Gulf states, EU to sign accord in Q1 2007


The Gulf Arab states, including Bahrain and Saudi Arabia, will sign a free trade agreement with the European Union in Q1 2007, Bahrain's deputy finance minister said.

An agreement between the two trading blocs is "imminent" Sheikh Ebrahim bin Khalifa al Khalifa told reporters in Dubai today. The office of EU TradeCommissioner Peter Mandelson has said that he may visit the Middle East next month in an attempt to conclude free-trade talks with the six Gulf states, that also includes Qatar, Oman, Kuwait and the United Arab Emirates, which have been under way for 15 years.

A free-trade accord would reduce barriers and fuel trade between the six-member Gulf Cooperation Council, which pumps about a fifth of the world's crude oil, and the 25-nation EU. Negotiations cover market access on goods and services, common rules and disciplines on intellectual property rights, competition, dispute settlement or rules of origin. The agreement will also cover political issues such as human rights, illegal immigration and efforts to fight terrorism. (Bloomberg)


Pandemic has only moderate impact on big companies Analysis

Pandemic has only moderate impact on big companies

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.