Gulf Cooperation Council (GCC)

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Syllabus of the Subject: Cooperation Council for the Arab States of the Gulf

Introduction to the Cooperation Council for the Arab States of the Gulf (Middle East): Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates
Objectives of the Gulf Cooperation Council
Organisational structure of the Gulf Cooperation Council
Economic, international trade and customs cooperation
Monetary Union and Single Currency of the Gulf Cooperation Council
Economic agreement between the Gulf Cooperation Council States (GCC)
Implementation procedures of the Gulf Cooperation Council Customs Union
Federation of the Gulf Cooperation Council Chambers of Commerce
Trade between the members of the Gulf Cooperation Council. Foreign Trade statistics
Economic relations with other economic groupings
Free Trade Agreements (FTA) with Australia, New Zealand, Japan, Singapore, Thailand, Bahrain, India, MERCOSUR, European Free Trade Association (EFTA), and the European Union (EU)
Arab Gulf Programme for United Nations Development Organisations (AGFUND)

The objectives of the Subject “Gulf Cooperation Council (GCC)” are the following:

To understand the aims and structure of the Gulf Cooperation Council
To evaluate the benefits for the member countries of the Gulf Cooperation Council and the areas of cooperation (economic, trade, customs)
To analyse the economic integration process (Customs Union) and the international trade among the member countries of the Gulf Cooperation Council
To understand the monetary union of the Gulf Cooperation Council
To analyse the international relations and the Free Trade Agreements of the Gulf Cooperation Council

The Subject “Cooperation Council for the Arab States of the Gulf (GCC)” belongs to the following Online Higher Education Programs taught by EENI Global Business School:

Doctorates: Islamic Business, World Trade
Courses: Business in the Middle East, Islam & Business
Masters: Business in Muslim Countries, International Business, Economic Relations

Online Arab Student, Master International Business

Learning materials in or Consejo de Cooperación del Golfo Conseil de coopération du Golfe

Credits of the Subject “Gulf Cooperation Council”: 1
Duration: one week

لمجلس التعاون لدول الخليج العربية

Masters and Doctorates in International Business adapted to the Students of the Cooperation Council for the Arab States of the Gulf: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates

Example of the Subject - Cooperation Council for the Arab States of the Gulf (GCC):
Cooperation Council Arab States of the Gulf GCC

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Description of the Subject: Cooperation Council for the Arab States of the Gulf:

The Cooperation Council for the Arab States of the Gulf (GCC) is an international trade bloc involving the United Arab Emirates, the Kingdom of Bahrain, the Kingdom of Saudi Arabia, the Sultanate of Oman, the State of Qatar, and the State of Kuwait with many economic and social objectives: the Gulf Cooperation Council Common Market and the Customs Union.

Cooperation Council for the Arab States of the Gulf

The Charter of the Cooperation Council for the Arab States of the Gulf states that the core objectives are the coordination, integration and inter-connection between the member economies in all fields, strengthening the ties between their peoples, formulating similar regulations in various spheres: economy, finance, foreign trade, customs, tourism, legislation, administration, as well as the scientific and technical progress encouragement in the industry, mining, agriculture, water and animal resources, establishing scientific research centres, creation of joint ventures...

In 2002, the Supreme Council of the Cooperation Council for the Arab States of the Gulf (GCC) approved the launch of the customs union of the Cooperation Council for the Arab States of the Gulf States (entered into force in 2003).

It also approved the procedures recommended by the Financial and Economic Cooperation Committee (Gulf Cooperation Council Ministers of Finance and Economy) for the creation of the customs union of the Cooperation Council for the Arab States of the Gulf States.

The Gulf Cooperation Council (GCC) economies have gone so far in the field of the bilateral trade cooperation. They have enhanced such cooperation for the benefit of the Cooperation Council for the Arab States of the Gulf States and citizens, which would consequently improve the Foreign direct investment and the international trade climate.

The objectives of the trade cooperation between the Cooperation Council for the Arab States of the Gulf States are summed up in the effort to eliminate the tariffs and the Technical Barriers to Trade (TBT) among the Gulf economies with respect to their export products, exempt such products from customs duties and accord them a national treatment, coordinate exportation and importation policies, and create a collective negotiating power.

The Gulf Cooperation Council (GCC) belongs to the Arab Economic Area (Islamic Civilisation).

Gulf Cooperation Council Free Trade Agreements (FTA) (لمجلس التعاون لدول الخليج العربية):

Gulf Cooperation Council Free Trade Agreements (FTA): India, European Union, Australia, EFTA...

India-Cooperation Council for the Arab States of the Gulf Agreement (الهند - دول مجلس التعاون الخليجي اتفاقية التجارة الحرة)
United States-Bahrain Agreement
Agreement on economic cooperation between the Cooperation Council for the Arab States of the Gulf and the MERCOSUR
European Union-Cooperation Council for the Arab States of the Gulf Cooperation Agreement (الاتحاد الاوروبي - مجلس التعاون الخليجي اتفاقية التجارة الحرة)
Australia-Gulf Cooperation Council (GCC) FTA
Gulf Cooperation Council Free Trade Agreements: ASEAN, New Zealand, Japan, Singapore, Thailand, Bahrain, MERCOSUR, European Free Trade Association (EFTA)
International Transport and Transit Corridor of the Ashgabat Agreement
International North-South Transport Corridor (India-Russia)
(اتفاقيات التجارة الحرة لدول مجلس التعاون الخليجي: الاسيان واستراليا ونيوزيلندا واليابان وسنغافورة وتايلاند والبحرين وميركوسور، رابطة التجارة الحرة الأوروبية)

European Union-Gulf Cooperation Council Agreement (Course)

Access to the China-Pakistan Economic Corridor

EFTA-Gulf Cooperation Council Free Trade Agreement (Course)

Arab Gulf Programme for Development (Course Master)

Introducing the Gulf Cooperation Council single currency and establishing the Cooperation Council for the Arab States of the Gulf Monetary Union are the fruit of the economic integration stages achieved so far.

This will increase the advantages of the economic integration and improve the gains of the Customs Union and the Gulf Cooperation Council Common Market, as establishing the GCC Monetary Union and introducing the GCC single currency will have many impacts on the various economic sectors, especially in the Intra-Gulf Cooperation Council trade, tourism, and foreign direct investment (FDI). These impacts will mostly reveal on the financial services and capital markets, which will reach an increasing growth and speed up developments.

Gulf Cooperation Council-Australia Free Trade Agreement (Course)

Omani Free Trade Agreements: United States, Indian-Ocean Rim Association...

Case Study: prominent Muslim Businessman in the Gulf Cooperation Council (GCC) region: