Gulf Council prepares for free trade deal with Turkey, envoy says

Turkish envoy Turker said that the council aimed at introducing a single currency as of 2010.

Gulf Council prepares for free trade deal with Turkey, envoy says

Engin Turker, Turkish Ambassador to Oman, has said that the Gulf Cooperation Council (GCC) formed by six countries in the Persian Gulf wanted to be a single economic power.

In an interview with the A.A prior to the 29th summit of GCC in Muscat, Turker said that the council aimed at introducing a single currency as of 2010.

"The council attaches importance to free trade agreement with the third countries. One of those countries is Turkey. The Council is about to finalize the preparatory efforts to sign a free trade agreement with Turkey," he said.

Referring to the bilateral relations between Turkey and Oman, Turker said, "trade volume between the two countries increased by threefold in recent years. Twelve Turkish firms have undertaken important projects worth of 3 billion USD in construction sector in Oman."

GCC was created on May 25, 1981 by Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The unified economic agreement between the countries of the Gulf Cooperation Council was signed on November 11, 1981.


AA

Last Mod: 29 Aralık 2008, 15:26
Add Comment