Question

What are the challenges of Gulf economic integration?

Answer 1

Under the Gulf Cooperation council middle east and North African region are included.Some of the countries are Kuwait, Soudi Arabia, Bahrain, Qatar, Oman and UAE.

Some of the challenges Gulf economic integration are facing:

1. The main purpose of GCC is to cooperate with the EU and EFTA.So, the important challenges Gulf economic integration is facing is free trade. They have to make a balance between the free trade and integration between all the Gulf countries.
2. Gulf economic integration also facing political instability. As some countries political parties or decision-maker will change over some period of time.
3. One of the important challenges of Gulf economic integration is to maintain or manage the mutual cooperation between all the member countries. As some country can disagree with the rules and economic related decision.
4. Increased dependency on the other member countries in various fields.
5. Gulf member countries also facing the unemployment problem.As there is a freedom of movement in the member country.Which will increase the unemployment rate. because member country people's are coming from another country.