GCC Customs Union
E67912
The GCC Customs Union is a regional economic arrangement that harmonizes customs policies and facilitates the free movement of goods among the member states of the Gulf Cooperation Council.
Aliases (2)
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
customs union
→
regional economic arrangement → trade bloc mechanism → |
| aimsAt |
enhancing intra-GCC trade
→
improving customs efficiency → reducing transaction costs for cross-border trade → |
| appliesTo |
GCC external borders
→
GCC internal borders → |
| basedOn | GCC economic integration objectives → |
| beneficiary |
GCC member state economies
→
importers and exporters within GCC → regional traders in GCC → |
| coordinatedBy | GCC Secretariat General → |
| covers | trade in goods → |
| economicIntegrationLevel | customs union level within GCC integration process → |
| feature |
cooperation among customs authorities of member states
→
removal of customs duties on most intra-GCC goods → standardized customs documentation → unified customs regulations among member states → |
| goal |
creation of a unified customs area
→
elimination of customs barriers among GCC member states → facilitation of free movement of goods → harmonization of customs policies → |
| legalFramework | GCC agreements on customs cooperation → |
| memberState |
Bahrain
→
Kuwait → Oman → Qatar → Saudi Arabia → United Arab Emirates → |
| objective |
increasing competitiveness of GCC as a trading bloc
→
strengthening economic ties among GCC states → |
| partOf | Gulf Cooperation Council → |
| policyScope |
common external tariff
→
customs procedures harmonization → rules of origin coordination → trade facilitation measures → |
| predecessor |
GCC Customs Union
→
surface form: "GCC free trade area"
|
| region |
Eastern Arabia
→
surface form: "Gulf region"
Middle East → |
| relatedTo |
GCC Common Market
→
Gulf Cooperation Council → regional trade agreements → |
| supports | GCC common market objectives → |
| typeOfIntegration | trade policy integration → |
Referenced by (5)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form: "GCC Economic Agreement"
this entity surface form: "GCC free trade area"