Gulf states inch closer to implementing customs union | GulfNews.com:
"The energy-rich Gulf states agreed on Wednesday to resolve hurdles obstructing implementation of a long-delayed customs union, particularly revenue sharing, Kuwait’s finance minister said.
Leaders of the six-nation GCC have set January 1 to implement the customs union, first launched in 2003 and delayed on several occasions to resolve hurdles.
Anas Al Saleh said after a day-long meeting of finance ministers that there had been agreement on all points of the agenda, including on the mechanism for distributing customs revenues, which has been the biggest hurdle."
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