Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-24-Speech-4-239-000"

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"The free trade agreement between the European Union and the Gulf Cooperation Council (GCC) has been under discussion for around 20 years. Over this period, the financial and geopolitical circumstances of the GCC have changed drastically: security challenges have emerged (such as, Iraq, Iran, Yemen, Islamic terrorism, and piracy) and new commercial players have appeared in the area. At the same time, the GCC member states have become the economic powerhouse of the whole Middle East-North Africa region and are now the main investors in the EU’s southern Mediterranean neighbourhood area. The two regions also have common interests on security, combating terrorism, managing the regional crisis and global economic governance. That is why Parliament is today called to formulate a more ambitious cooperation policy with the countries of the GCC. The EU has certain advantages to draw on in comparison with the new players operating in the Gulf, above all in terms of education, scientific research, energy and technology. We cannot allow the opportunities offered by this particular moment in history – as world economic governance is defined and regional balances are reshaped – to pass unfulfilled."@en1

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