Awaiting the final push towards a GCC customs union | GulfNews.com:
"Notwithstanding the many political and security challenges facing the region, the leaders of the Gulf Cooperation Council (GCC) states made the right decision in not overlooking the matter of closer regional economic integration. Among other things, the latest summit, in Doha, touched upon the customs union and for jointly funded railway projects.
In reality, the implementation of the customs union has proved problematic since its inception in 2003. The scheme involves a unified trade policy with non-members, but something not easy to implement for those economies enjoying competitive advantages in external trade.
Following repeated delays, it was generally understood that full completion of the project would take place in 2015. However, the Doha summit made no specific commitments for comprehensive implementation, clearly signalling the continued presence of some problems."
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