Middle East > The Gulf Cooperation Council

Middle East: The Gulf Cooperation Council

2012/08/15

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The Gulf Cooperation Council

The Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates and soon Yemen) is dealing head-on with bilateral free trade agreements at various levels. On one side, it has gone through a lot of tension as its member countries have been drawn into individual bilateral treaties with foreign powers like the United States, including with a major row between Saudi Arabia and Bahrain when Bahrain signed with Washington. On the other side, it has been working as a group to establish FTAs with others, including Australia, China, Mercosur, Japan, Jordan, Korea, Turkey, New Zealand, India, Iran and the European Union. It signed an FTA with Syria in 2005, and more recently with EFTA and Singapore in 2008.