GCC Common Market

E67913

The GCC Common Market is an economic integration initiative among Gulf Cooperation Council member states that aims to create a unified market with free movement of goods, services, capital, and labor across the region.

All labels observed (2)

Label Occurrences
GCC common market 4
GCC Common Market canonical 3

How this entity was disambiguated

Statements (45)

Predicate Object
instanceOf common market
economic integration initiative
regional economic arrangement
aimsTo create a unified market among GCC member states
enhance economic diversification in GCC countries
ensure free movement of capital
ensure free movement of goods
ensure free movement of labor
ensure free movement of services
facilitate cross-border investment within GCC
increase intra-GCC trade
promote economic integration among GCC states
basedOn GCC Economic Agreement
linked to: GCC Customs Union
coordinatedBy GCC Secretariat General
geopoliticalScope Arabian Peninsula
goal achieve deeper economic integration than a free trade area
support sustainable development in GCC countries
hasFeature coordination of economic policies among GCC members
cross-border ownership rights for GCC citizens
mutual recognition of professional qualifications among GCC states
progressive liberalization of intra-GCC trade in services
right of establishment for GCC nationals in member states
implementsPrinciple equal economic rights for GCC nationals across member states
national treatment for GCC citizens in member states
language Arabic
English
memberEntity Kingdom of Bahrain
linked to: Bahrain

Kingdom of Saudi Arabia
linked to: Saudi Arabia

State of Kuwait
linked to: Kuwait

State of Qatar
linked to: Qatar

Sultanate of Oman
linked to: Oman

United Arab Emirates
organizationType intergovernmental economic framework
partOf Gulf Cooperation Council
policyArea capital mobility
economic integration
labor mobility
services liberalization
trade liberalization
promotes private sector development in GCC
regional economic competitiveness
region Gulf region
linked to: Eastern Arabia

Middle East
relatedTo GCC Customs Union
GCC Monetary Union (proposed)

How these facts were elicited

Referenced by (7)

Full triples — surface form annotated when it differs from this entity's canonical label.

Gulf Cooperation Council hasAgreement GCC Common Market
GCC common currency project relatedTo GCC Common Market
GCC Customs Union relatedTo GCC Common Market
GSO jurisdiction GCC common market
linked to: GCC Common Market
GCC monetary union economicContext GCC common market
linked to: GCC Common Market
Gulf common currency relatedTo GCC common market
linked to: GCC Common Market
GCC Monetary Union (proposed) facetOf GCC common market
linked to: GCC Common Market