Gcc Trade Agreement

In the area of intellectual property, the contracting parties essentially confirm the WTO TRIPS agreement. They agree to conclude negotiations on an annex on the type of intellectual property no later than two years after the agreement enters into force. In the meantime, a specific consultation mechanism is provided in the event of intellectual property issues affecting the terms of the exchanges between the parties. The scope of the free trade agreement covers trade in goods (industrial and processed products, fish and other seafood), trade in services, public procurement and competition. With regard to investments and intellectual property rights, the parties agreed to negotiate these issues after the agreement came into force. Commodities are covered by bilateral agricultural agreements, which are part of the free trade area instruments between the contracting parties. Both parties agreed to include in the agreement a letter requiring the parties to enter into negotiations on non-service sectors (agriculture and industry) no later than two years after the agreement enters into force. The free trade agreement between the Gulf Cooperation Council for the Gulf Arab States (GCC) and the EFTA states was signed in Hamar, Norway, on 22 June 2009. The agreement includes a total of 93 articles and 16 annexes and includes a wide range of areas, including trade in goods, trade in services, public procurement, intellectual property rights, administration, dispute resolution and competition. The AELE-CCG Joint Committee established by the agreement will oversee the implementation of the agreement, which also provides for the resolution of disputes through arbitration. In addition, bilateral agricultural products agreements between three EFTA states and the GCC are part of the instruments for establishing the free trade area between the two parties. The free trade agreements between the GCC and the free trade agreement contain a chapter on public procurement, which contains specific rules and principles that take into account and allow golf companies to participate in public tenders in EFTA states and vice versa. The aim of the chapter is to ensure and grant transparency and market access on the basis of the principle of non-discrimination such as questioning.

The public procurement chapter discusses the procedures to be followed by a public body that procures construction goods, services and services above certain thresholds. The most frequently asked questions about new free trade agreements with the GCC. No no. This agreement does not (currently) provide for the possibility of an invoice declaration of origin for licensed exporters or others. The two sides meet annually to discuss trade, including through the EU-GCC Joint Cooperation Committee in Riyadh or Brussels. As soon as the agreement enters into force, industrial products, including fish and other seafood, will have duty-free access to the respective markets of efTA states. For products imported into the GCC, most tariffs will be eliminated. Some products are duty-free after a five-year transitional period, while others are excluded or excluded from the scope.