Page 963 - MOE ENGLISH PR - MAY 2024

5/10/24, 9:17 AM UAE reiterates support for GCC efforts to enhance intra-regional trade and investment flows & establish legislative frameworks 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

generate investment prospects for local entrepreneurs

and project owners and enhance the sustainability,

growth, and global competitiveness of GCC economies.”

During comprehensive discussions on ways to

invigorate the GCC business landscape and foster

collaboration frameworks among member states, the

committee highlighted the need to streamline import

and export processes and prioritize GCC SMEs in

government tenders.

The Committee also deliberated on various mechanisms

to assist to the region’s entrepreneurs. These strategies

include implementing training programs, facilitating the

exchange of expertise and experiences, promoting

investment and partnerships, initiating business

accelerator and establishment programs, as well as

facilitating the registration of patents across all member

https://wam.ae/en/article/b2xmnia-uae-reiterates-support-for-gcc-efforts-enhance 3/6