What is Gulf Cooperation Council (GCC)? — The GCC was formed | Military Choice

What is Gulf Cooperation Council (GCC)?

— The GCC was formed in 1981 by an agreement among Saudi Arabia, Bahrain, Oman, Kuwait, Qatar and the United Arab Emirates (UAE), that was concluded in Riyadh, Saudi Arabia. #GKbyMilitaryChoice

— It is an economic and political union comprising of all the Arab countries of the Persian Gulf except Iraq.

— Although its current official name is Cooperation Council for the Arab States of the Gulf, it is still popularly and unofficially known as the Gulf Cooperation Council, which is its former official name. The grouping was formed in view of the similar political establishments in the countries based on Islamic principles, their geographical proximity, joint destiny and common objectives.

—The six members of the GCC are Saudi Arabia (absolute monarchy), Qatar (constitutional monarchy), Oman (absolute monarchy), UAE (federal monarchy), Bahrain, and Kuwait (constitutional monarchies). The possible future members of GCC may be Yemen, Jordan, and Morocco. The GCC members are some of the fastest-growing economies of the world. It has a total GDP (nominal) of $1.638 trillion.

—The chief objectives of the GCC are to have integration, coordination, and interconnection between the member countries in all fields. It comprises of strengthening people-to-people ties, and formulating similar regulations in finance, economy, customs, trade, tourism, administration, and legislation. Fostering scientific and technical cooperation in the areas of agriculture, mining, industry, animal resources, and water. Having a unified military etc.

—The GCC aims of having a common market and economic nationality. There are also plans to have a single currency. Such a currency may be known as Khaleeji.