[Excerpt: Qatar's neighbour, Bahrain has also recently agreed on an FTA
with the US, raising concerns among other Gulf Cooperation Council (GCC)
members, especially Saudi Arabia....
Saudi Arabia's Crown prince Abd Allah bin Abd al-Aziz had also boycotted
the recent GCC summit in Bahrain apparently in protest against the trade
deals with the US.]

http://english.aljazeera.net/NR/exeres/5FFB2254-E111-4843-8CFB-CAAFB8B21C88.htm

Qatar considers trade deal with US

Sunday 23 January 2005, 15:26 Makka Time, 12:26 GMT  

Qatar is considering a free trade agreement with the US, a local
newspaper has said.

The Qatari daily Gulf Times on Sunday published an article indicating
the two countries have held initial talks on the free trade pact, which
could be signed this year.

Qatar's Minister of Economy and Commerce Shaikh Muhammad bin Ahmad bin
Jassim al-Thani was quoted at a recent conference as saying the
government considered a free trade agreement with the US vital.

"Yes, we are definitely considering a free trade agreement," he said at
the Project Opportunities in Qatar conference.

The deal would also assist Qatar's economic integration into global
markets, according to government sources.

"Both sides will benefit from the agreement and they will be long-term.
On our side our exports will get tax relief and protection on the
strength of a Free Trade Agreement (FTA) with the US," the sources said.

Saudi concerns

Qatar's neighbour, Bahrain has also recently agreed on an FTA with the
US, raising concerns among other Gulf Cooperation Council (GCC) members,
especially Saudi Arabia.

Saudi Arabia's Crown prince Abd Allah bin Abd al-Aziz had also boycotted
the recent GCC summit in Bahrain apparently in protest against the trade
deals with the US.

The kingdom, a regional heavyweight, had accused its smaller Gulf
neighbours of weakening GCC solidarity by forging separate economic and
security agreements with foreign powers.

Other GCC members such as Kuwait, Oman and the United Arab Emirates plan
to sign similar deals, which could further alienate Riyadh.
Aljazeera
enditem


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