Australia-GCC FTA: International Business Prospects and Limitations

Doren Chadee
Banjo Roxas
Tim Rogmans

Document Type

Book Chapter

Source of Publication

Prospects and Challenges of Free Trade Agreements

Publication Date

1-1-2015

Abstract

This chapter summarises the main findings of the study and provides a number of recommendations to both businesses and policy makers so that the likely benefits of an eventual Australian-Gulf Cooperation Council (GCC) free trade agreement (FTA) can be optimised. The most common difficulties faced by Australian businesses are in the form of non-tariff barriers and local business practices which are deeply rooted in institutions, culture and history. For this reason, the study argues that in order for Australian businesses to fully realise the potential benefits of an eventual FTA, special considerations should be given to institutional reforms in the GCC as an integral part of the FTA framework. A FTA can serve as an effective mechanism for addressing institutional voids in smoothing the conduct of businesses between the two regions. The study also offers some practical recommendations to businesses in expanding into some of the growth sectors in the GCC in a post FTA era.

Publisher

Palgrave Macmillan UK

First Page

93

Last Page

121

Disciplines

Business

Indexed in Scopus

no

Open Access

no

Link to Full Text

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