VOL. XXXV

NO. 17

27-JANUARY-1992

GCC

GCC Condemns Proposed EC Energy Tax; Welcomes Improved Free Trade Offer

The Gulf Cooperation Council (GCC) - Saudi Arabia, Kuwait, the UAE,Oman, Bahrain and Qatar - last week threatened to take retaliatory measuresagainst the European Community (EC) if the latter adopts its proposed tax onenergy consumption designed to reduce pollution. The warning was issued at theGCC-EC meeting in Brussels on 20-21 January when the EC presented new proposalsfor a speedier...