ERAS completed two major free trade agreement studies for GCC clients (GCC includes Saudi Arabia, UAE, Kuwait, Qatar, Oman and Bahrain) using input-output tables developed by ERAS and the GTAP macroeconomic trade model (57 sectors). The study covered all major trade partners and showed that there are substantial economic benefits from FTAs and liberalisation of trade in commodities and services. The study highlighted key sectoral impacts and strategies for maximising the benefits and minimising the costs of such negotiations.