Qatar Hosts Crucial GCC Ministerial Meetings on Industry and Trade.

Market


Doha: The State of Qatar hosted today the ministerial meetings of the 53rd Industrial Cooperation Committee, the 67th Trade Cooperation Committee, the 8th Ministerial Committee on Standardization, and the accompanying consultative meeting for the Gulf Cooperation Council (GCC) countries. The meetings were chaired by HE Minister of Commerce and Industry Sheikh Mohammed bin Hamad bin Qassim Al-Thani with the participation of Their Excellencies the Ministers of Commerce and Industry from the GCC countries and HE Secretary-General of the GCC Jasem Mohamed AlBudaiwi.

According to Qatar News Agency, in his opening speech, HE Sheikh Mohammed bin Hamad bin Qassim Al Thani welcomed Their Excellencies to the State of Qatar, emphasizing that these ministerial committees further the efforts to strengthen joint coordination across all aspects of economic cooperation, aiming to achieve Gulf economic integration. His Excellency affirmed that the Industrial Cooperation Committee plays a key role in strengthening industrial
integration among GCC countries by coordinating efforts in priority industrial sectors and developing policies that enhance the competitiveness and sustainability of the Gulf industrial sector, increase its productive capacity, and improve product quality, thereby boosting the Gulf economy’s position on the global economic map.

During the Trade Cooperation Committee meeting, His Excellency praised the achievements in the trade sector over the past years, made possible by mutual cooperation. On the sidelines of the Trade Cooperation Committee meeting, a joint meeting was held between committee members and HE Secretary of State for Business and Trade Jonathan Reynolds to discuss the outcomes of recent negotiations in London regarding the Free Trade Agreement between the GCC countries and the United Kingdom. The committee members also met with HE New Zealand’s Minister for Trade Todd McClay, where they signed the final statement for the Free Trade Agreement negotiations between the GCC and New Zealand.

During
the Ministerial Committee on Standardization, HE the Minister of Commerce and Industry noted that the rapid advancements in specifications and standards, along with the challenges posed by open markets, require intensified efforts and unification in standardization and quality. This includes updating legislation, technical regulations, and specifications, and unifying Gulf standards to ensure they meet the needs of GCC countries and enhance their integration in this vital area. The ministers discussed various topics and issues listed on the agenda and made appropriate decisions on them.

Additionally, HE Sheikh Mohammed bin Hamad bin Qassim Al Thani chaired the consultative meeting between Their Excellencies the Ministers of Commerce and Industry, and the heads of GCC Chambers of Commerce and Industry, in the presence of the GCC Secretary-General. They discussed topics and recommendations submitted by the heads of GCC chambers, making appropriate decisions regarding them.