Free Trade Agreement Gcc
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. Industrial products, including fish and other seafood products, shall have duty-free access to the respective markets of the EFTA States from the entry into force of the Agreement. For products imported into the GCC, most tariffs will be eliminated. Some products are exempt from customs duties after a transitional period of 5 years, while others are excluded from tariff dismantling or are excluded from the scope. The agreement also provides for tariff concessions for processed agricultural products. 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. As regards rules of origin, the agreement is based on the European model and contains EUR.1 movement certificates. It also contains provisions on anti-dumping, state trading enterprises and subsidies, as well as sanitary and phytosanitary measures and technical regulations. The most frequently asked questions about the new free trade agreements with the GCC.
The EU and the Gulf Cooperation Council started negotiations for a free trade agreement in 1990. The free trade agreement must provide for progressive and reciprocal liberalisation of trade in goods and services. Negotiations faced several challenges and virtually ceased in 2008, when the GCC countries suspended all ongoing negotiations in which they participated. No no. This agreement does not (at present) provide for the possibility of an invoice origin declaration, either for approved exporters or for others. . . .