The reality of trade relations between the Gulf Cooperation Council and the European Union 1993-2003

Abstract

The reality of trade relations between the Gulf Cooperation Council and the European Union 1993-2003, The Gulf Cooperation Council countries had commercial relations and interests with the European Union in the period 1993-2003, which constituted one of the aspects of the new European policy towards the Arab Gulf region, represented in achieving an important strategic goal, which is to ensure the continuity of the flow of energy sources (oil and gas), at competitive prices, from countries The Arabian Gulf to Europe. On the other hand, the Arab Gulf states were keen to maintain their trade relations with the European Union to benefit from the advanced European technological and industrial development.