Retail
Subscription
Advertise
  • Home
    • About Us
  • News
  • Transport
    • Air Cargo
    • Airlines
    • Maritime
    • Rail
    • Road
  • Ports
    • Airports
  • Materials Handling
    • Warehousing
  • Vehicles
    • Automobiles
    • Autonomous
    • Commercial
    • Construction
    • Truck & Fleet
  • E-commerce
  • Technology
    • Blockchain
    • IoT
    • Robotics
    • Telematics
  • Interviews
    • Analyses
    • Opinion
    • Outlook
    • View Point
  • Express Deliveries
  • Freight
  • FM
    • Waste Management
  • Expo 2020
  • Events
    • LILS KSA Summit 2023
    • LILA UAE Awards 2022
No Result
View All Result
LogisticsGulfNews.com
No Result
View All Result

GPCA welcomes EU’s strategic partnership with GCC and member states

by Anthony Fonseca
April 14, 2023
in News

The European Union has unveiled a new, strategic partnership to strengthen block’s cooperation with GCC

Dr. Abdulwahab Al-Sadoun, Secretary General, GPCA

The Gulf Petrochemicals and Chemicals Association (GPCA) recently welcomed the European Union’s announcement to adopt a strategic partnership with the Gulf Cooperation Council (GCC) and its member states in the areas of energy security and trade.

The joint communication, unveiled by the EU further addresses a series of key policy areas and presents concrete proposals to strengthen EU-GCC cooperation on the green transition, climate change, trade, economic diversification, regional stability and global security, among others.

GPCA welcomes the opportunity for closer cooperation between the GCC states and the EU as it would not only provide significant socio-economic benefits for the people and consumers of both regions, but it would also advance their efforts to solve key sustainability challenges, innovate fresh solutions and develop local human capital.

The announcement aligns closely with GPCA’s position on strengthening bilateral trade with Europe by removing trade barriers and tariffs. After Asia, Western Europe is the GCC’s second largest export partner for chemicals and petrochemicals, with 6.7 million tons exported in 2020.

Since its inception in 2006, GPCA has consistently advocated for a free trade agreement (FTA) between the two regions. The GCC is currently signatory to an FTA with the European Free Trade Area (EFTA), comprising Iceland, Lichtenstein, Norway, and Switzerland, but a wider FTA with the EU is yet to be reached.

In the current landscape, geopolitical crises, energy supply challenges and increased trade tensions continue to underline the importance of forming strategic partnerships with a reliable, long-term partner. GPCA believes that an FTA, whether general or sectoral, would help to maximize potential economic and trade benefits to both regions.

“The GCC region with its vast natural reserves, both hydrocarbon and renewable, combined with the EU’s human capital and knowhow, amassed over decades of science and development, will result in a stronger and more resilient relationship between the two economic areas,” concluded Dr. Abdulwahab Al-Sadoun, Secretary General, GPCA.

Want to stay updated on the latest industry news and trends? Subscribe today to receive your monthly news highlights directly in your inbox!

Tags: DownstreamPartnershipPetrochemicals
ShareTweetShareSend

Related Posts

Saudi Arabia’s Logistics market size set to reach 57.4 billion SAR by 2030: Ministry of Transport and Logistics Services
News

Saudi Arabia’s Logistics market size set to reach 57.4 billion SAR by 2030: Ministry of Transport and Logistics Services

May 25, 2023
Suez 2 wind farm
News

500 MW Gulf of Suez 2 wind farm project achieves a major milestone in Egypt

April 14, 2023
Trina-Solar-and-Al-Raebi
News

Trina Solar and Al-Raebi Signed 500MW Deal for Yemen Market

March 28, 2023
Amazon Fulfillment Center
News

Amazon continues to invest in the UAE, opening a new Fulfillment Center in Dubai South

March 28, 2023
Please login to join discussion

Search

No Result
View All Result

Recent News

Amazon Saudi Doubles its Storage Capacity with the Launch of its New Fulfillment Center in Riyadh

Amazon Saudi Doubles its Storage Capacity with the Launch of its New Fulfillment Center in Riyadh

May 31, 2023
Bridging Gaps in the Pre-owned Car Industry in the UAE

Bridging Gaps in the Pre-owned Car Industry in the UAE

May 29, 2023
Dammam added to the MSC’s India-South Africa service

Dammam added to the MSC’s India-South Africa service

May 26, 2023

LogisticsGulfNews.com, the niche media portal designed for the industry, is deeply committed to representing, serving and promoting the interests of the logistics and supply chain businesses in the region

Recent News

  • Amazon Saudi Doubles its Storage Capacity with the Launch of its New Fulfillment Center in Riyadh
  • Bridging Gaps in the Pre-owned Car Industry in the UAE
  • Dammam added to the MSC’s India-South Africa service

Contact Us

For Editorial Opportunities
editor@logisticsgulfnews.com

For Advertising Opportunities
info@logisticsgulfnews.com

AARYA Media FZC LLC
A- 5805-189, Business Club
Ajman Media City.
P.O Box 29127
Phone: +971 4 368 8464
Ajman- United Arab Emirates

  • About Us
  • Advertise
  • Subscription
  • Contact Us

©️ 2021 Logistics Gulf News. All rights reserved

No Result
View All Result
  • Home
    • About Us
  • News
  • Transport
    • Air Cargo
    • Airlines
    • Maritime
    • Rail
    • Road
  • Ports
    • Airports
  • Materials Handling
    • Warehousing
  • Vehicles
    • Automobiles
    • Autonomous
    • Commercial
    • Construction
    • Truck & Fleet
  • E-commerce
  • Technology
    • Blockchain
    • IoT
    • Robotics
    • Telematics
  • Interviews
    • Analyses
    • Opinion
    • Outlook
    • View Point
  • Express Deliveries
  • Freight
  • FM
    • Waste Management
  • Expo 2020
  • Events
    • LILS KSA Summit 2023
    • LILA UAE Awards 2022

©️ 2021 Logistics Gulf News. All rights reserved