A Detailed Anatomy of EU-GCC Trade Relations: Past, Present, and Future
This paper describes in detail the current status of trade relations between the EU and GCC and then discusses the future prospects of the trade relationship. The paper is organised as follows. Section 2 explains the principles that govern the foreign economic strategies of the EU and GCC countries, as well as briefly describing the formal results of diplomatic efforts aimed at deepening economic ties between the two blocs. Section 3 presents an anatomy of EU-GCC economic relations in the period following the 2008 global financial crisis and prior to the Covid-19 crisis. Section 4 analyses the prospects for the future of relations post-Covid-19 and Section 5 concludes by synthesising the arguments made about the likely trajectory of EU-GCC economic relations.