Latest news with #FareedAl-Asaly
Leaders
5 days ago
- Business
- Leaders
Saudi Arabia Leads 2nd Round of GCC-Japan Free Trade Agreement Negotiations in Tokyo
The General Authority of Foreign Trade, represented by Deputy Governor for International Organizations and Agreements Fareed Al-Asaly, is leading Saudi Arabia's delegation in the second round of negotiations for the Free Trade Agreement between the Gulf Cooperation Council (GCC) and Japan. The talks are taking place in Tokyo from June 30 to July 4. The Saudi negotiating team is responsible for overseeing the discussions, ensuring they align with the Kingdom's trade policies and strategic goals. The team also plays a direct role in shaping and presenting Saudi Arabia's positions during the negotiations. In 2024, trade between Saudi Arabia and Japan reached approximately $36 billion. Saudi exports—primarily mineral and organic chemical products—accounted for about $28 billion. Imports from Japan, valued at around $8 billion, were mainly composed of vehicles, machinery, and mechanical appliances. The General Authority of Foreign Trade continues to work toward strengthening Saudi Arabia's global trade presence, maximizing economic benefits, and enhancing its active role in international organizations in pursuit of shared growth and sustainable development. Related Topics : GAFT Leads Saudi Team at GCC-Turkey Free Trade Negotiations Saudi Arabia Participates in First Round of GCC-Japan FTA Talks Finance Minister Leads Delegation at 122nd GCC Financial, Economic Cooperation Meeting GCC, Indonesia Sign Joint Statement ahead of Free Trade Agreement Negotiations Short link : Post Views: 6 Related Stories
Saudi Gazette
5 days ago
- Business
- Saudi Gazette
Foreign Trade Authority leads Saudi negotiating team in second round of GCC-Japan FTA Talks
Saudi Gazette report ALULA — The General Authority of Foreign Trade, represented by Deputy Governor for International Organizations and Agreements and Head of the Saudi Negotiating Team Fareed Al-Asaly, is heading Saudi Arabia's delegation in the second round of negotiations for the Free Trade Agreement between the Gulf Cooperation Council (GCC) and Japan, being held in Tokyo from June 30 to July 4. The negotiating team is tasked with overseeing and monitoring the progress of the trade negotiations to ensure alignment with the Kingdom's trade policies and goals. It also participates directly in incorporating Saudi negotiating positions. In 2024, the trade volume between Saudi Arabia and Japan reached around $36 billion. Saudi exports were led by mineral products and organic chemical products, while imports from Japan were dominated by vehicles and their parts, along with machinery and mechanical appliances and their parts. Saudi exports amounted to around $28 billion, while imports totaled around $8 billion. The General Authority of Foreign Trade seeks to enhance the Kingdom's international trade gains, global presence, and active participation in various international organizations to ensure the achievement of shared goals and sustainable development.
