The Committee for trade cooperation in the countries of the Gulf Cooperation Council (of Ministers of Economy and Trade) today in Riyadh, the recommendations by the Committee of Supply Gulf officials on means of cooperation and coordination to address the phenomenon of rising prices of foodstuffs, building materials and commodities markets in the GCC countries in general, along with a study on the consumer market Gulf.
Discusses Minister of Economy and Trade during their meeting of 37 a number of topics aimed at bolstering bilateral trade and remove obstacles to the flow of goods and services between the GCC countries, notably the review of the practice of commercial activity in the Gulf Cooperation Council states in the areas of retail and wholesale trade, so as to work to modify these rules, including in line with the needs of the Gulf market common future and to cope with the requirements and trade and economic developments at the global level, thus achieving full equality between practitioners of this activity from the citizens of the GCC countries. Al "economic" in this regard would be a decision to cancel the residency requirement being applied as a condition for the exercise of the citizens of the GCC countries these trading activities, and that the Committee will also discuss the issue of the protection of the Gulf investments in Europe and the issue of commercial agencies.
Ministers will also discuss the proposal submitted by the UAE on the creation of the Federation of Gulf of aluminum, and the note by the Secretariat on the request for transfer of ownership of Commercial Arbitration Center of the State Council Secretariat of the Council, while maintaining independence and moral character, in addition to a number of proposals for economic and trade agreements with a number of regional organizations The International Organization of the Islamic Conference and the "COMESA" and the Islamic Center for Development of Trade.
Discusses Minister of Economy and Commerce also note by the Secretariat establish a tribunal of competent jurisdiction shall consider appeals against decisions of the ministerial committee on the issues of unfair competition, ministers will also consider the issue of the separation of investment protection business of the draft law unfair competition, in addition to many other topics issues on the agenda.
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27 November 2007 | 
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