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EU Should be Flexible to Reach Trade Deal With Gulf

Gulf Arab oil producing countries would sign a long-delayed free trade agreement with the European Union immediately if the bloc shows flexibility over export duties, a Gulf Cooperation Council official said on Sunday.

Both camps started negotiating a free trade agreement two decades ago but the talks have repeatedly faltered over issues ranging from export tariffs the Gulf states want to retain the right to impose, to human rights concerns raised by the EU.

Source: Reuters

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