1/2/2009

Gulf countries seek closer ties with Turkey

Today’s Zaman - Engin Turker, the Turkish ambassador to Oman, has said the Gulf Cooperation Council (GCC) wants to develop economic ties and free trade deals between the GCC countries and countries in close proximity to the GCC, including Turkey, to improve economic performance and output. Turker said the council was aiming to introduce a single currency to be used by the GCC members by 2010. The GCC comprises six countries in the Persian Gulf. "The council attaches importance to the free trade agreements that it has with third countries. Turkey [will soon be] one of those countries. The council is about to finalize the preparatory efforts to sign a free trade agreement with Turkey," he said. The GCC was created on May 25, 1981, by Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The unified economic agreement between the countries of the GCC was signed on November 11, 1981.