UAE reiterates commitment to creating sustainable means to promote GCC’s economic integration & boosting investment exchanges

UAE reiterates commitment to creating sustainable means to promote GCC’s economic integration & boosting investment exchanges

Abu Dhabi: H.E. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led the UAE delegation at the 64th GCC Trade Cooperation Committee meeting, which took place recently in Muscat, Oman. The delegation consisted of H.E. Abdulla Al Saleh, Undersecretary of the UAE Ministry of Economy; and Abdullah Sultan Al Fan Al Shamsi, Assistant Undersecretary for the Monitoring and Follow Up Sector at the Ministry of Economy.

H.E. Al Zeyoudi emphasized that the UAE is committed to promoting cooperation among GCC states, in implementation of its wise leadership’s directives to create sustainable means to promote the bloc’s socio-economic development, thus ensuring the prosperity of its people.

The meeting was attended by H.E. Jassim Muhammad Al Budaiwi, GCC Secretary General, as well as ministers and officials concerned with the trade sector in all member states. The meeting addressed key issues that support economic and trade integration among GCC countries. These included procedures for completing the establishment of GCC Customs Union on schedule before the end of 2024; the unified trade laws of 2023; as well as the mechanisms to encourage investments in joint projects in GCC states. Besides, the meeting discussed enhancing private sector participation in these projects through studying the