GCC financial committee meeting looks into tax exemption on industrial products
Published: 03:10 PM,Oct 05,2023 | EDITED : 07:10 PM,Oct 05,2023
The GCC Financial and Economic Cooperation Committee on Thursday held its 120th meeting in Muscat under the chairmanship of Finance Minister Sultan bin Salim al Habsi. - ONA
MUSCAT: The GCC Financial and Economic Cooperation Committee on Thursday held its 120th meeting in Muscat under the chairmanship of Finance Minister Sultan bin Salim al Habsi. The meeting was attended by GCC Ministers of Finance and Economy.
The meeting discussed the outcome of different meetings, including those of the GCC Central Bank Governors’ Committee, the GCC Customs Union Authority, the GCC Common Market Committee and the team tasked with analysing G20 meetings.
The meeting also looked into regulations for exempting GCC industrial products from taxes, as well as the progress made in negotiations on the free trade agreement between GCC states and China.
Al Habsi underscored the significance of the meeting which, he said, focused on enhancing financial and economic cooperation and integration among GCC states. He called for more efforts to cement financial and economic cooperation as a measure to achieve the aspirations of GCC peoples. - ONA
The meeting discussed the outcome of different meetings, including those of the GCC Central Bank Governors’ Committee, the GCC Customs Union Authority, the GCC Common Market Committee and the team tasked with analysing G20 meetings.
The meeting also looked into regulations for exempting GCC industrial products from taxes, as well as the progress made in negotiations on the free trade agreement between GCC states and China.
Al Habsi underscored the significance of the meeting which, he said, focused on enhancing financial and economic cooperation and integration among GCC states. He called for more efforts to cement financial and economic cooperation as a measure to achieve the aspirations of GCC peoples. - ONA