Sunday, 6 March 2011

gulfnews : GCC will clear path for customs union this year

The Gulf Cooperation Council (GCC) will this year resolve outstanding issues to clear a path toward creating a customs union, its secretary-general said yesterday.

"Pending issues need to be resolved to reach a final deal on the customs union ... in line with an agreed timetable in 2011," said Abdul Rahman Al Attiyah, GCC secretary-general.

The introduction of a customs union in 2003 had been hailed by officials as a major achievement countering critics' claims that the Gulf Arab bloc would be unable to realise economic integration in the world's biggest oil exporting region.

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