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FINANCIAL NEWS
GCC and Singapore improve their economic relations
03 Sep 2013
(MENAFN) The Gulf Cooperation Council (GCC) and Singapore made a Free Trade Agreement (GSFTA) that allows Singaporean goods worth USD3 billion to pass GCC borders without tariff, according to Gulf Daily News.
Singapore’s Ministries of Trade and Industry and Foreign Affairs said it applied its treatment of granting zero tariffs on all GCC imports beginning from September 1.
The growing economic relations between the GCC and Singapore will support many sectors in the countries, including telecommunications, electrical and electronic equipment, petrochemicals, jewellery, machinery and iron and steel-related industries.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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