Arab News | 8 July 2023
Saudi commerce minister chairs preparation meeting for GCC-UK trade talks
RIYADH: The Saudi minister of commerce and chairman at the General Authority for Foreign Trade chaired in Riyadh this week a preparation meeting ahead of upcoming Free Trade Agreement talks between Gulf States and the UK, Saudi Press Agency reported.
The meeting, headed up by Majid bin Abdullah Al-Qasabi, aims to prepare for the fourth round of free trade agreement negotiations between Gulf Cooperation Council countries and the UK taking place from July 17-28.
The fourth round will be held in two sessions; remote as well as in-person meetings in London.
During the meeting, deputy governor of the Commission for International Organizations and Agreements, Farid bin Saeed Al-Asali, reviewed the progress of the negotiations.
He outlined the terms of the agreement with the heads of the negotiating technical teams in addition to discussing topics related to commodities, rules of origin, investment, and services, electronic commerce, and general texts and provisions, the SPA report said.
The Saudi negotiating team is working to ensure their compatibility with the Kingdom’s commercial goals and policies, to participate in trade negotiations to include its negotiating positions and coordinate with countries with similar orientations in international trade, the report added.