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GCC

Gulf Cooperation Council


FTA with GCC to impact Indian petrochemical sector – Study
“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-GCC free trade deal likely soon
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 seeks GCC free trade agreement
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.
GCC looks east for win-win trade deals
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.
GCC, China to sign ’’14-17 action plan, resume FTA negotiations - Amb. Al-Muzayen
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.
Support early conclusion of FTA with GCC: India to Kuwait
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).
Optimism on GCC-Singapore free trade deal despite lower exchange
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.
GCC-Singapore free trade deal boon for Saudi firms
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.
Xi seeks to resume FTA talks with Arab states
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.
Peru starts talks on FTA with Russia, Turkey, Israel
Peru’s Minister of Foreign Trade and Tourism, Magali Silva, said that Peru has started the first talks toward an eventual free trade agreement between Russia, Kazakhstan, Belarus, India, Indonesia, Turkey and Israel.
GCC-Singapore FTA comes into effect
The Gulf Cooperation Council-Singapore Free Trade Agreement (GSFTA) came into effect on Sunday, 1 September.
Proposed US-EU trade deal may impact business in GCC: report
The proposed Transatlantic Trade and Investment Partnership (TTIP) between the US and Europe will impact the GCC region’s aviation, energy and financial services’ sectors, a report has shown.
Japanese PM renews push Gulf trade agreement
Japanese Prime Minister Shinzo Abe has renewed a push for a free trade agreement with Gulf countries during a visit to the region.
Gulf states take harder line with EU over free-trade agreement
The GCC will not sign a new joint cooperation programme with the EU that involves sharing information on topics ranging from finance to climate change until both sides resolve differences over a trade agreement, the Kuwait News Agency quoted Ghanim Al Buainain, Bahrain’s minister of state for foreign affairs, as saying.
GCC-EU free trade agreement soon
"Almost 99 per cent of the items have being agreed and only one issue related to export duties is currently being reviewed before any decision is reached,” Bahrain’s Foreign Minister Shaikh Khalid bin Ahmed Al Khalifa said.
New Zealand to ratify free trade agreement with the GCC
The New Zealand government is likely to ratify a free trade agreement with the Gulf Cooperation Council (GCC) states within 12 months, a senior official said.
Sino-Gulf FTA ’may be signed this year’
A free trade agreement between China and the Gulf Cooperation Council may be concluded this year, the United Arab Emirate’s ambassador to China said.
Portugal expects FTA to bolster EU-GCC trade ties
Buoyed by a big surge in exports to Dubai, Portugal said on Thursday that it expects to significantly boost its trade with the GCC after the conclusion of a long-awaited free-trade agreement between the European Union and the GCC.
GCC, India seen to sign FTA within a year
The Gulf Cooperation Council countries and India are expected to conclude a free trade agreement for boosting trade within a year, K K M Kutty, former chairman of Confederation of Indian Industry, has said.
Pakistan, GCC negotiating Free Trade Agreement: Dr Asim
Special Assistant to the Prime Minister for Petroleum and Natural Resources Dr Asim Hussain on Thursday said that the Pakistan-Qatar Joint Ministerial Commission (JMC) would provide an excellent opportunity to enhance economic and trade relations between the two countries.