Page 965 - 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 …
Ultimately, this initiative aims to promote trademark

and franchise expansion among member states.

Another area of focus was the establishment of a

legislative framework for electronic and digital

commerce among the GCC countries, ensuring

adherence to the procedural regulations of each

country. The objective is to promote and strengthen

electronic and digital commerce within the member

states' markets. Additionally, there is an emphasis on

leveraging their collective expertise in this field.

The Committee also evaluated the arrangements for the

second China-GCC Economic and Trade ministerial

meeting. It discussed preparations for the

accompanying forum, as well as planning for the first

session of the China-GCC Forum on Industrial and

Investment cooperation, which will be hosted by China

this month. The goal of these meetings is to enhance

economic and trade collaboration, particularly in areas

such as investment, industry, and technology.

Additionally, these efforts aim to establish a free trade

agreement between China and the GCC, which would

benefit both parties.

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