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The Gulf Cooperation Council–United Kingdom free trade agreement (GCCUKFTA) is a proposed free trade agreement which began negotiations in June 2022. [1] When completed it will be the first free trade agreement between the United Kingdom and the Gulf Cooperation Council, or any of its member states: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
In August 2019, Qatar Central Bank stated that the country's economic growth will see a boost over the next two years amid expectations of stable oil prices and continued strong exports. The GDP is expected to grow at an average rate of 2.8% between 2018 and 2020, with the budget surplus falling to 4.35 billion riyals in 2019, from a surplus of ...
The OED records the use of the phrase "free trade agreement" with reference to the Australian colonies as early as 1877. [9] After the WTO's World Trade Organization - which has been considered by some as a failure for not promoting trade talks, but a success by others for preventing trade wars - states increasingly started exploring options to conclude FTAs.
"The Agadir Agreement" for the establishment of a free trade zone between the Arab Mediterranean Nations was signed in Rabat, Morocco on 25 February 2004. [3] [4] The agreement aimed at establishing free trade between Jordan, Tunisia, Egypt and Morocco which was seen as a first potential step in the formation of the Euro-Mediterranean free trade area as envisaged in the Barcelona Process.
On 6 September, a trade line route between Qatar and Turkey running through Iran was inaugurated, shortening the travel time of goods traded to under 2 days. Prior to the launch of this new trade route, transportation by land took 14 days, while transportation by sea took an additional 11 days.
In May, 2004, the Emir ruled that workers were allowed to form trade unions and professional associations. Additional reforms saw the right to strike, a ban on employment of youths under 16, an eight-hour working day, and equal labour rights for women legislated as part of a general reform process in Qatar. [ 2 ]
Canada and Qatar enjoyed friendly relations and coordination on the international field, long before Qatar's Embassy opened in Ottawa in 2011, including their joint military collaboration during the Gulf War and in the international intervention in Libya. Diplomatic relations between the two nations were established in 1974.
Qatar is Hong Kong's important trade partner in the Middle East since the 20th century. [5] Hong Kong's total exports to Qatar is US$30 million in January–March 2016. Major export items included telecom equipment and parts (US$10 million), jewellery (US$6 million) and travel goods & handbags (US$3 million).