THE NEW ECONOMICS OF ARABIA (1)

The European Economic Commission (EEC) opened talks earlier this month with the six member states of the Gulf Co-operation Council (GCC). A Commission spokesman in Brussels said the talks took place in Bahrain over two days and were aimed at the signing of a co-operation accord. However, the spokesman declined to give an information on the possible content of such an accord, saying it was too early in the negotiations to draw any conclusions.