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GCC Economic Agreement

GCC Economic Agreement

GAFT 01 November 1981


Objectives of the agreement:

aims at economic integration among GCC countries in the trade of goods, services, industry, and government procurement. Entry into effect: November 1981:​

Advantages:

  • Remove all customs duties and restrictions on intra-GCC trade and apply unified customs tariffs on GCC imports.
  • ​Liberalize trade in services sectors for hybrid service providers.
  • Grant the same treatment to GCC products, services, and service providers for national products.
  • Streamline movement of GCC natural and legal persons.
  • Provide the same privileges as citizens in government procurement.

Last modified date: Sunday 3 Safar 1447 corresponding 03 August 2025 12:38 PM KSA time