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EU sets talks with GCC states on strategic partnerships

EU sets talks with GCC states on strategic partnerships

The Nationala day ago
The EU on Friday said that it had received the mandate to launch negotiations with the Gulf Co-operation Council's six countries on concluding bilateral strategic partnership agreements.
Negotiations will start 'as soon as possible,' the EU Commission, the bloc's legislative arm, said. The complementary agreement negotiations are expected to go ahead with UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia.
'There is huge untapped potential in the EU's relationship with the Gulf region. As of today, we will negotiate bilateral Strategic Partnership Agreements with the six Gulf partners,' the EU's foreign affairs chief, Kaja Kallas, said on Friday.
The aim of the strategic partnership agreements 'is to provide for an ambitious, modern, comprehensive and effective framework for bilateral co-operation tailored to the shared priorities and objectives of the EU and each respective GCC partner,' the press statement read.
Commissioner for trade and economic security Maros Sefcovic said that the agreements would provide a 'major boost' to trade and investment relations. The negotiations framework includes a wide range of topics, including foreign and security policy, justice and law enforcement, and trade and investment.
The EU has also struck strategic partnership agreements with allies including Canada in 2016 and Japan in 2019.
Strategic partnership agreements with GCC countries 'will also allow for strengthening our co-operation at regional level to build peace and promote stability and prosperity in the broader Middle East,' said Commissioner for the Mediterranean, Dubravka Suica.
The talks will complement existing EU – Gulf co-operation frameworks, including continuing regional and bilateral negotiations on free trade agreements.
The EU and GCC have sought in recent years to revive talks on a free-trade agreement that stalled in 2008. In 2023, the EU was the GCC's second largest import partner, at €93.8 billion ($102 billion), and fourth-largest export partner, at €76.3 billion.
In April, the UAE and the EU separately agreed to begin talks on a potential free trade deal.
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