The Gulf Cooperation Council (GCC) and South Korea signed a free trade agreement (FTA) in the Korean capital Seoul, the GCC announced on Thursday.
In a statement, the Secretary-General of the Council, Jassem Al-Budaiwi, said that the agreement is “a historic step towards achieving Gulf economic integration and towards strengthening economic and trade relations between the two sides.”
The GCC Secretariat appointed a lead trade negotiator in 2022 and has held new rounds of FTA talks with major trading partners over the last year, including with China and post-Brexit Britain.
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