1. Name: Al-muayd Al-ghailani - U100732
Eu-GCC relations
Name: Al-muayd Al-ghailani - U100732
Nawaf Al-lawati – U101517
Shuaib Al-shuhomi – U108598

2. Content Introduction History Cooperation agreemeent
Economic and trade relations
EU-GCC cooperation programs
GCC-EU free trade agreement (FTA)
Economic impact of FTA
Conclusion

3. Introduction Video (3-min) GCC:
European Union:

4. History of GCC-EU relations ..
Objectives of GCC to have this relationship.
First interaction ( 1980 ).
First agreement ( 1988).
Intangible resources.
General exchange agreement ( 1980’s to 2000).

5. Cooperation Agreement Diversification of GCC countries
Cooperation Agreement Diversification of GCC countries. General objectives of agreements. Broaden relation/ considering level of development.

6. Conclusion
As shown in the presentation, GCC and EU has significant good relation in further years.
Common interest in developing each other.
Good integration.
Strategic alliances.
All countries agreed on the agreements.

7. References
Saleh, N. (1999). The European Union and the Gulf States: A Growing Partnership. Middle East Policy, 7(1), 50.
Patlitzianas, K. D., & Flamos, A. (2016). Driving forces for renewable development in GCC countries. Energy Sources Part B: Economics, Planning & Policy, 11(3), 244.
Flamos, A. (2015). The Timing is Ripe for an EU-GCC “Clean Energy” Network. Energy Sources Part B: Economics, Planning & Policy, 10(3), 314

8. Video ( 3MIN) EU trade policies.
GCC trade policies

9. Economic and trade relations
The GCC is currently the EU's fifth largest export market and the EU is the top trading partner for the GCC.
The trade between the EU-GCC has been growing steadily between , with reaching a peak in 2013.
EU-GCC total trade in goods in 2016 amounted to €138.6 billion.
In 2016, EU exports to the GCC is amounted to €100.8 billion . On the other hand, EU imports from the GCC is amounted to €37.7 billion, which resulted in a surplus for EU.

10. Economic and trade relations cont..EU
Exports (2016)
Industrial Products 91.4%.
Machinery and transport equipment 49%.
Chemicals 11.5%
GCC
Exports (2016)
Mineral fuels and mining products 65.9%.
Chemicals 12.3%.

11. EU-GCC cooperation programs
Erasmus Mundus Association
Provides fully funded scholarships to study in Europe (Bachelor, Master, and PhD.)
Was originally made for European student only.
Learn about the other countries cultures.
Gives the opportunity to study in two different countries.

12. EU-GCC cooperation programs Cont..
INCONET-GCC2: Joint Research Opportunities
A 3 years project ( ), that is sponsored by the European Commission.
It aims to establish Science, Technology, and Innovation international Network between EU and GCC countries.
Participants: Researchers, SMEs, Universities, etc..

13. EU-GCC cooperation programs Cont..
EU-GCC Business and Trade Co- operation Facility
The purpose of this program is to increase trade and investments between the EU and the GCC.
Latest Activities: EU-GCC Business Forum in 2017 in Oman

14. Conclusion Perfect external and internal economic relations.
Both regions depends on each other in regards exports and imports.
The relation between parties developed in term of R&D and progamms.
Example ( ERASMUS MUNDUS) etc.
Future economic result successfully.

15. Video (3min) EU recent economic status.
GCC recent economic status.

16. Status of EU-GCC relationship
EU and GCC leading projects for Sub/regional integrations into the geographical areas.
Interactions of organizations (GCC-EU) since the establishment of GCC.
1980’s, yet the EU wasn’t existing, EC played major rule in the integration.
Initiating closer relationships.
First meeting held in 1985, followed with rounds of negotiations.
Led to cooperation agreement on June 15, 1988.
FTA, tangible results expressed by (economics, politics, security and energy).
25 Years later those expectation wasn’t as its been expected.
The agreements were highlighted as (Negative outcomes).

17. GCC-EU free trade agreement (FTA)
Six members countries considered important as a trade point of view because of:
Considered fourth largest export market for EU.
Forming own customs union = completing internal market.
Ongoing cooperation regarding:
Investment issues.
Macro-economic matters.
Climate change.
Energy and environment.
R&D.

18. GCC-EU free trade agreement (FTA) ( Cont..)
EU-GCC total trade in goods in 2016 amounted to €138.6 billion. In 2016, EU exports to the GCC amounted to €100.8 billion. In the meantime, EU imports from the GCC accounted for only €37.7 billion, generating a significant trade surplus for the EU.
EU-GCC trade has been steadily growing between 2006 and 2016: total trade rose by 53% in ten years, with a peak in 2013 – corresponding to the peak of oil prices.
In 2016 EU exports to Gulf Cooperation Council countries were diverse but focused on industrial products (91.4%) such as power generation plants, railway locomotives and aircrafts as well as electrical machinery and mechanical appliances. Machinery and transport equipment (€49.4 billion, 49,0%) and chemicals (€1.6 billion, 11.5%) were the main categories of products exported in
EU imports from Gulf Cooperation Council countries are mainly mineral fuels and mining products (€24,9billion, 65,9%) and chemicals (€4,6 billion, 12,3%).
The EU was the first trading partner for the GCC in 2015 accounting for 16,6% of its total trade, followed by China (14.9%), India (9.4%) and Japan (8.6%).
Bilateral trade in Services has also been increasing and amounted to €47.8 billion in 2014 compared to €36.5 billion in EU services exports are roughly twice as much (€32.0 billion) as those of the GCC (€15.8 billion).

19. Economic impact of FTA
Quantitative results shows how greatly the expanded growth, improve economic welfare.
Citizens of GCC enjoyed greater opportunity in regard of imports at internationally competitive prices.
From regionalism to Liberalism: Reduced common GCC tariffs from 5% to 3%, which concludes
1- Maximum trade performance
2- welfare agreements.

20. Conclusion
Both parties status are enhancing more when developments are extended more.
Successful future relation in economic GDP for both regions.
Exceeding the expectation if they saw it as positive outcomes.
Increase export and import by using FTA.
FTA is the best solution for GCC region.

21. References
Saleh, N. (1999). The European Union and the Gulf States: A Growing Partnership. Middle East Policy, 7(1), 50.
Patlitzianas, K. D., & Flamos, A. (2016). Driving forces for renewable development in GCC countries. Energy Sources Part B: Economics, Planning & Policy, 11(3), 244.
Flamos, A. (2015). The Timing is Ripe for an EU-GCC “Clean Energy” Network. Energy Sources Part B: Economics, Planning & Policy, 10(3), 314
AL-Shammari, N. N. (2015). GCC Trade Potentials with EU Members. Journal Of The Gulf & Arabian Peninsula Studies, 41(156),
Nonneman, G. (2006). EU‐GCC Relations: Dynamics, patterns and perspectives. International Spectator, 41(3), 59.
Yenigun, Cuneyt (2016), “Regional Power of The Middle East”, (in) Sects, Ethnicity and Conflict Resolution, Reyyan Dogan (ed), TASAM Press, , Ist.,
Flamos, A., Roupas, C. V., & Psarras, J. (2013). GCC Economies Diversification: Still a Myth?. Energy Sources Part B: Economics, Planning & Policy, 8(4), 360.
Noura Abdel Maksoud, E. (2014). THE ANALYSIS OF EU-GCC POTENTIAL FREE TRADE AREA AGREEMENT THROUGH EU- GCC ACTUAL STEPS ( ). World Review Of Political Economy, 5(3),
Eissa, N. M. (2014). The analysis of EU-GCC potential free trade area agreement through EU-GCC actual steps ( ). World Review Of Political Economy, (3), 331.
Momani, B. (2008). Gulf Cooperation Council Oil Exporters and the Future of the Dollar. New Political Economy, 13(3).