The Gulf Research Center (GRC) and the Center for European Policy Studies (CEPS) held a one-day workshop. The workshop brought together prominent economists and policy officials from both the EU and the GCC sides to discuss areas of common interest, as economic relations between the GCC and EU have been developing over a wide area of common interest, primarily defined within the context of a free trade agreement and economic diversification. The purpose of this workshop was to analyze in more detail the dynamics of the global economic financial crisis, the related focus on currency issues, its impact on GCC economic integration as well as issues of international trade and financial regulation and how this impact the GCC-EU relationship. A particular focus was on identifying areas in which the EU and the GCC can work together more closely and improve their coordination.