Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
    Squid Game Season 3
    Videos

    Squid Game Season 3: Final Trailer Unveils Epic Plot

    June 14, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Free trade pact with Gulf states still not in sight
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Business > Free trade pact with Gulf states still not in sight
Business

Free trade pact with Gulf states still not in sight

Web Desk
By Web Desk Published November 11, 2014 2 Min Read
Share
SHARE

After a lapse of 10 years, Pakistan is yet to pursue the Gulf Cooperation Council (GCC) for holding third round on conclusion of a Free Trade Agreement (FTA) to remove existing tariff and non-tariff barriers.

Pakistan and GCC have signed a framework agreement on economic cooperation on August 26, 2004. Under the framework both sides have held only two rounds of talks, with the last one in the year 2008.

An official said during the first round of negotiations held in Riyadh, in 2006, GCC agreed to engage with Pakistan to establish a free trade area to boost foreign direct investment, joint ventures and greater economic cooperation.

In the second round held in 2008, the text of FTA modalities, regarding the concession lists and rules of origin were discussed.

According to the official, the ministry of commerce has already circulated draft text to the stakeholders, preparation of concessions lists, circulation of concessional lists and convening of inter-ministerial meeting.

In the year 2010, the official said a memorandum of standing of strategic dialogue between GCC and Pakistan was signed, which included conducting negotiations on FTA. But the signing of the FTA has been delayed for ‘unknown’ reasons.

The only response that came from the ministry of commerce about the delay was that GCC suspended all its ongoing FTA negotiations in 2008.

Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Iran Charges French Couple with Spying for Israel

Iran Charges French Couple with Spying for Israel, Faces Death Penalty

Megyn Kelly Jabs at Sydney Sweeney

Megyn Kelly Claims Sydney Sweeney’s Invite to Bezos’ Wedding Was All About Her Breasts

Trump Vietnam Trade Deal

Trump Announces US-Vietnam Trade Deal with 20% Tariff

Post Archives

More Popular from Photonews

Wall Street Tesla
BusinessTop News

Wall Street Dips as Tesla Falls Amid Trump-Musk Feud Over Tax Bill

3 Min Read
PSX market surge
Business

PSX KSE-100 Surges 1,581 Points as Budget Approval Boosts Sentiment

3 Min Read
Kanye West Bianca Censori candy lingerie
Offbeat

Kanye West Pays Bianca Censori $250K for Candy Lingerie Stunt in NYC

3 Min Read
Entertainment

Diddy’s Daughters Break Down as Sex Trafficking Trial Nears Verdict

Sean "Diddy" Combs’ twin daughters, D’Lila and Jessie Combs, left a New York courtroom in tears…

June 28, 2025
Tech

iPhone 17 Pro Max Set to Launch in September 2025 with Major Upgrades

Apple is poised to unveil the iPhone 17 Pro Max, its most advanced smartphone yet, at…

June 27, 2025
Sports

Jake Paul Enters WBA Top 15, Eyes Cruiserweight Title After Chávez Jr. Win

Jake Paul solidified his boxing credentials with a unanimous decision victory over Julio César Chávez Jr.,…

July 2, 2025
Tech

Apple Considers Outsourcing Siri AI to Anthropic or OpenAI

On July 1, 2025, reports surfaced that Apple may abandon in-house AI development for Siri, opting…

July 1, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?