As the GCC stutters, old ideas could gain new life: Saudi Arabia is warning the rest about free trade agreements with the US. Is it time to dust off an older vision of Gulf union?(Gulf Cooperation Council )

MEED Middle East Economic Digest | January 21, 2005| | Copyright

Thirty-seven years ago this month, UK Prime Minister Harold Wilson announced that, due to defence cuts and Labour's desire to end entanglements east of the Suez Canal, the UK would withdraw its forces from the Gulf by the end of 1971.

The statement was predictable. Britain had abandoned Aden and the shortlived federation of South Arabia the previous November amid insurrectionist violence and factional competition for control of what was to become the Arab world's first and only Marxist-Leninist state. Twelve days earlier, the UK had devalued sterling by 14 per cent ...

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