Capitals: Agencies
The Financial and Economic Cooperation Committee of the Gulf Cooperation Council has approved several laws and decisions that will contribute to accelerating and increasing the economic integration of the GCC countries, in implementation of the directives of the leaders of the GCC countries, to consolidate the foundations of the Gulf economic structures on solid foundations and rules. According to a statement by the Gulf Cooperation Council. According to what was reported by the Youm7 website in Cairo today
The Secretary-General of the Gulf Cooperation Council, Jassem Al-Budaiwi, indicated that the remaining steps are being completed to establish the customs union and the common Gulf market, leading to economic unity in 2025, stressing that these directives from the leaders of the Gulf Cooperation Council countries come within the framework of their interest in advancing the progress of the Gulf Cooperation Council and benefiting from the achievements achieved to serve the countries. The Council and its peoples and their well-being and achieving greater coordination, integration and interconnection between the Council countries. No regional grouping can complete its integration unless it achieves comprehensive economic completion, which is what all of us Gulf countries and peoples are looking forward to, especially since the leaders of the Council countries have always emphasized the completion of economic integration.
He stressed that the GCC countries are taking serious and serious steps towards diversifying their income and not relying on natural sources as a source of income, at a time when steps have continued to enhance levels of economic diversification, and efforts to reform business environments, encourage investment, support the role of the private sector, and develop and support human capital, which is What was reflected, praise be to God, in the invitation of the United Arab Emirates and the Kingdom of Saudi Arabia to join the membership of the BRICS group, and what resulted on the sidelines of the (G20) meetings in the establishment of the economic corridor linking India to Europe through the countries of the Gulf Cooperation Council. There is no doubt that these two prominent events will have repercussions. A great positive impact on the GCC countries that enhances their regional and international economic standing.
On the other hand, the members of the Financial and Economic Cooperation Committee in the Gulf Cooperation Council countries expressed their thanks and appreciation to the General Secretariat of the Gulf Cooperation Council for the achievements and efforts made, the latest of which was accomplished with the negotiating teams of the Gulf Cooperation Council countries, by signing the initials of the free trade agreement between the Gulf Cooperation Council countries and the Islamic Republic of Pakistan, expressing We hope that this agreement will be the first of many agreements to come.
Many important topics related to enhancing financial and economic cooperation between the GCC countries were also discussed, as the committee reviewed the recommendations submitted to it by the Committee of Central Bank Governors in the GCC countries, the Customs Union Authority in the GCC countries, the Gulf Joint Market Committee, and the developments of the program to achieve economic unity among the GCC countries. Cooperation by 2025