GCC countries and Türkiye will start negotiations on a free trade agreement to boost economic ties between the various parties.
Gulf Cooperation Council (GCC) Secretary General Jasem Mohamed Albudaiwi and Republic of Türkiye Minister of Trade Dr. Omer Bolat have signed an agreement to start negotiations on a Free Trade Agreement (FTA) in a move that, according to Albdaiwi, proves the robust and strategic partnership the two sides enjoy.
Albudaiwi also said that the agreement also showcases successful regional and international cooperation in the field of commerce, economy, and finance.
GCC-Türkiye trade
He said the close cooperation between Türkiye and the GCC countries helps boost economic relations, adding that there is mutual desire to further cooperate to expand trade and investment.
Albudaiwi stressed that Gulf countries are engaged in free trade negotiations with other nations, to open up trade opportunities, promote economic cooperation, and open up markets for their goods and services, adding that this is part of the bloc’s endeavour to diversify sources of income and foster economic growth.
Source:https://www.arabianbusiness.com/politics-economics/gcc-seeks-free-trade-agreement-with-turkiye-for-uae-saudi-arabia-qatar-kuwait-bahrain-and-oman