Tuesday, 11 May 2010

GCC works to bridge gaps in road to union

Calls for Arab and Gulf unity have often been viewed as mere rhetoric, but amid the oratory, the six states of the oil-rich Gulf Co-operation Council are moving towards closer economic co-operation and deeper integration.

The road is often bumpy, beset by regional politics. Oman and, more importantly, the United Arab Emirates have opted out of a long-awaited currency union . Diplomatic spats, including a hushed-up naval skirmish between Saudi Arabia and the UAE, continue to blight relations.

Yet since the GCC was established in 1981, partially as a response to the Iranian revolution and the Iran-Iraq war, vital steps have been taken towards closer economic ties.

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