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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 476.00+2.4%Jan 27 4:00 PM EST

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To: energyplay who wrote (21874)9/2/2007 10:50:55 AM
From: elmatador   of 219830
 
Gulf Arabs accept Iran offer for talks on free trade pact. Getting ready for US departure. India and China will support the initiative.

Gulf Arabs accept Iran offer for talks on free trade pact.
16 hours ago

JEDDAH, Saudi Arabia (AFP) — Pro-Western Gulf Arab monarchies have agreed to an Iranian offer to launch talks on a possible free trade pact, the secretary general of their oil-rich bloc said on Saturday.

Gulf Cooperation Council (GCC) foreign ministers in the Saudi Red Sea city of Jeddah discussed a letter from their Iranian counterpart "regarding Iran's readiness to reach a free trade agreement with GCC member states," Abdurrahman al-Attiyah told reporters after their meeting.

Attiyah said that in light of the letter from Iran's Manouchehr Mottaki, "it was agreed to express the readiness of GCC states to engage in negotiations to conclude an agreement to set up a free trade zone" with the Islamic republic.

He said the issue would be referred to the financial and economic cooperation committee of the GCC, which groups Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.

Attiyah's remarks at a news conference after the ministerial meeting were aired on the Saudi news channel Al-Ikhbariya.

A statement issued after the meeting called for a peaceful resolution of Iran's standoff with the West over its controversial nuclear programme, and urged Tehran to cooperate fully with the International Atomic Energy Agency (IAEA).
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