The GCC states have approved the formation of a high-level commission to enhance economic integration and coordination among the member states.

The decision was taken at 16th GCC consultative meeting in Jeddah, Saudi Arabia, attended by GCC leaders, said a Saudi Press Agency report.

Speaking at a press conference following the meeting, GCC Secretary General Dr Abdullatif bin Rashid Al-Zayani said the panel named Commission of Economic and Developmental Affairs will aim to accelerate the pace of joint action.

He added that the GCC leaders approved regulations for the Economic Judiciary Commission as mentioned in the economic agreement among the GCC states.

The leaders also agreed holding of joint regular meetings of  the GCC defence, interior and foreign ministers to coordinate policies among the GCC states.

Saudi Arabia's Minister of Foreign Affairs Adel bin Ahmad Al-Jubeir said the economic and development affairs commission approved by the GCC leaders will have powers to provide solutions, stressing that this commission aims to apply economic integration among the GCC countries.

"In the past, several and different ministries dealt with the economic and financial issues in order to submit them to relevant committees for the leaders. This commission represents a quantum leap regarding the economic and financial issues among the GCC states," Al-Jubeir added.