Gulf Arab countries plan to resolve all outstanding issues about their customs union over the next three years in order to have it fully operational by 2015, a top UAE official said on Saturday.
“What we have agreed upon, that in the next three years, meaning 2011 to 2014, we should complete all the pending issues in regard to the customs union,” UAE Minister of State for Financial Affairs Obaid Humaid Al Tayer told a news conference.
“We hope... it becomes effective January 1, 2015,” he said after a Gulf finance ministers’ meeting in Abu Dhabi.
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