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Gulf Cooperation Council
  CATEGORIES ABOUT COOPERATION COUNCIL FOR THE ARAB STATES OF THE GULF
   
international organizations of the middle east
   
persian gulf states
   
international economic organizations
   
trade blocs
   
middle east
   
1981 establishments
   
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The Cooperation Council of the Arab States of the Gulf ( with many economic and social objectives in mind. Created May 25 , 1981 , the Council is comprised of Bahrain , Kuwait , Oman , Qatar , Saudi Arabia and the United Arab Emirates .

It should be noted that not all of countries neighboring the Persian Gulf are members of the council. Specifically, Iran ( Persia ) and Iraq are not members. The common and internationally recognized term "Persian Gulf" is not used in the name of the organization, as the governments of these Arab countries since 1960s refer to the Persian Gulf as the "Arabian Gulf" which is the ancient name of the present-day Red Sea (see Dispute Over The Name Of The Persian Gulf ).

Yemen is currently ( As Of 2006 ) in negotiations for GCC membership, and hopes to join by 2016 . {Link without Title}

Among the stated objectives are:
  • Formulating similar regulations in various fields such as economy, finance, trade, customs, tourism, legislation, and administration

  • Fostering scientific and technical progress in industry, mining, agriculture, water and animal resources

  • Establishing scientific research centres

  • Setting up joint ventures

  • Encouraging cooperation of the private sector

  • Strengthening ties between their peoples

  • Establishing a common currency by 2010



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