The UAE Ministry of Economy yesterday (May 27) participated in three major meetings on Gulf trade cooperation, standardisation and industrial cooperation in Qatar.

UAE Minister of Economy Sultan Bin Saeed Al Mansouri led the UAE delegation.

The 38th meeting of the Gulf Trade Cooperation Committee discussed various issues covering regional commerce, including obstacles to commercial exchange; equal rights to economic activities among GCC citizens; Gulf trademark laws; the Uniform Code on the supervision and control of the regional insurance companies sector; agreements between the Secretariat General and various regional and international organisations; recommendations on price increases; and the meeting report of the World Trade Organization Committee.

On the other hand, the eighth meeting of the GCC Standardisation Organisation Board of Directors discussed developments in the organisation’s goal of coordinating standardisation activities across the Gulf to protect public health and the environment.

The meeting also discussed the enhancement of regional industry to boost competitiveness; strengthen inter-Gulf trade and eliminate technical obstacles to trade.

The final meeting, the 27th assembly of the Gulf Industrial Cooperation Committee, discussed the proposal of King Abdullah bin Abdul Aziz Al Saud, Custodian of the Two Holy Mosques, Prime Minister, and King of Saudi Arabia; to accelerate industrial performance and remove obstacles to regional collaboration.

“These meetings promote trade and industrial cooperation among GCC countries by developing a unified regional market that ensures equal competition for industrial and commercial projects. They also help to diversify national sources of income by encouraging the development of industrial and commercial sectors; establishing sophisticated and modern industries based on available natural resources; and creating industries that can effectively compete within the international markets,” said Al Mansouri. – TradeArabia News Service