Bangladesh, March 30 -- Türkiye and the Gulf Cooperation Council (GCC) have embarked on a journey towards forging a free trade agreement, marking a significant milestone in their economic relations. The recent signing of a joint communique to commence formal negotiations reflects a renewed commitment to deepening ties and unlocking the immense potential for trade between the two parties. However, as discussions gain momentum, several prospects and challenges lie ahead, shaping the trajectory of this critical partnership.

Historically, the concept of a free trade agreement between Türkiye and the Gulf Cooperation Council (GCC) traces back to 2005 when preliminary frameworks were established. However, the path towards enhanced ec...