ISDS Case Map
GCC
The deal locks the UK into deeper commercial ties with some of the most repressive governments in the world, for economic gains so marginal they barely register.
The UK has struck a trade deal with six Gulf states in what he described as a huge win for British business, ending four years of talks led by four different prime ministers.
The United Kingdom and the six member states of the Gulf Cooperation Council (GCC) are reportedly on the verge of finalizing a long-negotiated free trade agreement, with an agreement-in-principle expected within days.
The Gulf Cooperation Council and the UK are aiming to conclude negotiations on a free trade agreement in the “near future” after commerce ministers from both sides made “significant progress” in talks aimed at deepening trade and investment ties.
India is pushing forward with trade deals. Negotiations for a free trade agreement with Canada are speeding up. Talks are also underway with Chile and Peru. However, discussions with the Gulf Cooperation Council have been temporarily halted due to the ongoing conflict in West Asia.
The FTA with the UK, however, could be implemented by May 1 and the trade agreement with the European Union could be ratified by the European Parliament by the end of November this year.
India and the Gulf Cooperation Council, which includes Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain, signed the Terms of Reference February to launch FTA negotiations
The negotiations for the proposed free trade agreement between India and the Gulf Cooperation Council were formally launched here with the signing of a joint statement.
The EU's special envoy to the Gulf said it's high time to get a deal done as Brussels looks to bolster business ties with wealthy Arab nations. Free trade talks have stalled for two decades over political disagreements and conditions for market access.
India and the Gulf Cooperation Council (GCC) will on sign the terms of reference for a free trade agreement (FTA) to start talks for a trade pact. The terms of reference (ToR) define the scope, rules, and framework of a trade deal.
