Home GCC EU holds first summit with Gulf states An EU partnership with Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates would cover trade and investment by Reuters October 16, 2024 Credit: Getty Images The European Union holds its first summit with the Gulf states on Wednesday. Since Moscow’s invasion of Ukraine, the 27-member EU has reached out to other regional blocs, holding its first summit with ASEAN countries and its first for eight years with the CELAC community of Caribbean and Latin American countries. Its aim in meeting the six wealthy Arab states in the Gulf Cooperation Council is to make the relationship more strategic, recognising those countries’ influence particularly in conflicts in Ukraine and the Middle East. “The Gulf region is at the crossroads between Asia, Europe and Africa. It plays a very important role in many of the crisis of today,” a senior EU official said. An EU partnership with Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates would cover trade and investment, renewable energy, regional security and citizen issues such as visas. Talks on an EU-GCC free trade agreement, which began 35 years ago, have been suspended since 2008, with disagreement over the openness of public tenders and on oil products. However, EU officials said there were other avenues for trade and investment cooperation. The UAE has also quietly urged the EU to start talks on a separate trade pact with it, Reuters reported in March. One request from the Gulf side is visa liberalisation. Currently, no EU visas are required for short stays for UAE citizens, while those of other Gulf nations need to secure a visa valid for five years. Tags EU European Union GCC You might also like Most GCC central banks follow Fed lead, lower key interest rates How family businesses can preserve wealth, create legacies Renuka Jagtiani on Landmark’s billion-dollar bet on the future Novartis Gulf’s Mohamed Ezz Eldin on the region’s key healthcare trends