Until recently, the European Union (EU) was ranked as the top trading partner of the Gulf Cooperation Council (GCC), but the EU's delay in signing a free trade agreement after 20 years of negotiations has led to a decline in trade between the two.
We had earlier warned that this delay would negatively impact commercial ties between the EU and the GCC, especially as alternatives emerged as a result from major changes in international economic relations.
However, the EU is foc-using more on minor details than on expanding its interests in the region, which has one of the highest growth rates in the world.
No comments:
Post a Comment