RIYADH, 20th January, 2016 (WAM) — The GCC Countries and the government of the People’s Republic of China yesterday reached a draft agreement pertaining to negotiations on trade in goods.

In a joint statement on the negotiations of the China-GCC Free Trade Agreement, the GCC Secretariat and the Ministry of Commerce of the People’s Republic of China has said that both sides have committed themselves to working closely to conclude a comprehensive Free Trade Agreement within the year of 2016.