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FINANCIAL NEWS
GCC, China to boost free trade agreement
16 May 2016
(MENAFN) GCC States and China to make a Free Trade Agreement (FTA) and when it’s applied, the agreement will boost collaboration and the volume of trade between both sides.
Moreover, both sides are recently discussing a free trade deal between them, while whole value of the GCC exports to China was USD 101bn in 2014.
Additionally, the total value of the GCC exports to China viewed an increase in the period 2010-2014 with an annual increase average of 17.8 percent.
Furthermore, all GCC imports from China in 2014 were almost USD 56bn against USD 47bn in 2013, showing an increase of 18.4 percent.
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