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EU GCC Trade Relations
The GCC is currently the EU’s sixth largest export market and the EU is GCC’s first trading partner. In 2004 the EU exports to the GCC were around €40 billion whereas the EU imports from the GCC amounted to around €25 billion. The Free Trade Agreement negotiations started in 1990, had many difficulties, but have now entered into a final phase and will hopefully be concluded before the end of 2007.

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