GCC commerce ministers, heads of chambers convene in Manama

Date: 19/10/2021     Time: 10:05 PM

The consultative meeting of GCC commerce ministers and heads of chambers of commerce and industry kicked off Tuesday in Bahrain. The meeting included Kuwait's Minister of Commerce and Industry Dr. Abdullah Al-Salman and Secretary-General of the Gulf Cooperation Council (GCC) Nayef Al-Hajraf. Bahrain's commerce and industry minister Zayed Al-Zayani said the meeting comes out of faith in the importance of continued consultation and cooperation between the GCC private and public sectors in all fields. He pointed to the key role played by the private sector in pushing ahead economy in a way that has a positive impact on the GCC commercial and economic status. He noted this fruitful meeting discusses the GCC leaders' recommendations to reach their desired goals and ambitions so as to rapidly implement what has been agreed upon regarding a road map to reach the economic unity among the GCC countries by 2025. Meanwhile, Al-Hajraf said that the GCC Secretary is looking forward to further efforts to enhance cooperation amongst ministries of commerce and industry, and contribute to removing obstacles and challenges facing the private sector in the Gulf States. He stated that the GCC leaders' efforts, implementing health measures as well as providing financial incentives reduced the negative effects during the peak of the pandemic. "We see a tangible success in the economic stability in the GCC countries and the rapid return to growth," he said. The GCC countries are still making more efforts to recover and return to normal economic growth, he went to say. Al-Hajraf pointed out that the General Secretariat submitted the recommendations of the previous consultative meetings to the position of the supreme council to issue its directives. The GCC leaders expressed their satisfaction about continuous cooperation between the public and private sectors, calling for continuing and strengthening this approach, he said.