GCC, Japan agree to resume talks on free-trade agreement

GCC and Japan signed an agreement to resume negotiations on a free-trade deal. (Twitter/@@jasemalbudaiwi)
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Updated 17 July 2023
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GCC, Japan agree to resume talks on free-trade agreement

  • GCC Secretary-General lauded Japan for its significant regional and international roles

RIYADH: The Gulf Cooperation Council and Japan signed on Sunday an agreement to resume negotiations on a free-trade deal as they reaffirmed the importance of close cooperation to strengthen their economic relations.

The signing took place on the sidelines of a meeting between GCC Secretary-General Jassem Mohamed Albudaiwi and Japanese Prime Minister Kishida Fumio in Jeddah.

Albudaiwi lauded Japan for its significant regional and international roles, as well as its support for GCC member states on a variety of issues, the Kuwait News Agency (KUNA) said in a report.  The GCC is composed of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.

In a joint statement, the two sides said it is their desire to expand trade liberalization and investment in a "mutually beneficial manner".

"Acknowledging that the Free Trade Agreement between Japan and the Gulf Cooperation Council (JGFTA) will provide the valuable foundations for expanding trade and investment and achieving greater cooperation between the two sides," the statement said.

As agreed upon, the next round of the JGFTA negotiations will be in 2024, said the statement signed by Ambassador Iwai Fumio, Japan's envoy to Saudi Arabia, and Dr. Raja Almarzoqi, chief negotiator of the GCC.

Prime Minister Kishida arrived in Jeddah on Sunday on the first leg of his three-day tour, which will also bring him to the UAE and Qatar.

In Jeddah, he met with Saudi Arabia's Crown Prince Mohammed bin Salman and also attended a dialogue with Saudi dignitaries and businessmen.

Kishida's trip is intended to help Japan develop its ties with GCC ountries and build cooperation in various fields, particularly energy.  

Saudi Arabia, the UAE, and Qatar account for over 80 percent of Japan’s total crude oil imports.  

Decoder

What is JGFTA?

Short for Free Trade Agreement between Japan and the Gulf Cooperation Council, the proposed accord received a boost after GCC Secretary-General Jasem Mohamed Albudaiwi and Japan's Prime Minister Fumio Kishida signed a deal on July 16, 2023 in Jeddah to resume negotiations. The JGFTA is thought "to provide the valuable foundations for expanding trade and investment and achieving greater cooperation between the two sides."


Oman and Lebanon call for full Israeli withdrawal, urge end to attacks

Updated 58 min 46 sec ago
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Oman and Lebanon call for full Israeli withdrawal, urge end to attacks

  • Joseph Aoun and Sultan Haitham bin Tariq make a joint call for an immediate halt to Israeli attacks on Lebanese territory
  • Reaffirmation of the unified Arab position on ending the Israeli occupation and establishing an independent Palestinian state based on the 1967 borders

BEIRUT: Lebanese President Joseph Aoun and his Omani counterpart Sultan Haitham bin Tariq on Wednesday made a joint call for an immediate halt to Israeli attacks on Lebanese territory and a full withdrawal from all occupied Arab lands, warning that continued violations pose a direct threat to regional stability.

The statement came during a high-level summit in Muscat, where both leaders voiced “serious concern over the ongoing Israeli aggression” and described the occupation as a “clear violation” of UN Security Council Resolution 1701 and other international resolutions.

The two sides also expressed support for international efforts to de-escalate tensions, stabilize the situation on the ground, facilitate the return of displaced persons, and advance post-conflict reconstruction.

Aoun led a Lebanese ministerial delegation to Oman that included Lebanon’s ministers of foreign affairs, interior, defense, health, and agriculture for talks with Omani officials.

The joint statement emphasized the strengthening of bilateral ties and expanding cooperation in key sectors including politics, the economy, investment, banking, tourism, transport, and logistics.

Both sides called for early preparations to hold the first session of the Omani-Lebanese Joint Committee, chaired by the two foreign ministers in Muscat, and to pursue new agreements and memorandums of understanding intended to enhance collaboration in trade, culture, and science. The statement also highlighted the need to boost private sector engagement in shared development opportunities.

The Omani side reaffirmed its full support for Lebanon’s sovereignty, independence, and territorial integrity, as well as for strengthening Lebanese state institutions, particularly the army and legitimate security forces, and backing the country’s ongoing economic, financial, and administrative reforms.

The two sides reaffirmed the unified Arab position on ending the Israeli occupation and establishing an independent Palestinian state based on the 1967 borders, with East Jerusalem as its capital. They also underscored the importance of strengthening Arab solidarity, respecting the sovereignty of states, and upholding the principles of good neighborliness and international law.

Aoun’s official visit to Oman took place within the context of Muscat’s established role as a regional and international mediator. During his meetings, Aoun praised Oman’s diplomatic standing and approach, describing it as “wise and responsible.”

He commended Oman’s foreign policy, grounded in dialogue, mediation, balance, and good neighborliness, saying it had earned the sultanate a “distinguished status and a pivotal role in promoting stability and resolving conflicts through peaceful means.”

Aoun said that, in Lebanon, “we hold this wise approach in high regard and deeply value the sultanate’s steadfast support for Lebanon in various international forums, as well as its support as we confront the challenges before us.”

For his part, Sultan Haitham bin Tariq reaffirmed Oman’s continued commitment to Lebanon’s stability and its close monitoring of the latest developments in the country.

He emphasized the deep-rooted relations between the two countries and the importance of strengthening bilateral cooperation and coordination. The sultan also praised the positive contributions of the Lebanese community in Oman.

On the sidelines of the visit, Lebanese Interior Minister Ahmed Al-Hajjar held a meeting with his Omani counterpart Hamoud bin Faisal Al-Busaidi at Al-Alam Palace in Muscat. They underlined the enhancement of joint cooperation, particularly in security and policing.

According to a joint statement, the discussions also covered Lebanon’s efforts to consolidate internal security and maintain stability.

Participating on the Omani side in the expanded talks were Al-Busaidi; Shihab bin Tarik Al-Said, deputy prime minister for defense affairs; Badr bin Hamad Al-Busaidi, foreign minister of Oman; Hamad bin Said Al-Aufi, head of the private office; Mahad bin Said Ba’owain, minister of labor and head of the honorary mission; Saud bin Hamoud Al-Habsi, minister of agricultural, fisheries and water resources; and Hilal bin Ali Al-Sabti, minister of health.