GCC Commerce Undersecretaries’ meetings review means of enhancing intra-trade

Muscat: GCC undersecretaries of ministries of commerce and industry held the 56th preparatory meeting of the commercial cooperation committee and the 42nd preparatory meeting of the industrial cooperation committee, held under the chairmanship of Dr Saleh bin Said Masn, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry.

The preparatory meeting of the commercial cooperation committee discussed a spectrum of topics, namely addressing challenges facing intra-trade between GCC countries, facilitating trade exchange and developments to commercial laws, among other topics. It also discussed establishing a permanent committee for investment, with the aim of augmenting GCC local and outbound investments, as well as providing an investment milieu based on transparency and stability.

Meanwhile, the preparatory meeting of the industrial cooperation committee discussed a range of topics, such as specifying a unified definition for GCC products and addressing challenges facing the industrial sector, among other topics.

The following meetings will be held at Muscat today: the 64th ministerial meeting of the commercial cooperation committee, the 50th ministerial meeting of the industrial cooperation committee, the 5th meeting of the ministerial committee for standardization affairs and the consultative meeting between ministers of commerce and industry and heads of GCC chambers and unions of commerce, under the chairmanship of Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion.