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Gulf, Turkey hold new round of talks
Published in The Saudi Gazette on 18 - 10 - 2010

KUWAIT CITY: Foreign ministers of energy-rich Gulf countries and Turkey Sunday held a new round of talks aimed at boosting economic and political ties and signing a free trade agreement.
Turkish Foreign Minister Ahmet Davutoglu said the meeting agreed to form working teams on economic and cultural sectors including transport, education and health. “The teams will jointly study cooperation plans... so the GCC and Turkey will be integrated in all economic aspects,” Davutoglu told reporters.
“We believe that Turkey and the GCC have the same objectives in many fields,” he said.
Kuwait's Foreign Minister Sheikh Mohammad Al-Sabah, whose country holds the rotating presidency of the six-nation Gulf Cooperation Council (GCC), said the meeting also discussed several political issues.
A program to develop strategic ties between the two parties was agreed, he said. Opening the meeting earlier, Sheikh Mohammad said GCC-Turkey trade has grown rapidly. The GCC and Turkey in September 2008 signed a memorandum of understanding to achieve a strategic partnership in all fields between the Arab bloc and Ankara. Sheikh Mohammad said trade between the GCC and Turkey grew from $1.5 billion in 1999 to $17.5 billion in 2008.
In 2008, GCC exports to Turkey rose five times over 2007 and imports from Ankara increased a massive 15-fold, he said.
But GCC Secretary General Abdulrahman Al-Attiyah told the meeting that although there was some progress in certain aspects of cooperation, obstacles to a free trade agreement still existed.
Attiyah said that a joint economic cooperation committee was formed this year to activate a framework trade agreement signed in 2005 with the ultimate aim of striking a free trade accord.
– Agence France


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