Background and Context of the Study

Doren Chadee, Banjo Roxas () and Tim Rogmans
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Tim Rogmans: Zayed University

Chapter 1 in Prospects and Challenges of Free Trade Agreements: Unlocking Business Opportunities in Gulf Cooperation Council (GCC) Markets, 2015, pp 1-8 from Palgrave Macmillan

Abstract: Abstract This chapter provides the necessary background and context for the study. Australia and the Gulf Cooperation Council (GCC) states have a long history of trade and investment activities between them. Trade and investment have evolved gradually over the years. However, the acceleration of globalisation and the resulting changes taking place in the structure of the world economy have led many small economies such as Australia and the GCC states to engage strategically with their trading partners in order to remain an integral part of the global economy. Australia and GCC started to negotiate a free trade agreement (FTA) in 200J with negotiations slowing down for a number of years. Recently, Australia has shown a strong determination to conclude a successful FTA with the GCC. Such a prospect raises a number of interesting questions regarding the potential benefits of a successful Australia-GCC FTA which is the subject of this research.

Keywords: Free Trade Agreement; Gulf Cooperation Council; Gulf Cooperation Council Country; Regional Trade Agreement; European Free Trade Area (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-47988-4_1

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DOI: 10.1057/9781137479884_1

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