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Saudi Arabia Leads 2nd Round of GCC-Japan Free Trade Agreement Negotiations in Tokyo
Saudi Arabia Leads 2nd Round of GCC-Japan Free Trade Agreement Negotiations in Tokyo

Leaders

time4 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

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