EU to establish free trade zone with Gulf countries
BRUSSELS: The European Union and members of the six-nation
Gulf Cooperation Council (GCC) hoped to establish terms for a free trade
zone by the end of the year, officials from both sides said here on
Monday.
"We are very close to an agreement," said Chairman of the GCC
ministers Ahmad Bin Abdullah Al-Mahmoud, Qatar's minister of state for
foreign affairs.
Al-Mahmoud, who met on Monday EU representatives in Brussels, said he
hoped the signing of an agreement on the matter would be done this year.
He said that final agreement depends on some remaining technical
questions for the GCC, which formed by Bahrain, Kuwait, Oman, Qatar,
Saudi Arabia and the United Arab Emirates, without giving further
details.
EU Trade Commissioner Peter Mandelson said a few days ago in Egypt
that the EU and the Gulf council "can close a deal this year. " The two
sides have been negotiating for a free trade zone since 2002. Xinhua,
Tuesday, AFP |