Sunday 4 January 2015

A far-reaching EU-GCC trade deal remains elusive | GulfNews.com

A far-reaching EU-GCC trade deal remains elusive | GulfNews.com:



"Countries that do not share the same views on climate control or preserving natural resources should concentrate on what each can do best and trade the results of their specialisations.



Integrating with one another via a customs union, a projected common market and an envisaged — yet stalled — monetary union is a pointer that the member-states of the Gulf Cooperation Council (GCC) recognise as economic shifts and geopolitical realignments.



With the world’s immense hydrocarbon reserves depleting, the post-oil development strategies of the GCC are geared to accomplishing diversification, acquiring competitiveness in oil and non-oil reliant industries, and guaranteeing food security at affordable prices."



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