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Pakistan - GCC Free Trade Agreement

Pakistan is set to sign a FTA with the Gulf Cooperation Council (GCC) by the end of the year. The FTA is expected to remove tariff and non-tariff barriers that are hindering bilateral trade

Pakistani Foreign Minister Khurshid Mahmood Kasuri said that Pakistan has an important role to play in regional development and due to its geographic location it is a bridge between the Middle East, Central Asia and the Far East. Pakistan will play a key role in the supply of gas to India and China from Iran, Qatar, and Turkmenistan, he added.

GulfNews Reported
Pakistan expects to conclude a Free Trade Agreement (FTA) with the GCC this year and believes it will help tilt the trade balance in favour of Pakistan, a minister said on Thursday.
A ministerial meeting between Pakistan and the UAE will take place in Islamabad on December 6. The UAE delegation will be led by Shaikh Abdullah Bin Zayed Al Nahyan, Minister of Foreign Affairs.

If implimented with all fairness it will be a decision that will bring shifts to the economic paradigms.


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