- Inspired by the basic objectives of the Cooperation Council for the Arab States of the Gulf (GCC), and
- In line with the objectives of the GCC Economic Agreement seeking to achieve economic integration among the GCC Member States, and
- Recognizing the importance of the role the GCC industry plays in the economies of the GCC Member States,
The GCC Member States have found out that they should take appropriate measures against the injurious practices in international trade exercised by Non-member countries that cause or threaten material injury to an established GCC industry or retard the establishment of such industry.
In the light of the above, the Supreme Council, at its 24th Session held at Kuwait (21-22 December 2003) has adopted the GCC Common Law on Anti-dumping, Countervailing Measures and Safeguards to be a binding law as from January 1st 2004. To that effect, the Supreme Council has instructed the Industrial Cooperation Committee (ICC) to prepare the relevant Rules of Implementation within the first half of year 2004, provided that such law shall come into force...