NO. 36


Financial and Banking News

Financial Issues

GCC Ministers Set 1999 as Date for Gulf Common Market

The trade and finance ministers of the six GCC states have set the end of1999 as the target date by which they hope to standardize their customs dutiesand establish a common market. The date, which has been postponed several times,was agreed during a meeting in Riyadh at the end of May. Until common duties areagreed, the European Community (EC) will be unable to conclude a...