Trade Agreement In Gulf Countries

The Chapter on Trade in Services (Chapter 3) closely follows the approach of the WTO General Agreement on Trade in Services (GATS). It covers all four types of services within the meaning of the GATS and is addressed to all services sectors. The chapter deals with general disciplines, while the annexes contain more specific provisions for certain sectors or aspects (e.g. B on mutual recognition, passenger transport, financial services and telecommunications). There is also a protocol to the agreement concerning the services that are an integral part of the agreement. The GCC countries are rich in oil and gas, but have no arable land for food production and a high demand for imported food and beverages. New Zealand`s milk and meat exports are part of this demand. According to the Federal Customs Authority (FCA) of the United Arab Emirates, the United Arab Emirates has also signed agreements with the following countries: Islamic Republic of Pakistan (2006), Republic of Algeria (2007), Republic of Azerbaijan (2011), Republic of India (2012), Republic of Kazakhstan (2012), Republic of Argentina (2013), Republic of Armenia (2013), Republic of Maldives (2014), Republic of South Korea (2015) and Kingdom of the Netherlands (2015). In June 2009, the GCC signed a free trade agreement with ETFA (Iceland, Liechtenstein, Norway and Switzerland), which was implemented in July 2015. Describes the bilateral and multilateral trade agreements in which this country participates, including with the United States. Contains websites and other resources for U.S. companies to get more information on how to use these agreements.

GCC countries are also motivated to reduce their trade dependence on oil and diversify their economies into the high-tech and services sectors. With regard to investment and intellectual property rights, the parties agreed to conduct negotiations on these issues after the entry into force of the agreement. Basic agricultural products are covered by bilateral agricultural agreements, which are part of the instruments for the creation of the free trade area between the parties. In the field of intellectual property, the Contracting Parties essentially confirm the WTO TRIPS Agreement. . . .