Economic Integration in the GCC
This study discusses the status of economic integration of the six Gulf Cooperation Council (GCC) countries among themselves, with the larger Middle East and North Africa (MENA) region and globally. It also assesses the main challenges to further i...
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| Format: | Working Paper |
| Language: | English en_US |
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Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/621311468276383272/Economic-integration-in-the-Gulf-Cooperation-Council-GCC http://hdl.handle.net/10986/27898 |
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okr-10986-278982021-04-23T14:04:44Z Economic Integration in the GCC World Bank CAPACITY MOBILITY CROSS-NATIONAL LABOR ECONOMIC INTEGRATION MEMBER STATE SECTORS VALUE OF GOODS TRADED This study discusses the status of economic integration of the six Gulf Cooperation Council (GCC) countries among themselves, with the larger Middle East and North Africa (MENA) region and globally. It also assesses the main challenges to further integration. The GCC is the most advanced example of sub regional integration in the MENA region, and its objectives are among the most ambitious in the developing world. It has evolved well beyond a focus on free trade in goods to embrace high levels of cross-national labor and capital mobility, and the progressive opening of many sectors within each economy to all member states. The GCC has made good progress on regional integration since its establishment in 1981. Integration efforts have gained considerable momentum following the ratification of the Unified economic agreement in 2001, the signing of the customs union agreement in 2003, and the adoption of the common market agreement in 2008. Under the customs union agreement, member countries have eliminated intraregional tariffs, unified external tariffs, and eased trade restrictions, bringing about a notable increase in the value of goods traded among member states. 2017-08-16T21:04:32Z 2017-08-16T21:04:32Z 2010 Working Paper http://documents.worldbank.org/curated/en/621311468276383272/Economic-integration-in-the-Gulf-Cooperation-Council-GCC http://hdl.handle.net/10986/27898 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Publications & Research :: Working Paper Publications & Research Middle East and North Africa Middle East |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
CAPACITY MOBILITY CROSS-NATIONAL LABOR ECONOMIC INTEGRATION MEMBER STATE SECTORS VALUE OF GOODS TRADED |
| spellingShingle |
CAPACITY MOBILITY CROSS-NATIONAL LABOR ECONOMIC INTEGRATION MEMBER STATE SECTORS VALUE OF GOODS TRADED World Bank Economic Integration in the GCC |
| geographic_facet |
Middle East and North Africa Middle East |
| description |
This study discusses the status of
economic integration of the six Gulf Cooperation Council
(GCC) countries among themselves, with the larger Middle
East and North Africa (MENA) region and globally. It also
assesses the main challenges to further integration. The GCC
is the most advanced example of sub regional integration in
the MENA region, and its objectives are among the most
ambitious in the developing world. It has evolved well
beyond a focus on free trade in goods to embrace high levels
of cross-national labor and capital mobility, and the
progressive opening of many sectors within each economy to
all member states. The GCC has made good progress on
regional integration since its establishment in 1981.
Integration efforts have gained considerable momentum
following the ratification of the Unified economic agreement
in 2001, the signing of the customs union agreement in 2003,
and the adoption of the common market agreement in 2008.
Under the customs union agreement, member countries have
eliminated intraregional tariffs, unified external tariffs,
and eased trade restrictions, bringing about a notable
increase in the value of goods traded among member states. |
| format |
Working Paper |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Economic Integration in the GCC |
| title_short |
Economic Integration in the GCC |
| title_full |
Economic Integration in the GCC |
| title_fullStr |
Economic Integration in the GCC |
| title_full_unstemmed |
Economic Integration in the GCC |
| title_sort |
economic integration in the gcc |
| publisher |
Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/621311468276383272/Economic-integration-in-the-Gulf-Cooperation-Council-GCC http://hdl.handle.net/10986/27898 |
| _version_ |
1764465291685789696 |