European Union-Gulf Cooperation Council FTA

EENI- School of International Business

Sub-subject: The European Union-Gulf Cooperation Council (GCC) Free Trade Agreement. Syllabus:

1. Introduction to the Cooperation Agreement between the European Union and the Gulf Cooperation Council (GCC)
2. International Trade Relations EU-GCC
3. The European Union-Gulf Cooperation Council Free Trade Agreement (FTA) (Not in force)

Sample of the Sub-subject: The European Union-Gulf Cooperation Council Cooperation Agreement:

Description of the Sub-Subject: The European Union-Gulf Cooperation Council Cooperation Agreement

The European Union-Gulf Cooperation Council Cooperation Agreement would provide for progressive and reciprocal liberalisation of foreign trade in products and services.

1. The European Union established trade relations with the countries of the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) through a Cooperation Agreement in 1988.
2. All the six Gulf Cooperation Council (GCC) economies benefit from preferential access to the European Union Markets under the Generalised System of Preferences (GSP)

International trade in goods (Euros).

1. The European Union bilateral trade with the six countries of the Gulf Cooperation Council has been increasing, total trade was 79.7 billion euros
2. The European Union exports of products to the Gulf Cooperation Council: 57.8 billion
3. The European Union imports of goods from the Gulf Cooperation Council: 21.8 billion