Gulf Cooperation Council's free-trade talks with EU break down

05/27/2010 | Bloomberg Businessweek

Trade negotiations between the Gulf Cooperation Council and the EU that began in 1991 collapsed after the council's negotiators decided no progress was being made. "Negotiations on the free-trade agreement were suspended because EU countries added a clause depriving GCC countries the right to impose duties on EU exports in the future," said Abdel Aziz Abu Hamad Aluwaisheg, director general of external economic relations at the GCC.

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