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GCC countries, New Zealand to strengthen trade ties

15 Jun 2014

(MENAFN) New Zealand has signed a comprehensive free trade agreement (FTA) with the GCC countries to boost and strengthen trade ties between them, according to Arab News.

New Zealand Trade Minister Tim Groser said: “We’re making a lot of progress as far as the New Zealand-GCC free trade agreement is concerned. There are just a few legal issues being clarified and ironed out.”

The announcement was revealed in an exclusive interview between Groser and Ambassador Hamish MacMaster held at a hotel in Riyadh.

Groser added: “We’re just a small part of the equation but our experience with FTAs is that these could also serve as platforms to develop other forms of cooperation between or among countries.”

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