EU-GCC Trade and Business Cooperation Facility aims at lifting business and trade between the EU and Gulf Cooperation Council (GCC) countries.
What is EU-GCC
EU-GCC Trade and Business Cooperation Facility aims at lifting business and trade between the EU and Gulf Cooperation Council (GCC) countries. Through mutual understanding and dialogue, the EU-GCC initiative will accelerate the creation of stronger business-to-business linkages, while simultaneously facilitating a stronger policy dialogue between the private and the public sectors in the EU and GCC countries.
About the EU-GCC
The Confederation of Danish Industry, BUSINESSEUROPE, VentureScout and the Federation of GCC Chambers have won the project under the European Union Foreign Policy Instrument. The purpose of the project is to strengthen the GCC-EU sustainable trade, investment, and business cooperation by building stronger business-to-business linkages and enhancing the policy dialogue between the GCC and EU countries.
The project’s partners will hold a number of roundtables in the GCC and EU to identify the most important barriers to trade and investment and explore ways to increase cooperation in key industries. The outcomes of the roundtables will be subject to further scrutiny by joint policy working groups and business advocacy activities.
Primary objectives of the project
Increase trade and investment opportunities through enhancing policy dialogues between EU and GCC policy makers and business communities
Establish closer links
Establish an EU-GCC trade and business facility that will serve to forge closer links between the business communities in the EU and GCC
Remove regulatory obstacles
Work to remove regulatory obstacles by introducing a wide range of demand driven activities