On the Significance of Trade Relations between GCC Countries and Japan
Trade relations between Japan and the Gulf Cooperation Council Countries (GCC Countries) is very strong and has been growing at very high rates during the last twenty years. In 1996, Japan imported more than 65% of its crude oil from the GCC Countries. The GCC countries’ imports from Japan were 25% of their total imports in 1996. The aim of this paper is to analyze the impact of trade relations on the economies of the GCC countries and Japan.
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