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Press Release

UAE reiterates support for GCC efforts to enhance

intra-regional trade and investment flows & establish

legislative frameworks for e-commerce

- Dr Thani Al Zeyoudi welcomes Committee’s efforts in prioritizing SME support, easing
export procedures and updating laws, regulations, and rules governing intra-trade
exchanges

- HE Dr Thani: “It’s clear the committee’s work will help generate investment prospects
for local entrepreneurs and project owners and enhance the sustainability, growth, and
global competitiveness of GCC economies”

Abu Dhabi, 1 May 2024:

His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led a high-
level UAE delegation at the 66th GCC Trade Cooperation Committee meeting in Doha, Qatar, on
Wednesday, May 1, 2024. The meeting sought to enhance the GCC economic landscape by
promoting regional trade opportunities, supporting entrepreneurs and SMEs, establishing new
frameworks for investment and advancing progress on the GCC Commercial Arbitration Center.
The session also explored potential amendments to commercial laws on consumer protection,
competition regulations, e-commerce, and digital trade.

The UAE delegation included Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of
Economy; Abdullah Sultan Al Fan Al Shamsi, Assistant Undersecretary of the Ministry of
Economy for the Control and Commercial Governance Sector; and His Excellency Juma
Mohammed Al Kait, Assistant Undersecretary for International Trade Affairs.

His Excellency Dr Thani Al Zeyoudi confirmed that the UAE is committed to supporting the
GCC’s efforts in boosting regional integration and prosperity, stating that it serves the interests of
all member states, enhances the competitiveness of local businesses, and fosters partnerships in
key economic sectors.

His Excellency said: “We very much welcome the Trade Cooperation Committee’s ongoing efforts
to boost the regional business environment, particularly in regards to attracting foreign investment,
prioritizing support for SMEs, expediting business startup programs, easing export procedures,
amending the rules and regulations governing trade, and promoting investment flows among
member nations under the GCC Free Trade Agreement. It’s clear the committee’s work will help

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