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'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.
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.
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.
"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.
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.
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.