Page 29 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

Press Release

importance of coordinated efforts in developing trade policies and legislation, supporting
competitive systems, and funding entrepreneurial initiatives as well as small and medium-sized
enterprises, all of which would enhance intra-GCC trade and bolster the competitiveness of its
global markets.

His Excellency said: "The meetings discussed several strategic topics that are key priorities for the
member states, including the adoption of a unified approach to the development of trade policies
and legislation among the member states."

The meeting conducted a comprehensive review of the developments within the GCC Investment
Agents Committee, key initiatives supporting GCC’s investment environment, mechanisms for
overcoming challenges faced by investors, and factors enhancing the attractiveness of GCC
markets for investments.

During the meetings, the committee reviewed the progress of work in implementing the joint Gulf
action strategy in the field of patents. The meetings concluded with a review of latest developments
related to a proposal to organize a number of Gulf economic forums with some commercial
partners during 2025.

The Industrial Cooperation Committee meeting focused on strengthening industrial relations
among member states and the GCC Industrial Excellence Awards. The meeting also discussed
several joint initiatives and topics aimed at boosting the competitiveness of the industrial sector
and promoting intra-GCC trade.

During the Standardization Affairs Committee meeting, the members approved a number of
unified GCC technical regulations in the food and electric vehicle sectors, with the aim of
enhancing GCC market and facilitating trade exchange among member states. The committee also
approved the internal regulations for the GCC Accreditation Center.

The UAE delegation included H.E. Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of
Economy; H.E. Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced
Technology; H.E. Juma Al Kait, Assistant Undersecretary of Foreign Trade Affairs at Ministry of
Economy; H.E. Safeya AlSafi, Assistant Undersecretary for the Control and Commercial
Governance Sector at Ministry of Economy; H.E. Dr. Farah Al Zarooni, Assistant Undersecretary
for Standardization Affairs; and H.E. Osama Amir Fadhel, Assistant Undersecretary for the
Industrial Accelerators Sector at the Ministry of Industry and Advanced Technology.

The meetings reflect the bloc’s continued commitment to strengthening joint efforts, advancing
the development of its economic and industrial sectors, and expanding opportunities for the private
sector, contributing to solidifying the position of GCC countries as leading industrial and
commercial hubs at both regional and global levels.

-Ends -