The communiqué expressed satisfaction at the outcome of the 50th meeting of the GCC
financial and economical committee in Riyadh in May, regarding the establishment of a GCC
customs union; at the outcome of the 10th and 11th meetings of the committee covering
cooperation in power and water, which discussed the establishment, as a joint stock
company, of the electric grid corporation, headquartered in Saudi Arabia; and at the
outcome of the 11th meeting of the ministerial committee on post and telecommunications,
which discussed a proposal for an eventual reduction in the cost of making telephone calls
within the GCC.
The meeting also reviewed the minutes of the 8th meeting of the ministerial committee for
planning and development, and its proposal to unify the timing of the general censuses in
the member states. After hearing a report on the progress of negotiations with the European
Union regarding finalization of the agreement on free trade zones, the meeting agreed that
the State of Bahrain take the post of chairman of the GCC mission in Brussels, effective
2002.
Reviewing the current oil situation, the communiqué expressed satisfaction at the
improvement in prices and the degree of commitment to the production quotas agreement.
Turning to Iraq, the communiqué noted that the Iraqi government, nine years after its
invasion of Kuwait, is still procrastinating in the matter of implementation of the UN
resolutions. The communiqué regretted that the Iraqi regime continues to to reject Arab as
well as international initiatives aimed at reaching an effective mechanism for lifting the
UN sanctions and ending the sufferings of the Iraqi people. The communiqué reaffirmed the
GCC's demand that the Iraqi government implement all UN Security Council resolutions,
particularly with regard to the release of Kuwaiti prisoners of war and other detainees and
the return of Kuwait property. It reiterated that Iraq is still under the obligation to
prove its peaceful intent towards its neighbors, and to recognize that its invasion of the
State of Kuwait was a breach of Arab as well as international legal charters. The GCC
continues to sympathize with the Iraqi people on their sufferings, which persist due to the
intransigence of its government.
On the Middle East peace process, the communiqué expressed satisfaction at the latest
agreement between the Palestinians and Israel. It reiterated the GCC's belief that Arab
rights, including that of establishing an independent state with Al-Quds [Jerusalem] as its
capital, should be restored in line with the UN Security Council resolutions 242, 338 and
425, on the basis of the Madrid Conference and the principle of land for peace. The GCC
supports Syria in its right to the Golan Heights, and Lebanon to the southern part of its
territory, and calls on co-sponsors of peace the United States and the European Union, to
exert greater efforts to revive the peace process, particularly the negotiations on the
Syrian and Lebanese tracks.
The communiqué expressed sympathy with the people of Turkey stricken by the recent
devastating earthquake. It announced that the GCC has set up a fund to help alleviate the
sufferings of the Turkish people, in recognition of the historic Islamic and cultural ties
that bind them to the peoples of the Arabian Gulf. A joint technical team will visit Turkey
to survey projects for the GCC to finance.
The communiqué also expressed concern at the developments in East Timor, and hoped that the
world community would support Indonesia in its endeavor to control the situation and
restore stability and security to the region.