A+ A-

Partnership between public, private sectors essential for GCC - Min. Al-Roudhan

the 4th consultative meeting of ministers of trade and industry and heads of trade unions and chambers of the GCC
the 4th consultative meeting of ministers of trade and industry and heads of trade unions and chambers of the GCC
KUWAIT, Nov 21 (KUNA) -- Partnership between public and private sectors is essential in order for GCC economic correlation and unity to be achieved, said Minister of Commerce and Industry Khaled Al-Roudhan Wednesday.
Economic correlation is neither an option nor a proposal any more, especially in the age of major global alliances, which requires a qualitative partnership between public and private sectors to solidify economies of the GCC countries against setbacks, noted Minister Al-Roudhan in a speech at the opening of the 4th consultative meeting of ministers of trade and industry and heads of trade unions and chambers of the GCC. Kuwait is hosting the one-day meeting.
"We need to be an integral part of the global transformation through providing a sound and ever improving business environment." Gulf countries had made significant strides in terms of eradicating obstacles on the way of commercial and industrial progress, Al-Roudhan pointed out, adding that GCC (Gulf Cooperation Council) countries "are bonded by mutual history and interests. His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, along with his brothers; GCC leaders, are keen to maintain such entity." There is also a pressing necessity to establish legislative and institutional bodies that would contribute in steering projects and managing businesses, Al-Roudhan stressed.
The consultative meeting aims at easing tariff procedures among GCC members, as well as addressing impediments in face of establishing a common GCC market. (end) skm.hb