Kuwait Participates in the 10th Meeting of the Preparatory Committee of the Gulf Economic and Development Affairs Authority in Manama
A Kuwaiti delegation led by Al-Marzouq participates in the 10th meeting of the Preparatory Committee in Bahrain, chaired by Al-Khalifa and with the participation of Al-Badawi.
Translated by Qiyas from كونا — Original source
Manama, October 11 (KUNA) – Kuwait participated today, Sunday, in the tenth session of the Permanent Preparatory Committee at the ministerial level of the Economic and Development Affairs Council of the Gulf Cooperation Council (GCC) countries, held in Manama. The Kuwaiti delegation was led by the Minister of State for Economic Affairs and Investment and Acting Minister of Commerce and Industry, Abdulaziz Al-Marzouq.
The meeting, hosted by the Kingdom of Bahrain and chaired by Bahrain’s Minister of Finance and National Economy, Sheikh Salman bin Khalifa Al Khalifa, was attended by the ministers of economy from GCC member states and the GCC Secretary-General, Jassem Al-Budaiwi.
The session discussed several common financial and economic issues, foremost among them completing the roadmap to achieve Gulf economic unity to enhance economic integration among the member states, as well as monitoring developments in the implementation of the plan and operational mechanism for the timeline of the program to build the Gulf economic model.
The meeting also reviewed updates on the “Envisioning Future Prospects for Integration in the Economic and Development Fields for 2027” program, as well as studies and projects monitored by the Office of the Economic and Development Affairs Council, and the results of the draft proposal on establishing training programs to simulate economic crises, which will contribute to enhancing the readiness of GCC member states to address future economic challenges.
The ministers affirmed their consensus on the agenda items, emphasizing the GCC states’ commitment to consolidating economic cooperation and strengthening common ties in line with the aspirations of their leaders to achieve greater integration in the course of joint Gulf action and to enhance readiness to confront economic crises.
At the conclusion of the meeting, the ministers agreed to submit recommendations to the Economic and Development Affairs Council, stressing the importance of continuing to strengthen the cooperation process among GCC member states in a manner that serves common interests and supports economic and development integration pathways. (End) K.N.A. / S.M.A.
