It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. Includes websites and other resources that allow U.S. companies to get more information about how they can use these agreements. Chapter 3 on Trade in Services closely follows the approach of the WTO`s General Agreement on Trade in Services (GATS). It covers the four service providers within the meaning of the GATS and is aimed at all service sectors. The chapter deals with general disciplines, while the annexes contain more specific provisions for certain sectors or aspects (for example. B on mutual recognition, people transport, financial services and telecommunications). There is also a record of communication relating to the services that are an integral part of the agreement. The United States began negotiating a free trade agreement with the United Arab Emirates in March 2005. In early 2007, the United States and the United Arab Emirates announced that they could not conclude free trade negotiations within the timeframes for the trade promotion authority, but that both sides would continue to work towards the subsequent conclusion of free trade negotiations. There have been no further negotiations for a free trade agreement.
In 2012, the United Arab Emirates, as members of the Gulf Cooperation Council (GCC), became parties to the framework agreement between the United States and the GCC on trade, economy, investment and technical cooperation. In 2014, the United Arab Emirates ratified the agreement by Federal Decree 86. Since 2012, the United States and the United Arab Emirates have organized several iterations of the economic policy dialogue between the United States and the United Arab Emirates, which provides a platform to cooperate on economic issues and irritate bilateral trade relations. The two sides meet annually to discuss trade, including through the EU-GCC Joint Cooperation Committee in Riyadh or Brussels. The agreement also provides tariff concessions for processed agricultural products. Commodities are covered by bilateral agricultural agreements, which are part of the free trade area instruments between the contracting parties. Cooperation between the EU and the GCC is ongoing on trade and investment, macroeconomic issues, climate change, energy and the environment and research. The framework for economic and political cooperation between the EU and the GCC countries is established by the 1988 EU-GCC Cooperation Agreement, which aims to improve trade relations and stability in a strategic part of the European neighbourhood.
The agreement created a Joint Council and a Joint Cooperation Committee, which meet annually. For EFTA-CCG trade statistics, see EFTA`s trade statistics tool The six member states of the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and Water) are a commercially important region and were the EU`s fourth largest export market in 2016. The GCC countries have formed their own customs union and are working towards an internal market. Status: Negotiations ended in October 2009. We continue to receive positive signals about the willingness of the Gulf Cooperation Council (GCC), including Saudi Arabia, to resume the process of finalizing the NZ/CCG free trade agreement. However, some steps still need to be taken by the GCC before they can do so, and officials are continuing their discussions with GCC countries on this issue. The current regional dynamics have also had an impact on the ability of GCC countries to make a common decision. As a result, it is unlikely that the free trade agreement will be concluded until this impasse is resolved. The parties recognize that anti-competitive business practices may restrict trade between them.
As a result, each party undertakes to enact or maintain competition laws in order to avoid such practices. The parties also agree to cooperate on the application of competition law.