Page 176 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

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.

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 Standardisation 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 the
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 Abdullah Ahmed Al Saleh, Under-Secretary of the Ministry of
Economy; Omar Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology;
Juma Al Kait, Assistant Under-Secretary of Foreign Trade Affairs at Ministry of Economy; Safeya
AlSafi, Assistant Under-Secretary for the Control and Commercial Governance Sector at Ministry of
Economy; Dr. Farah Al Zarooni, Assistant Under-Secretary for Standardisation Affairs; and Osama
Amir Fadhel, Assistant Under-Secretary 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.

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