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*encouraging cooperation of the private sector;
*strengthening ties between their peoples; and
*establishing a common currency by 2010 <ref>{{Citation
| first = Mohsin S.
| last = Khan
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| url = http://www.iie.com/publications/wp/wp09-1.pdf
| accessdate = 2009-05-11
| format = PDF }}</ref><ref>{{Citation
| first = Michael
| last = Sturm
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| issn2 = 1725-6534
| accessdate = 2009-05-11
| format = PDF }}</ref><ref>{{Citation
| first = George T.
| last = Abed
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| issn = 1934-7073
| accessdate = 2009-05-11
| format = PDF }}</ref>[http://www.gulfcurrency.org]. (However, [[Oman]] had announced it will not be able to meet the target date.) (The name [[Khaleeji (currency)|Khaleeji]] has been proposed as a name for this currency
==Economy==
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