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Home » UAE reaffirms its support for joint GCC action to boost trade among members

UAE reaffirms its support for joint GCC action to boost trade among members

During the event, Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade reiterated the UAE’s eagerness to support the outputs of the Trade Cooperation Committee.
Desk ReporterBy Desk ReporterOct 24, 2021
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GCC Trade Cooperation Committee
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Dubai: The 61st Gulf Cooperation Council (GCC) Trade Cooperation Committee meeting saw the participation by the United Arab Emirates (UAE) as a delegation led by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade took part at the event in Manama, Bahrain.

Dr. Nayef Al Hajraf, Secretary-General of the GCC along with several high-profile officials and ministers of trade from the GCC countries also attended the gathering.

The participants discussed the main topics that support further economic and trade integration among the GCC countries, drive the growth of intra-regional trade, facilitate trade procedures, expand and diversify trade activities, as well as develop trade flow between GCC countries and global markets.

GCC Trade Cooperation Committee _ Dr. Nayef Al Hajraf
Dr. Nayef Al Hajraf

Speaking at the event, Dr. Al Zeyoudi remarked that the UAE, under the directives of its wise leadership, is committed to supporting joint GCC action in various development fields as it is a steady policy of the country and a main driver for enhancing economic and commercial partnerships amongst GCC member states.

The UAE Minister of State for Foreign Trade reiterated the country’s eagerness to support the outputs of the Trade Cooperation Committee, which serves as a strategic platform for formulating policies and plans that support the GCC in the fields related to trade and economic activities, in order to achieve the ambitious goals of member states, especially in terms of development and growth.

GCC Trade Cooperation Committee _ Dr. Thani bin Ahmed Al Zeyoudi
Dr. Thani bin Ahmed Al Zeyoudi

The meeting discussed 4 main pillars, which are the mechanisms for intra-GCC trade flows; unified laws related to trade; e-commerce, and achievements of the GCC negotiating team in facilitating partnerships with countries and global economic and trade blocs. We are keen to support joint efforts to come up with the best recommendations and decisions that will lead to higher levels of trade among the GCC countries, and their trade with the rest of the world,

Dr. Al Zeyoudi further added

The UAE delegation also took part in a consultative meeting organized by the GCC Secretary-General on the side-lines of the gathering which also saw participation from ministers of trade and industry and the heads of the unions and chambers of commerce in the GCC countries.

GCC Trade Cooperation CommitteeIn addition, the UAE delegation participated in a meeting with a number of Gulf entrepreneurs, to discuss ways of cooperation in supporting the business environment, developing partnerships, and boosting trade and investment activities.

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The above news/article was published by a desk reporter at Emirati Times who sourced, compiled, and corroborated this content. For any queries or complaints on the published material, please get in touch through WhatsApp on +971 5060 12456 or via Mail (at) Emirati Times (dot) com

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