GCC joint action proved its ability to change

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Mansouri Mitrisa State delegation meeting of the committees of trade and industrial cooperation in the countries of «cooperation»: GCC joint action proved its ability to change

History:  May 22, 2015

■ Mansouri during preside over the state delegation at the GCC meeting in Doha | from the source

 

 

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HE Engineer Sultan bin Saeed Al Mansouri, Minister of Economy stressed that the GCC joint action has proven over the years its strength and its ability to change, creativity and excellence at all levels and trends that will achieve sustainable and balanced development of the GCC culmination of the sincere efforts made by Their Majesties and Highnesses the leaders of the GCC countries during the march long for the economic and social integration and cooperation to our countries.

This came during a chair and Minister of Economy State delegation of the Committee for Commercial Cooperation of the meeting (51) and the meeting of the «40» of the Industrial Cooperation Committee of the Gulf Cooperation Council (GCC), held yesterday in the Qatari capital Doha in the presence of Minister of Commerce and Industry of the Gulf Cooperation Council for the Arab States of the Gulf and Dr. Abdullatif bin Rashid Al Zayani, Secretary General of the Cooperation Council for the Arab States of the Gulf and the meeting was chaired by Sheikh Ahmed bin Jassim bin Mohammed Al Thani, Minister of Economy and Commerce of Qatar.

State delegation included Engineer Mohammed Ahmed Bin Abdul Aziz Al Shehhi, Undersecretary of the Ministry of Economy for Economic Affairs, Humaid Bin Butti Al Muhairi, Assistant Undersecretary for Commercial Affairs and Consumer Protection and Tariq Ahmed Marzouki, Director of Government Communication Department in the ministry and the sword of Hamrani of the Minister of Economy Office.

Upgrading GCC work

The Minister of Economy concern of the State under the leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan «may God protect him» to strengthen the work Alkhalegey joint and elevate it to the highest levels and to support the GCC process and consolidate the rules in order to achieve more accomplishments for the welfare and benefit of the peoples of the state on various levels especially on the economic, commercial, industrial and investment level.

Care

He stressed the UAE's keenness to implement all the joint cooperation between the Council and support and promote the integration of the Gulf and pushed forward in order to face the challenges of the present and the future and strengthen the march of the Gulf Cooperation Council countries blessed decisions for the good and welfare of the citizens of the GCC countries.

He stressed the Minister of Economy to promote and support the efforts of the GCC joint action aimed to achieve progress and prosperity for the people of the GCC countries and the promotion of joint action and raise the level of the big hopes and ambitions and potential of the GCC.

18 million

For his part, Dr. Abdul Latif bin Rashid Al Zayani, Secretary General of the Cooperation Council for the Arab States of the Gulf in his opening speech said that the Gulf Common Market the role of the GCC countries has led to positive results felt by Gulf nationals, where the number of GCC citizens who have moved between the GCC countries during the period 1995 increased until 2013 4.5 million to more than 18 million.

Benefit

Al-Zayani said that the past years have seen a marked increase in the number of beneficiaries of allowing open branches of GCC companies decisions and the number of licenses to 40 thousand license according to 2013 statistics and the number of allowed companies to trade their shares to the citizens of the GCC countries to more than 600 joint-stock company with a capital of about 22 billion dollars, while the number of bays shareholders in these companies amounted to about 290 thousand shareholders.

The new reality

Zayani stressed that the GCC live today a new economic reality embodied by the decisions of Gulf citizenship and active Gulf market, which is now home to 47 million people with a GDP amounted to about $ 1.6 trillion foreign trade amounted to about $ 1.4 trillion.

HE Engineer Sultan bin Saeed Al Mansouri explained that trade cooperation committee discussed a number of important topics aimed at supporting trade between the GCC countries and the elimination of obstacles to the flow of goods and services among the GCC countries.

Insurance legislation

The meeting also discussed the proposal Emirates on coordination between the insurance legislation in the GCC countries through the preparation of regulatory lists common and sophisticated to some important insurance areas were to approve the formation of a committee concerned with the development and regulation of the insurance industry where all the GCC countries represented, and that the importance of the existence of regulations for this important sector between the countries cooperation. The Ministers recommended inviting stakeholders to a meeting to consider the legislation and identify improvement points and then presented to the Commission on trade cooperation.

 

They also reviewed the note by the Secretariat on the draft executive regulations of the law (system) brands are among the GCC countries and recalled the Supreme Council of the Cooperation Council's decision at its third session (24 to 25 December 2014) adoption of a law (system) Brands of the GCC countries and the work done in mandatory and Member States shall apply this law within 6 months from the date of approval of the Committee on trade cooperation Regulations.

Trade Organization

The meeting also reviewed the recommendations of the World Trade Organization for the GCC countries, which include the offer factual to the requirements of the Customs Union of the GCC countries within the framework of the World Trade and propose Organization Director-General of the World Trade Organization to review trade policies of the Gulf Cooperation en masse in 2017, and a note by the Secretariat on the follow-up project to facilitate trade agreement WTO and speech Qatar the need the need to unite to impose the temporary ban or lift it on imported food products and the proposal to Saudi Arabia on the implementation of the decision ninth Ministerial Conference of the Organization of the private World Trade granting the least developed countries mechanism preferential treatment and a note by the Secretariat on the proposal Kuwait Arabization language WTO and inquiries from the United States and Australia regarding the Uniform Code of anti-dumping and countervailing measures and preventive of the Gulf Cooperation Council and asked Saudi Arabia address the low quality painting of tobacco and its derivatives. The meeting also reviewed the note by the Secretariat on the procedures and forms the exercise of economic activities in the GCC countries guide.

The Committee on Industry

And discussed industrial cooperation committee meeting proposed electronic certificate of origin among the GCC countries, and the rules modified controls inputs industry in the GCC countries, and the latest developments made in the anti-dumping law, and the latest developments in the rules of giving national products Member States.

For Industrial Cooperation Committee also reviewed the recommendations of the first meeting and the second of the Technical Committee to discuss proposed amendments to the Act (system) Unified industrial organization, and its implementing regulations was agreed to reformulate articles of the law and regulations so that modulate materials that have been agreed upon and materials which do not have consensus remains as the previous text contained in the Act and the Regulations.

Intellectual property

The meeting reviewed the recommendations of the Technical Committee for Intellectual Property of the Gulf Cooperation Council were to approve the preparation of a study of the current status of intellectual property in the GCC States by a specialized consulting firms and the approval of the functions and terms of reference of the Commission, which include the development of policy and strategy of a unified intellectual property of the GCC countries and to propose legislation and uniform laws in the areas of intellectual property and others.

The study of industrial non-oil export development strategy

The review of the Secretariat memorandum on the study of non-oil industrial exports development strategy of the Gulf Cooperation Council as well as the recommendations of a working group to discuss the proposal to establish a committee to be responsible for Entrepreneurship and Innovation initiatives for small and medium projects in the GCC countries.

They also reviewed the Secretariat memorandum on non-activation of the uniform rules to promote a Gulf industrial joint ventures in the GCC countries and the recommendations of the localization of the railway and the metro in the GCC Industries Conference and arrangements preparing for the fourth conference for business owners from the GCC countries and their counterparts from India and a memorandum of Public Authority for Industry in Kuwait about Industrialists Conference the fifteenth of the Gulf Cooperation (November 2015 in Kuwait). They also reviewed the annual report of the Gulf Organization for Industrial Consulting on its activities and achievements during its work plan for 2014.

Electronic certificate of origin

Were reviewed proposed electronic certificate of origin between the GCC countries and the Secretariat will refer the certificate to the competent Committee on and benefit from the experience of similar applicable in the UAE.

With regard to the proposed amendment controls inputs industry in the GCC countries has been mandated by the General Secretariat to submit a report on this subject. And on the latest developments that took place in the anti-dumping Law Committee took note of the latest news of the follow-up to the ratification of countries Act (system) anti-dumping and countervailing measures and preventive of the Gulf Cooperation Council.

Priority

On the latest developments in the rules of giving national products Member States was assigned to the Secretariat prepare a report on what has been reached on it and place it as a standing item on the meetings of the agents until the completion of the approval and follow up its implementation.