- Home
- Middle East
- UAE
- Obaid Al Tayer, GCC Secretary-General discuss GCC economic cooperation and integration
Obaid Al Tayer, GCC Secretary-General Discuss GCC Economic Cooperation And Integration
Umer Jamshaid Published August 02, 2021 | 10:30 PM
DUBAI, (UrduPoint / Pakistan Point News / WAM - 02nd Aug, 2021) Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, today met with Dr. Nayef Falah Mubarak Al-Hajraf, Secretary-General of the Gulf Cooperation Council (GCC).
During the meeting, the sides discussed means to enhance financial and economic cooperation between GCC countries, accelerate their economic integration, drive their trade exchange and boost the outputs delivered by the GCC Customs Union Authority and the Gulf Market Committee.
Al Tayer highlighted the UAE's pivotal role in enhancing economic, trade and developmental integration, and expanding the scope of cooperation and coordination between GCC countries, to strengthen the role of GCC countries in the global economic decision-making process.
The GCC plays an essential role in consolidating the strong ties and strategic partnerships between its member states, he added, stressing the Ministry of Finance's keenness to enhance relations between the UAE and other GCC countries to support their joint action efforts and meet their developmental goals.
The Ministry of Finance is overseeing the implementation of the Unified Economic Agreement of the GCC countries and joint GCC economic action, and related projects, including financial integration, and the implementation of plans of the GCC Customs Union Authority and Gulf Market Committee.
The ministry established a specialised department dubbed the "Department of the Cooperation Council for the Arab States of the Gulf Affairs" to follow up on the implementation of Economic Integration projects.
Recent Stories
One woman died after speedy bus overturned
155 killed in Tanzania as heavy rains lash East Africa
Parliament committed to resolve public issues on priority basis: Ghulam Mustafa
Collaborative Care of Diabetes Centre inaugurated in Faisalabad
Usain Bolt named ICC Men’s T20 World Cup 2024 Ambassador
PM visits martyred Customs official's residence in Abbottabad
Ethiopian Special envoy urges Lahore's traders fraternity to join trade delegati ..
Kazakhstan envoy meets commissioner
Safari Park to welcome Madhubala elephant in May
Romina meets ADB Climate specialist Nathan Rive
2 ring leaders among 3 terrorists killed in Khyber operation
Govt committed to developing gems, jewelry sector: Minister
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago