ISDS Case Map
GCC
As negotiators sat down for talks in Saudi capital Riyadh, Britain’s Business and Trade Secretary Kemi Badenoch welcomed the early progress in trade relations with Gulf nations as hopes of a £1.6 billion pact increase.
South Korea is continuing negotiations on a free trade agreement with the Gulf Cooperation Council to enhance its energy security and improve the economics of importing sour crude from the Middle East.
The intent of a free trade deal has been announced and meetings will start soon, says a source.
Korea and a group of Arab countries will hold a new round of negotiations for their free trade deal in Saudi Arabia this week, Seoul's trade ministry said Tuesday.
It would open up opportunities in sectors such as renewables, technology, manufacturing and tourism, analysts say.
Foreign Minister Qin Gang called for a China-Gulf free trade zone to be established as soon as possible in a telephone conversation with his Saudi Arabian counterpart Faisal bin Farhan Al Saud.
India and the Gulf Cooperation Council (GCC) have agreed to pursue a free trade agreement (FTA) between the two regions and resume the negotiations, Commerce and Industry Minister Piyush Goyal said.
“The GCC EU FTA has been stalled for almost 30 years – a situation that does not reflect the strategic relationship between the GCC and the EU," said GCC secretary-general.
India-Gulf Cooperation Council (GCC) Free Trade Agreement talks are slated to restart in two to three weeks, government sources have told CNBC-TV18.
India is likely to begin the talks for a free trade agreement (FTA) with the Gulf Cooperation Council (GCC) next month, reports Economic Times.
