MUSCAT: The Sultanate of Oman participated on Thursday, via video-conferencing, in the 70th meeting of the GCC Trade Cooperation Committee, the 56th meeting of the GCC Industrial Cooperation Committee, the 11th meeting of the GCC Ministerial Committee for Standardisation Affairs and the 14th consultative meeting between the Ministers of Commerce and Industry and the heads of unions and chambers of the GCC states.
The Sultanate of Oman was represented in these meetings by Anwar bin Hilal al Jabri, Minister of Commerce, Industry and Investment Promotion, in the presence of Ghalib bin Said al Maamari, Under-Secretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, and Ibtisam bint Ahmed al Farooji, Under-Secretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion, alongside several officials from the ministry and relevant authorities.
These meetings come within the framework of joint efforts by GCC countries to enhance cooperation and coordination across various economic sectors, contributing to sustainable development and the consolidation of Gulf economic integration.
The Trade Cooperation Committee discussed several topics, including internal and external trade, consumer protection, support for small and medium enterprises (SMEs), and the development of entrepreneurship. It reviewed updates on free trade agreement negotiations between the GCC and international countries and blocs, including a detailed report on the progress of these negotiations to enhance trade openness and expand economic partnerships.
The meeting further discussed developments in commercial laws within the GCC, most notably the draft GCC Competition System and the unified legislative framework for e-commerce and digital trade, aimed at developing the regulatory environment. - ONA
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