Ministry of Commerce participates in the 13th meeting of the GCC Foreign Trade Committee
The Kuwaiti Ministry of Commerce and Industry participated in the 13th meeting of the GCC Foreign Trade Committee to discuss WTO reform and trade mechanisms.
Translated by Qiyas from كونا — Original source
Kuwait City, 29 September (KUNA) – The Ministry of Commerce and Industry, represented by the departments responsible for international organizations and foreign trade affairs, participated today, Tuesday, in the 13th meeting of the Foreign Trade Committee among the Gulf Cooperation Council (GCC) countries. The meeting was attended by representatives of various relevant state entities and was held via video conferencing.
In a statement to the Kuwait News Agency (KUNA), the ministry said that the meeting followed up on the recommendations of the committee’s previous meeting held last February, and took note of decisions issued by the GCC Trade Cooperation Committee, including the Carbon Border Adjustment Mechanism under the European Union’s tax rules.
It added that the meeting discussed agenda items concerning the reform of the World Trade Organization (WTO) and the multilateral trading system, as well as WTO issues related to the interests of GCC countries, the need to unify positions on these matters, and the follow-up on outcomes of the WTO Ministerial Conference.
The ministry clarified that the meeting also addressed joint action plans between the GCC and several countries around the world concerning trade and foreign investment. (End) A.A.M. / A.M.H.
