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  Economics
GCC fast on track to realize integration - Min. Al-Ali
12/05/2016 | LOC21:13
18:13 GMT
| World News
تصغير الخطالشكل الأساسيتكبير الخط
Kuwait's Minister of Commerce and Industry Dr. Yousef Al-Ali during the the 53rd meeting of the GCC Commercial Committee
Kuwait's Minister of Commerce and Industry Dr. Yousef Al-Ali during the the 53rd meeting of the GCC Commercial Committee
RIYADH, May 12 (KUNA) -- The Gulf Cooperation Council (GCC) member states are proceeding at accelerating pace to achieve trade and industrial integration, said Kuwait's Minister of Commerce and Industry Dr. Yousef Al-Ali.
They possess the potential that can help bolster GCC joint march in all fields, Al-Ali told KUNA on Thursday on the sidelines of the 53rd meeting of the GCC Commercial Committee and the 42nd meeting of the GCC Industrial Cooperation Committee in Riyadh, and that of the GCC Standardization Organization, all held in Riyadh.
The GCC states have cut a long path toward integration, and efforts are being lavished to complete the implementation of the GCC Customs Union and unify customs, economic and legal policies, as well as accomplishing the Gulf road and railway networks, Al-Ali added.
Today's three meetings discussed a multitude of recommendations on boosting intra-GCC trade and industrial exchange, the minister said. These were topped with Saudi King Salman bin Abdul-Aziz Al Saud's Vision on boosting the GCC joint action in economy.
The commercial cooperation committee (GCC ministers of commerce) discussed the unified competition law and a draft bill on combating tared fraud, as well as the obstacles of trade among GCC states.
Referring to the meeting of the industrial cooperation committee, Al-Ali said they had addressed the "General Framework" and the strategic plan for promoting the GCC industrial non-petroleum exports for the period 2016-2030. (pick up previous) yms.tma.msa
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