AGL 40.00 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.04 Decreased By ▼ -0.95 (-0.74%)
BOP 6.67 Increased By ▲ 0.07 (1.06%)
CNERGY 4.51 Decreased By ▼ -0.09 (-1.96%)
DCL 8.55 Increased By ▲ 0.07 (0.83%)
DFML 41.44 Decreased By ▼ -0.04 (-0.1%)
DGKC 86.85 Increased By ▲ 0.27 (0.31%)
FCCL 32.28 Increased By ▲ 0.14 (0.44%)
FFBL 64.80 Decreased By ▼ -0.62 (-0.95%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 Decreased By ▼ -0.92 (-0.83%)
HUMNL 14.68 Decreased By ▼ -0.07 (-0.47%)
KEL 5.05 Decreased By ▼ -0.08 (-1.56%)
KOSM 7.46 Increased By ▲ 0.34 (4.78%)
MLCF 41.38 Decreased By ▼ -0.27 (-0.65%)
NBP 60.41 Increased By ▲ 0.32 (0.53%)
OGDC 190.10 Decreased By ▼ -4.59 (-2.36%)
PAEL 27.83 Decreased By ▼ -0.12 (-0.43%)
PIBTL 7.83 Decreased By ▼ -0.17 (-2.13%)
PPL 150.06 Decreased By ▼ -1.11 (-0.73%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 Increased By ▲ 0.07 (0.44%)
SEARL 86.00 Increased By ▲ 7.80 (9.97%)
TELE 7.71 Increased By ▲ 0.32 (4.33%)
TOMCL 35.41 Decreased By ▼ -0.26 (-0.73%)
TPLP 8.12 Increased By ▲ 0.21 (2.65%)
TREET 16.41 Increased By ▲ 0.52 (3.27%)
TRG 53.29 Increased By ▲ 0.53 (1%)
UNITY 26.16 Decreased By ▼ -0.39 (-1.47%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 9,884 No Change 0 (0%)
BR30 30,600 No Change 0 (0%)
KSE100 93,868 Increased By 512.8 (0.55%)
KSE30 29,094 Increased By 162.7 (0.56%)

A disagreement over human rights and democracy was behind the suspension earlier this month of trade talks between the Gulf Co-operation Council and the European Union, an Omani official said on Sunday. "It is suspended because we reached a roadblock on political issues," Abdulmalik al-Hinai, under-secretary at Oman's Ministry of National Economy, told Reuters in an interview.
"The European side is trying to impose political issues on human rights and democracy that overstep and do not consider local regulations."
Abdul-Rahman al-Attiyah, the secretary-general of the loose political and economic alliance representing six oil-producing countries, said last week talks with the EU had been suspended, without giving reasons for the decision. Apart from Kuwait, which has an elected legislature that has a history of challenging the government, other oil-exporting Gulf Arab monarchies are inching slowly towards a measure of popular representation.
Oman has a consultative council - an elected advisory institution that can review legislation. The president of the European Parliament said earlier this month GCC countries should pursue democratic reform without feeling the must follow models not in line with their tradition.
Aimed at boosting trade and investment between the two blocs, a Gulf-EU free trade pact would make it easier for Gulf states to export products, such as petrochemicals, to Europe, which imposes taxes on some imports from the region.
Gulf officials met a delegation from France, current president of the European Union, in Muscat last month and came to an agreement on the text of the clause, but the European Commission did not accept it, Hinai said. "They want to include an article saying that, in case that a member of the agreement violates principles of human rights and democracy, the other side can take necessary actions according to international law.
"We want to also include that domestic laws and regulations should not be weakened by this agreement because it is a matter of sovereignty of our nations. We all respect human rights but it should not be imposed on us by the view of others." The pact between the EU and the GCC, comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab emirates, has been under discussion for nearly two decades.
"We have concluded the agreement with the exception of that political point," Hinai said. The Gulf, which signed a free trade agreement with Singapore this month, was discussing a possible slowdown in free trade talks with foreign partners, but this would not affect discussions with countries including Japan, South Korea, China, India and Pakistan, he added. A ministerial meeting between the GCC and EU would take place as scheduled in Muscat in April.

Copyright Reuters, 2008

Comments

Comments are closed.