Gulf oil producers could sign a long-sought free trade agreement with their main European economic partners within a month after almost two decades of tough negotiations, according to reports.
But Yousuf bin Alawi bin Abdullah, Oman's Minister for Foreign Affairs, acknowledged that two key issues remain unresolved, including demands by the European Union for Gulf Co-operation Council (GCC) countries to improve their human rights record and those related to high EU tariffs on Gulf exports of petrochemicals and aluminium.
After two days of talks between their foreign ministers in Muscat, Alawi bin Abdullah was quoted as saying the two sides had finalised negotiations on all topics needed to sign the landmark FTA.
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