GCC commerce officials meet in Doha to discuss trade, investment coop

DOHA, Undersecretaries of the ministries of commerce of the GCC member countries convened their 58th meeting in Doha on Tuesday to prepare for the 66th ministerial meeting of the committee on trade cooperation.

The delegation of the State of Kuwait is led by Undersecretary of the Ministry of Commerce and Industry Zyad Al-Najem.

The preparatory meeting focused on the plan to set up an ad hoc committee on investment and the trade legislations in the GCC, including the law on consumer protection and the regulation of competition.

Undersecretary of the Qatari Ministry of Commerce and Industry Mohammad Al-Maleli, the chair of the meeting, said the conferees continue the efforts to promote GCC joint action and realize the common aspirations for economic development.

He thanked the Sultanate of Oman for the efforts it made while chairing the GCC committees on trade and industry cooperation in the last year which led to fruitful results.

The meeting reviewed the blueprint of a framework of GCC e-trade code and G
CC franchise code.

The blueprint will be tabled to the 66th meeting of the committee on trade cooperation, to be held in Doha this May, for endorsement by the ministers of commerce and industry.

Today’s meeting also discussed the progress made by the committees on small and medium-sized enterprises (SMEs) and entrepreneurship, domestic trade and foreign trade, as well as the latest developments of the free trade talks region regional blocs.

Meanwhile, undersecretaries of the GCC ministries of commerce convened their 44th meeting to prepare for the 52nd ministerial meeting of the committee on industrial cooperation.

The State of Kuwait was represented by acting Director General of the Public Authority for Industry Mohammad Al-Adwani.

Source: Kuwait News Agency