GCC and Korea Launch 6th Round of Free Trade Agreement Negotiations

  • 2/5/2023
  • 00:51
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Seoul, Oct. 24, 2022, SPA -- The sixth round of revived negotiations between the Riyadh-based Gulf Cooperation Council (GCC) and the Republic of Korea to reach a free trade agreement was launched in the Korean capital of Seoul today and lasts until 28 of October. The two sides expressed readiness to advance discussions on a free trade agreement between the two regional trade giants after a 13-year suspension. The agenda of the sixth round include trade in goods and services, investment, digital trade, and intellectual property rights. Since 19 January 2022, the two sides held three rounds of trade negotiations, reflecting serious determination to go-ahead with the issue. --SPA 05:10 LOCAL TIME 02:10 GMT 0002 www.spa.gov.sa/w1802298

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