THE PENINSULA - May 16, 2016
The talks between GCC countries and China to reach a Free Trade
Agreement (FTA) have gained momentum. Once implemented, the agreement
will further boost cooperation and the volume of trade between the two
sides.
“The GCC countries and China are currently negotiating a free trade
agreement between both parties. There has been a number of negotiation
rounds so far, during which a number of topics was discussed. Both
parties have achieved good results in those rounds and are exerting
efforts to complete the discussion of all topics and issues related to
the agreement,” said Abdul Raheem Hassan Naqi, Secretary General of the
Federation of GCC Chambers yesterday at a press conference held at the
Qatar Chamber headquarters to announce the second edition of ‘Made in
China Exhibition’.
He said that total value of the GCC exports to China was $101bn in 2014,
equal to 11.7 percent of the total value of the GCC exports to the
whole world for the same year. The total value of the GCC exports to
China witnessed an increase in the period 2010-2014 with an annual
growth average of 17.8 percent.
READ MORE......
