Article: Roundup: Gulf Arab economic integration steps forward, obstaclesunsolved

Roundup: Gulf Arab economic integration steps forward, obstaclesunsolved

DOHA, Dec. 3 (Xinhua) -- Six oil-rich Gulf Arab countries announced the establishment of a common market at their annual summit here on Tuesday in a big step forward along the economic integration process, but major obstacles in adopting a common currency left untouched.

COMMON MARKET ESTABLISHED

Abdul Rahman al-Attiya, Secretary General of the Gulf Cooperation Council (GCC), announced the establishment of the Gulfcommon market at the closing session of the GCC summit.

Reading out the Doha Declaration, al-Attiya said that the long- anticipated common market will be brought into play from Jan. 1, 2008.

Launching the ...

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