Al-Hwazi: We are continuing to implement the outcomes of the consultative meeting with the Gulf trade ministers
The Federation of Gulf Chambers supports the completion of the Gulf market paths
Al-Khobar / Federation of Gulf Chambers 5/29/2023 AD
The Federation of Chambers of the Gulf Cooperation Council announced its support for implementing the outcomes of the consultative meeting between the ministers of trade and industry and representatives of the Gulf private sector, which was held recently in the Sultanate of Oman.
The President of the Federation of Gulf Chambers, Mr. Hassan bin Mujib Al-Huwaizi, affirmed that they are continuing to take the necessary steps to support the implementation of the paths of the Gulf common market, in coordination with the General Secretariat of the Cooperation Council, and present relevant initiatives and studies to the Gulf Common Market Committee, praising the outputs of the consultative meeting and considering them a strong addition to the Gulf economic movement, appreciating This includes the support of the leaders of the GCC states for the Gulf economic unity.
He praised the efforts of the Gulf Common Market Committee and the study of the digital transformation strategy aimed at developing a unified Gulf framework for digital transformation in the market, stressing that it will be positively reflected in the implementation of procedures and the speed of decision-making on common market issues, adding that they will work to encourage citizens of the GCC countries to interact more with the electronic window (integration ) which aims to address inquiries, observations, and proposals for the Gulf Common Market.
He added that the federation would work in coordination with the heads of the Gulf federations and chambers to enhance its role in increasing the volume of intra-regional trade between the GCC countries and to benefit from the paths of the common Gulf market, mainly economic, trade, and investment.
Al-Hwazi reviewed the advanced steps and successes achieved by the GCC countries in the process of economic integration, starting with the establishment of the free trade zone in 1983, the launch of the customs union in 2003, and the Gulf common market in 2008, and the positive aspects achieved for the Gulf citizen, including freedom of movement, residence, ownership of the real estate, and business. Various economic, investment, and commercial activities.