The Gulf Cooperation Council and the Impact of the “Arab Spring”
The Gulf Cooperation Council (GCC) is one type of trade bloc which called multilateral trade agreement where there is an agreement of multiple nations for coordination in specific fields. Also, GCC is known as the Cooperation Council for the Arab States of the Gulf (CCASG), and it was found in Abu Dhabi, United Arab Emirates on 25th of May, 1981 by joining 6 states allowing coordination and integration between the member states in all fields. The countries who served as member states are United Arab Emirates (UAE), The Kingdom of Bahrain, The Kingdom of Saudi Arabia, The Sultanate of Oman, Qatar and Kuwait. GCC mainly acts as a regional cooperation system among the Gulf Arab States in order to response to challenges derived from the surrounding circumstances.
For the background, the GCC was established mainly in order to act as a defensive measure because they perceived the threat of Iran-Iraq war (1980-1988). In additional, the variables those helped in facilitating the establishment of GCC were firstly the geographical proximity among the GCC member states. Secondly, the GCC states have very similarity in term of their social conditions, regulations and economic structures. Moreover, in economic, they mostly depend on the oil exporting, and they are known as the organization that controls almost half of the world's oil reserves. The GCC has the total amount of oil reserves about 480 billion barrels and Natural gas of 1,030 tcf (trillion cubic feet). Therefore, they are the world's most important energy source. The Headquarter of GCC located in Riyadh, Saudi Arabia, and its official language is Arabic. The leader state of Supreme Council Presidency is United Arab Emirates and the Secretary General is Bahraini, Dr. Abdullatif Bin Rashid Al-Zayani. The total populations of member states are about 43.5 million peoples. In additional, the total GDP of GCC was about US$ 940 billion in 2009, and the...
References: * Czinkota et al (2009) Fundamentals of International Business: 1st Asia-Pacific edition.
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