Pakistan and Saudi Arabia reach consensus on long-awaited GCC free trade agreement

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Pakistan’s Commerce and Industries Minister, Dr Gohar Ejaz, led an official delegation to Saudi Arabia. The delegation included secretaries from the Ministry of Commerce, the Board of Investment (BOI), and officials from the Attorney General’s Office. 

They engaged in discussions with the GCC Chief Negotiator to finalise the investment-related aspects of the Gulf Cooperation Council (GCC) Free Trade Agreement (FTA). Technical teams delved into details such as investment protection and facilitation. 

Dr Ejaz expressed optimism about strengthening economic ties and highlighted the significance of the investment chapter. 

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The GCC FTA is anticipated to enhance trade, investment, and job opportunities between Pakistan and the GCC. 

Both parties are considering a joint business forum to further promote economic collaboration, and Dr Ejaz expressed gratitude for the warm hospitality extended by the GCC.

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