Gulf trade ministers meet in Muscat today
Gulf, Economics, 10/21/2002
The secretary general of the Gulf Cooperation Council (GCC) Abdul Rahman Bin Hamad al-Ateyah has announced that the ministers of commerce for the GCC member states will discuss during their meeting to be held today in Muscat means which impede trade exchange between the GCC member states and eliminating obstacles that hinder the flow of commodities and services among the Gulf member states.
In a statement issued on Sunday in Riyadh, Saudi Arabia, al-Ateyah said that the ministers will discuss new areas of trade co-operation between the GCC member states especially studying the organization of E- Commerce and develop the rules on the GCC citizens can run shares and establishing a re-insurance company for the GCC member states.
Meantime, the industry ministers in the GCC will discuss during their meeting to be held tomorrow in Muscat means of eliminating obstacles of trade exchange between the GCC member states. He explained that the ministers will discuss during their next meeting several important issues including the project of the united draft bill to fighting dumping, aiming at fighting damaging practices in the international trade.
The participants in the meeting will discuss the draft bill for encouraging foreign investments in the GCC and the united draft bill for encouraging and promoting industry in the member states.
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