Minister of Commerce and Chairman of the General Authority for Foreign Trade Dr. Majid bin Abdullah Al-Qasabi has announced that the Free Trade Agreement between the Gulf Cooperation Council (GCC) countries and Pakistan will strengthen bilateral trade and economic cooperation between the two sides. According to him, the agreement will also help resolve any obstacles currently obstructing trade between the two sides.
The agreement intends to increase trade and investment between GCC countries and Pakistan by eliminating tariffs on goods and expanding access to services.
The GCC and Pakistan signed the initial of their free trade agreement last Thursday in Riyadh.
Source: Saudi Press Agency