China is prioritizing a free trade agreement with the Gulf Cooperation Council in 2024, which would give Saudi Arabia low-duty access to the Chinese market for its exports of shrimp. The Gulf Cooperation Council is a trade bloc consisting of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. China has been negotiating a free trade deal with the GCC since 2005, but China has tightened its political bonds with the block, and specifically Saudi Arabia, in response to…
March 18, 2024
China working to ink free trade agreements with Saudi Arabia, Israel, Norway in 2024
4 Min
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