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THE EUROPEAN COMMUNITY AND THE GULF CO-OPERATION COUNCIL* I. INTRODUCTION The Community and the Gulf Co-operation Council (GCC) are currently exploring avenues towards the conclusion of an agreement. For the GCC, the Community represents the world's largest trading partner. It is also the principal trading partner of the Gulf states and is the largest developed region within a short range of the Gulf. For the Community, the GCC is an important market in which it would like to maintain its presence and increase its export share. Over the past 10 years the GCC countries have become the Community's third largest export market after the United States and EFTA. The Gulf Co-operation Council countries occupy a key place in the context of current world economic and political relations, a role in which they seem bound to continue for the foreseeable future. The Community, in the interests of ensuring stability in this part of the world, is keen to support steps taken by the Gulf states towards regional integration. II. THE GULF CO-OPERATION COUNCIL On 25 May 1981 six Gulf states, Saudi Arabia, Kuwait, Qatar, the United Arab Emirates, Oman and Bahrain signed an agreement setting up the Gulf Co-operation
Arab Law Quarterly – Brill
Published: Jan 1, 1987
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