Sunday, June 27, 2010

GCC and EU free-trade agreement hampered by Saudi export tariff

After two decades, disparities between the GCC and the EU on a free-trade agreement (FTA) have narrowed down to export duties -Saudi Arabia wants to impose tariffs on its petrochemical exports. EU hadd suggested Saudi Arabia could impose duties on a percentage of export products, but the GCC insisted on imposing them across the board.

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