Gulf Cooperation Council (GCC) finance ministers attend the opening of a meeting of the six-nation GCC states on May 7, 2014, in Kuwait City. (AFP PHOTO / YASSER AL-ZAYYAT)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The six Gulf Cooperation Council states, which also include Saudi Arabia, the United Arab Emirates, Qatar, Oman and Bahrain, first launched a partial customs union – a free trade area with a common external tariff – in 2003 .But the full functioning of the project has been delayed largely by disagreements over how to divide customs revenues between the bloc's members which together form a $1.6 trillion economy.The GCC countries "should unite their views and give concessions to eliminate things which hinder Gulf economic work," Saleh told a meeting of the GCC finance ministers in Kuwait.He said that the goal was still to have the full customs union by the beginning of 2015 .The GCC states have made several plans for closer economic integration but process has been difficult and slow.
FOLLOW THIS ARTICLE