WAM
30 Apr 2025, 23:23 GMT+10
ABU DHABI, 30th April, 2025 (WAM) -- Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led the UAE delegation participating in the meetings of the GCC Ministerial Committees of Trade and Industrial Cooperation and Standardisation Affairs, held in Kuwait.
The meetings discussed a range of initiatives and topics aimed at advancing the GCC's economic environment, supporting entrepreneurial projects, and coordinating trade and legislative policies, as well as strengthening industrial relations among member states, in addition to strengthening relations between member states and supporting collaborative efforts through joint Gulf industrial work.
With an aim to enhance trade and investment cooperation among the GCC countries, the meetings reviewed the latest developments in free trade agreements negotiations between the GCC and other international blocs, as well as the priorities in strengthening international partnerships and broadening access to global markets.
Dr. Al Zeyoudi emphasised that the UAE is committed to promoting the GCC's economic integration, particularly in light of ongoing global economic shifts. He underscored the importance of coordinated efforts in developing trade policies and legislation, supporting competitive systems, and funding entrepreneurial initiatives, as well as small and medium-sized enterprises, all of which would enhance intra-GCC trade and bolster its competitiveness in the global market.
He said, "The meetings discussed several strategic topics that are key priorities for the member states, including the adoption of a unified approach to the development of trade policies and legislation among the member states."
The meeting conducted a comprehensive review of the developments within the GCC Investment Agents Committee, key initiatives supporting GCC's investment environment, mechanisms for overcoming challenges faced by investors, and factors enhancing the attractiveness of GCC markets for investments.
During the meetings, the committee reviewed the progress of work in implementing the joint Gulf action strategy in the field of patents. The meetings concluded with a review of latest developments related to a proposal to organise a number of Gulf economic forums with some commercial partners during 2025.
The Industrial Cooperation Committee meeting focused on strengthening industrial relations among member states and the GCC Industrial Excellence Awards. The meeting also discussed several joint initiatives and topics aimed at boosting the competitiveness of the industrial sector and promoting intra-GCC trade.
During the Standardisation Affairs Committee meeting, the members approved a number of unified GCC technical regulations in the food and electric vehicle sectors, with the aim of enhancing the GCC market and facilitating trade exchange among member states. The committee also approved the internal regulations for the GCC Accreditation Center.
The UAE delegation included Abdullah Ahmed Al Saleh, Under-Secretary of the Ministry of Economy; Omar Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology; Juma Al Kait, Assistant Under-Secretary of Foreign Trade Affairs at Ministry of Economy; Safeya AlSafi, Assistant Under-Secretary for the Control and Commercial Governance Sector at Ministry of Economy; Dr. Farah Al Zarooni, Assistant Under-Secretary for Standardisation Affairs; and Osama Amir Fadhel, Assistant Under-Secretary for the Industrial Accelerators Sector at the Ministry of Industry and Advanced Technology.
The meetings reflect the bloc's continued commitment to strengthening joint efforts, advancing the development of its economic and industrial sectors, and expanding opportunities for the private sector, contributing to solidifying the position of GCC countries as leading industrial and commercial hubs at both regional and global levels.
Get a daily dose of Iran Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iran Herald.
More InformationTOKYO, Japan: TikTok is preparing to expand its e-commerce business into Japan, aiming to launch TikTok Shop in the country within...
WASHINGTON, D.C.: Thailand has regained the highest aviation safety rating from the United States, nearly a decade after it was downgraded—a...
SEOUL/WASHINGTON, D.C.: South Korea and the United States have agreed to work toward a trade package aimed at averting the reimposition...
NEW YORK, New York - A single potential U.S. trade deal set markets alight Tuesday with all the major indices gaining ground. I have...
FRANKFURT, Germany: German energy giant RWE has paused its offshore wind operations in the United States, citing ongoing regulatory...
WASHINGTON, D.C.: The United States and India are advancing talks on a wide-ranging trade agreement that would cover 19 key areas,...
JERUSALEM - More than 80 ambassadors and heads of mission from across the world were addressed by Israeli Prime Minister Benjamin Netanyahu...
ABU DHABI, 30th April, 2025 (WAM) -- Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led the UAE delegation participating...
Riyadh [Saudi Arabia], April 30 (ANI): Saudi Arabia expressed concerns over the rising tensions between India and Pakistan in wake...
DUBAI, 30th April, 2025 (WAM) -- H.H. Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, President of the UAE Olympic Committee, today...
DUBAI, 30th April, 2025 (WAM) -- The global travel landscape is increasingly complex, influenced by climate change, environmental concerns,...
Sectarian clashes between government-linked armed groups and Druze fighters have broken out near Damascus ...