The free trade agreement between the European Union and the Gulf Co‐operation Council: an overview and implications

Abstract

Assesses the economic strengths and weaknesses of the six member states of the Co‐operation Council for the Arab States of the Gulf (GCC) and the patterns of trade between these states and the European Union (EU): the GCC’s largest trading partner. Explains the tariffs applied by the GCC states and the provisions of the EU‐GCC Free Trade Agreement; and considers its implications for trade, tariff revenues, industry, development prospects and political stability. Believes that it will contribute positively to the GCC and EU economies and help to reduce “tension between east and west”.

Citation

Al‐Khatib, J.A., Nêveda DaCosta, M.M. and Anaam Hashmi, M. (2000), "The free trade agreement between the European Union and the Gulf Co‐operation Council: an overview and implications", Managerial Finance, Vol. 26 No. 1, pp. 14-25. https://doi.org/10.1108/03074350010766440