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Summary of Treaty


GENERAL DATA
Official Title Cooperation Agreement between the European Economic Community, of the one part, and the countries parties to the Charter of the Cooperation Council for the Arab States of the Gulf (the State of the United Arab Emirates, the State of Bahrain, the Kingdom of Saudi Arabia, the Sultanate of Oman, the State of Qatar and the State of Kuwait) of the other part - Joint Declarations - Declaration by the European Economic Community - Exchange of Letters
Type of Agreement Multilateral
Place of Signature Luxembourg
Date of Signature 15/06/1988
Date of Entry Into Force 01/01/1990
Duration Indefinite
Objective of Agreement

(a) To strengthen relations between the European Economic Community, on the one hand, and the GCC countries, on the other, by placing them in an institutional and contractual framework; (b) to broaden and consolidate their economic and technical cooperation relations and also cooperation in energy, industry, trade and services, agriculture, fisheries, investment, science, technology and environment, on mutually advantageous terms, taking into account the differences in levels of development of the Parties; (c) to help strengthen the process of economic development and diversification of the GCC countries and so reinforce the role of the GCC in contributing to peace and stability in the region.

Remarks

Agreement providing for extensive cooperation in a number of fields (economy, agriculture, fisheries, industry, science, energy, technology, environment, etc.) and in particular for the transfer of technology by means of joint ventures and the joint analysis of the oil, gas and petroleum products markets. As regards trade, the current Agreement provides only for the most-favoured-nation clause but both parties have confirmed their desire to conclude an additional trade agreement with a view to expanding their mutual trade. Dialogue was resumed on a much broader basis, the aim in view being a considerably more developed contractual link. Negotiations are in progress.

OJ Reference L54, 25/02/1989, p. 3
Depositary Council of the European Union
Contracting Parties European Economic Community, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates
Authentic Texts Arabic, Danish, Dutch, English, French, German, Greek, Italian, Portuguese, Spanish
Subject Matters External Relations
GCC countries
Clause(s)
Authentic Texts Article 25 Agreement
Duration (Conditions) Article 23 Agreement
Entry into force conditions Article 26 Agreement
Settlement of disputes Article 21 Agreement
Territorial application Article 24 Agreement
Management Joint Council (Article 10)
EU PARTICIPATION
Date of Signature 07/03/1989
Ratification Status NOT
Conclusion Decision




Council Decision of 20 February 1989 concerning the conclusion of a Cooperation Agreement between the European Economic Community, of the one part, and the countries parties to the Charter of the Cooperation Council for the Arab States of the Gulf (the State of the United Arab Emirates, the State of Bahrain, the Kingdom of Saudi Arabia, the Sultanate of Oman, the State of Qatar and the State of Kuwait) of the other part; OJ L54 of 25/02/1989, p.1




Date of Entry Into Force 01/01/1990
Competence Exclusive
Legal Basis Treaty EEC: Article 113, 235


Last Update :   08/03/2018