Economy minister discusses economic cooperation with German minister    Saudi Crown Prince congratulates new Japanese PM Sanae Takaichi    At UNCTAD, Saudi Arabia affirms commitment to sustainable economic transformation    Saudi justice minister, Italian counterpart agree to enhance judicial cooperation    TGA: Autonomous vehicle service beneficiaries surpass 950 in Riyadh    103 million orders delivered in Saudi Arabia in 3Q 2025    Yapı Merkezi reaffirms its commitment to Saudi Arabia with the opening of its regional headquarters in Riyadh A new step in Turkish Saudi cooperation    OMODA 4 Media Preview: Shaping the future of mobility with media and users    Belgian resistance holds up €140 billion loan for Ukraine at EU summit    Trump says he's ending trade negotiations with Canada    EU, US impose new sanctions on Russia to force ceasefire in Ukraine    Egypt joins EU funding program Horizon Europe    Riyadh Season 2025 draws 1 million visitors in 13 days    Athar Festival 2025 opens in Riyadh with record attendance, new creative streams, and Saudi-first innovations    Qatar clinch 2026 World Cup berth with 2-1 win over UAE in Doha    'India's Picasso' is breaking auction records — enraging the Hindu right    D'Angelo, Grammy Awardwinning R&B singer, dead at 51    Splash unveils new winter collection featuring Maya Diab    India players refused handshakes, says Pakistan coach    Adolescence star Owen Cooper makes Emmys history at 15    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



GCC union sought for security, prosperity
Published in The Saudi Gazette on 29 - 04 - 2012

A woman uses her mobile phone to take a picture during the Gulf youth conference in Riyadh, Saturday. — AP
By Maher Abbas
Saudi Gazette
JEDDAH — The six-nation Gulf Cooperation Council (GCC) must work “hard” toward economic and political union to ensure the safety and prosperity of its people, said Prince Saud Al-Faisal, Minister of Foreign Affairs and Chairman of the Institute of Diplomatic Studies.
Prince Saud made the comments in a speech here Saturday delivered on his behalf by Prince Abdul Aziz Bin Abdullah, Deputy Minister of Foreign Affairs, on the opening day of “The Conference of Gulf Youth: Arab Gulf States — From Cooperation to Union” organized by the Institute of Diplomatic Studies.
The minister said that the region is facing many economic, political and social challenges. These include the “escalation of confrontation between Iran and the international community over its nuclear program, its constant provocation of GCC countries in particular, the continued suffering of the Palestinian people” and the Arab Spring.
“All these developments require us to pause for reflection and [develop a] strong will to deal with them in the interest of GCC states … territorial integrity, civil peace, stability and growth.”
“These threats require hard work from the GCC countries to shift from the current formula of cooperation to a union formula acceptable to the six countries to ensure their security and stability, and the durability of their economies.”
Prince Saud said the Arab Gulf region is important “due to its strategic location and large reserves of oil and gas, which are the most important sources of energy in the world”. He said it was not possible to deal with these challenges as individual states. Prince Saud said it was King Abdullah, Custodian of the Two Holy Mosques, who first “recognized the importance of the transition” from cooperation to a union
in his opening address to the 32nd GCC summit in Riyadh in December last year.
He said the proposal was subsequently formally adopted by the summit and a program of action was formulated, with the results forwarded to the next consultative summit. Prince Saud said a union would see the formation of a GCC supreme body to coordinate foreign policy decisions to benefit all member nations. “When the six GCC states collectively negotiate with other states in a federal structure, this will strengthen the bargaining power of our countries.”
He said defense integration was crucial to “guarantee the security of the GCC states as an alternative to a defense policy based on temporary alliances”.
On the economic front, union will result in a powerful economic bloc with a Gross Domestic Product, according to 2011 figures, of more than $1.4 trillion and a single market of 42 million people. Prince Saud said young people have an important role to play because more than 65 percent are under the age of 30 in the GCC. __


Clic here to read the story from its source.