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‘Gulf-Korea FTA marks historic economic milestone’
"The implementation of such free trade agreements follows directives from GCC leaders aimed at strengthening economic ties with other countries and international blocs and fostering joint trade and investment interests," he adds, noting that the deal signifies a shared commitment to bolster the strategic alliance and economic cooperation.
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Conflict points to economic shift in Arab-Israel ties
Bahrain's expulsion of Israel's ambassador and halted trade may foreshadow a broader economic realignment in the Middle East, threatening key regional trade pacts. -
GCC-China strategic alliance focuses on mutual trust
"A Free Trade Agreement between the GCC countries and China will be a pivotal channel to amplify GCC-Chinese relations across all sectors, especially in economics and investment. It will play a crucial role in augmenting the mutual benefits and trade exchanges, benefiting numerous countries and their citizens," he adds. -
GCC FTA, tech MoU enhance Pakistan-Saudi relations
In landmark developments, Saudi Arabia and Pakistan have taken significant strides to enhance their bilateral relations, especially in the economic and technological arenas. -
GCC, Japan resume Free Trade Agreement negotiations
Jeddah, Saudi Arabia--Looking to consolidate trade and investment ties, the Gulf Cooperation Council (GCC) and Japan announced their resumption of the Free Trade Agreement (FTA) negotiations. In this regard the two sides signed a joint statement on the sidelines of the meeting held here today between Fumio Kishida, Prime Minister... -
Trade pacts propel Jordan’s trade to $23bn with partner nations
Amman, Jordan - Jordan's trade exchange with countries it has free trade agreements with accounted for a significant portion of its overall trade in 2022, amounting to 58 percent, as per data published by the Amman Chamber of Commerce. The total value of these exchanges surpassed $23 billion, with more... -
GCC secretary general exhorts boosting trade relations with UK
Riyadh, Saudi Arabia--The GCC has called for the strengthening of trade and investment relations with the United Kingdom amid the ongoing negotiations over a GCC-UK free-trade agreement. The call was made by the organization's secretary general Jassem Mohamed Albudaiwi during a meeting with Kemi Badenoch, UK business secretary in Riyadh... -
UAE, Georgia sign Comprehensive Economic Partnership Agreement
The UAE and Georgia signed a joint statement confirming the successful conclusion of negotiations towards the UAE-Georgia Comprehensive Economic Partnership Agreement (CEPA). UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi and Vice Prime Minister and Minister of Economy and Sustainable Development of Georgia Levan Davitashvili... -
UAE-Israel ties solid despite clashes in Palestine
The Israeli-UAE trade is likely to get an added boost in the next few weeks as an anticipated signing of a customs agreement will enable the FTA signed last year to go into effect. -
GCC, S. Korea begin sixth round of talks on free trade agreement
SEOUL, SOUTH KOREA - The sixth round of revived negotiations between the Riyadh-based Gulf Cooperation Council (GCC) and the Republic of Korea to reach a free trade agreement was launched in the South Korean capital of Seoul Tuesday and lasts until October 28. The two sides expressed readiness to advance... -
S. Korea, Arab nations to hold new round of FTA talks
SEOUL, S. KOREA - South Korea and a group of Arab countries will hold another round of negotiations for their free trade deal next week, Seoul's trade ministry said Sunday. South Korea and the Gulf Cooperation Council (GCC) will begin the sixth round of official talks for a bilateral free... -
GCC and UK hold first round of talks on Free Trade Agreement
The British government said the Free Trade Agreement is a major economic opportunity and plays a key role in the relations between UK and GCC. -
GCC and UK set sights on signing Free Trade Agreement
Dr. Nayef Al Hajraf, Secretary-General of the GCC, voiced hope that the talks would lead to an ambitious Free Trade Agreement (FTA) and open new horizons for joint investment. -
UAE, Kenya to begin negotiations on free trade agreement
UAE and Kenya announced their intention to begin talks for a Comprehensive Economic Partnership Agreement (CEPA) between the two countries in Nairobi. -
Growth in focus as UAE signs CEPAs with key nations
Since February this year, the Gulf country has inked Comprehensive Economic Partnership Agreements with India, Indonesia and Israel. Trade deal with Colombia is also imminent. -
GCC, Korea discuss intra-trade during FTA talks
The two sides launched their negotiations on June 6, during which they discussed many topics aimed at enhancing investments between the two sides. -
GCC, Pakistan launch 3rd round of free trade negotiations
The Chairman of the GCC Negotiating Team, Abdulrahman bin Ahmed Al-Harbi, stressed the importance of pursuing negotiations with Pakistan. -
Oman-India Joint Commission to discuss Free Trade Agreement with GCC
A meeting of the Oman-India Joint Business Council, under the umbrella of the Federation of Indian Chambers of Commerce and Industry and the Oman Chamber will be held Friday. -
Jordan’s trade with US touches $1.384bn in 2021
Jordan was the first Arab country to sign a free trade agreement (FTA) with the United States in 2000. -
China wants greater GCC role in global, regional affairs
GCC Secretary-General Naif Falah Al-Hajraf and Chinese State Advisor and Minister of Foreign Affairs, Wang Yi, also agreed on a free trade agreement. -
Free Trade Agreement with UAE nearing conclusion, says Indian minister
India’s Minister of Commerce and Industry, Piyush Goyal, on Wednesday told the heads of top business and industry associations in New Delhi that the Free Trade Agreement (FTA) with the UAE is "nearing conclusion". Goyal said, "the government was striving to conclude several early harvest agreements with countries so that... -
UAE gateway to GCC and Africa markets, says India’s industry minister
India's Minister for Commerce and Industry Piyush Goyal has said that his country's goal is to become the UAE's number one trading partner. Goyal talked with industry executives and leaders of Export Promotion Councils in Mumbai on Saturday on using available opportunities to widen their global impression by grasping business... -
Jordan exporters eye ‘promising’ Canada market
Jordan Exporters Association Khudari said the FTA between the two countries, which came into effect in 2012, provides "various and promising" opportunities for the country's businesses to enter the Canadian market. -
South Korea mulls reviving FTA talks with GCC
The two sides have not had a mutual FTA for more than 10 years now.