By 2009 the emerging-market share of Gulf Cooperation Council (GCC) trade had reached 45%, according to the Economist Intelligence Unit, up from 15% in 1980.
This share has been rising by an average of 11% per year between 1980 and 2009, compared to only 5% a year for GCC trade with OECD countries.
The region’s shift from developed to developing countries as trading and investment partners is explored in a new report from the Economist Intelligence Unit, GCC trade and investment flows - The emerging-market surge.
The report is available free of charge at www.eiu.com/sponsor/falcon/south-south
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