a free trade pact.
US-Kuwaiti trade talks kicked off yesterday at the experts level tackling a number of economic issues within the Trade and Investment Framework Agreement (TIFA) signed between the two countries in February 2004.
Qatar and the Netherlands may soon sign investment protection as well as double taxation avoidance agreements as part of efforts to improve economic and political relations between them.
On two counts, the 27-28 March Arab League summit in Riyadh could be the beginning of a turning point in the tumultuous history of the Middle East post-1948.
The taxation environment in the GCC may be on the cusp of significant change.
A Free Trade Agreement (FTA) will be signed between the US and Kuwait by 2013, a senior US official said.
The US has presented a "first draft" of a free trade agreement to Qatar, HE the Finance Minister Yousef Hussain Kamal said.
While US free trade initiatives in the Gulf appear to be faltering, Europe has stepped into the vacuum, launching a charm offensive that appeared to be on the brink of clinching a trade pact with a bloc of six energy-rich Arab states.
The main reason for the delay in the finalisation of the GCC customs union was the unilateral decision by Oman, preceded by Bahrain, to sign a free trade agreement with the US.
