Page 173 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

5/1/25, 9:57 AM UAE underscores commitment to develop policies, legislation to enhance competitiveness of GCC economies
The meetings discussed a range of initiatives and topics aimed at advancing the

GCC's economic environment, supporting entrepreneurial projects, and

coordinating trade and legislative policies, as well as strengthening industrial
relations among member states, in addition to strengthening relations between

member states and supporting collaborative efforts through joint Gulf industrial

work.

With an aim to enhance trade and investment cooperation among the GCC

countries, the meetings reviewed the latest developments in free trade agreements

negotiations between the GCC and other international blocs, as well as the priorities

in strengthening international partnerships and broadening access to global markets.

Dr. Al Zeyoudi emphasised that the UAE is committed to promoting the GCC's

economic integration, particularly in light of ongoing global economic shifts. He

underscored the 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 its competitiveness in the global market.

He 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 organise a number of Gulf

economic forums with some commercial partners during 2025.

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