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Background and Context of the Study

In: Prospects and Challenges of Free Trade Agreements: Unlocking Business Opportunities in Gulf Cooperation Council (GCC) Markets

Author

Listed:
  • Doren Chadee

    (Deakin University)

  • Banjo Roxas

    (Deakin University)

  • Tim Rogmans

    (Zayed University)

Abstract

This chapter provides the necessary background and context for the study. Australia and the Gulf Cooperation Council (GCC) states have a long history of trade and investment activities between them. Trade and investment have evolved gradually over the years. However, the acceleration of globalisation and the resulting changes taking place in the structure of the world economy have led many small economies such as Australia and the GCC states to engage strategically with their trading partners in order to remain an integral part of the global economy. Australia and GCC started to negotiate a free trade agreement (FTA) in 200J with negotiations slowing down for a number of years. Recently, Australia has shown a strong determination to conclude a successful FTA with the GCC. Such a prospect raises a number of interesting questions regarding the potential benefits of a successful Australia-GCC FTA which is the subject of this research.

Suggested Citation

  • Doren Chadee & Banjo Roxas & Tim Rogmans, 2015. "Background and Context of the Study," Palgrave Macmillan Books, in: Prospects and Challenges of Free Trade Agreements: Unlocking Business Opportunities in Gulf Cooperation Council (GCC) Markets, chapter 1, pages 1-8, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-47988-4_1
    DOI: 10.1057/9781137479884_1
    as

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