Sanaa:Mr. Abdulla bin Adel Fakhro, the Minister of Industry and Commerce, chaired the 15th Consultative Meeting of GCC Ministers of Commerce and Industry, along with heads of Gulf federations and chambers.
Accourding to Ministry of Industry and Commerce - Bahrain, the meeting was held in conjunction with the GCC ministerial committee meetings in the Kingdom of Bahrain. The Minister emphasized the importance of enhancing coordination and joint efforts to address regional and international developments, aiming to protect the GCC's economic interests and ensure supply-chain resilience and the flow of goods and services.
The Minister highlighted the necessity of transitioning from coordination to greater economic integration. This involves promoting joint Gulf investments, expanding commercial and industrial projects, facilitating the movement of capital, goods, and services, and removing barriers to intra-GCC trade.
He expressed optimism that the meeting would yield practical recommendations and shared visions to strengthen cooperation among GCC countries. The aim is to enhance public-private sector partnerships to support sustainable development and prosperity in the region.
The meeting addressed several agenda items focused on bolstering trade, industrial, and investment cooperation among GCC countries.