New Zealand’s breakthrough free trade deal with the Gulf
New Zealand’s new free trade agreement with the Gulf Cooperation Council is a major win for both sides. Todd McClay, New Zealand’s trade minister, announced the long-awaited deal on Thursday with his counterparts in Doha, Qatar. It is a remarkable, yet also surprising sudden success: the genesis of the agreement lies in talks that began in 2006. The Gulf Cooperation Council (GCC) is made up of six countries that are among the world’s richest – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE). For New Zealand, the Gulf states are both highly lucrative markets in themselves,...