Regional Trade Agreements
In December 2008, Singapore and the GCC signed a free trade agreement (FTA), the GCC’s first FTA. In June 2009, GCC countries concluded an FTA with the European Free Trade Association (EFTA), which includes the countries of Iceland, Liechtenstein, Norway, and Switzerland.
Customs Union
Kuwait is a member of the GCC along with Bahrain, Saudi Arabia, UAE, Qatar, and Oman. People from these countries can travel freely throughout the GCC. There is a 5 percent duty for most goods at the first point of entry to the GCC and then the goods can travel freely throughout the GCC.
Bilateral Investment Treaties
Kuwait has signed bilateral investment treaties with 93 countries, 71 of which are in force, 16 others have investment provisions, and six have been terminated. More information about these may be found at: Bilateral Investment Treaties
Trade and Investment Framework Agreement
Kuwait signed a Trade and Investment Framework Agreement (TIFA) with the United States in 2004. In 2012, the United States signed a TIFA with the GCC, which the Kuwait National Assembly ratified in 2014. The last U.S.-GCC TIFA Council meeting took place in 2015.
Resources
Government of Kuwait: Public Authority for Industry
NIST Notify U.S. Service