European Union-Gulf Cooperation Council trade and sustainability relations (original) (raw)
2024, Forthcoming in R. Leal-Arcas (ed.), RESEARCH HANDBOOK ON EU ENERGY LAW AND POLICY: SECOND EDITION, Elgar Energy Law Series, Cheltenham: Edward Elgar Publishing Ltd, 2024, Chapter 17
The chapter has eight sections. After the introductory section, Section 2 sets the scene. Section 3 provides an overview of the trade relations between the European Union (EU) and the Gulf Cooperation Council (GCC) countries. Section 4 explains the importance of diversifying both the GCC economy, so that the GCC can reduce dependence on crude oil and gas, and the EU economy, mainly through exportation. Section 5 analyzes the links between sustainability and international trade, and asks whether the impact of trade on sustainability is positive or negative. Section 6 specifically analyzes the impact of a potential free trade agreement between the EU and the GCC on the GCC’s climate change goals. Section 7 explores the potential of a renewable-energy trade agreement between the EU and the GCC. Finally, Section 8 provides an analysis of the key elements for a potential investment agreement between both regions.
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