UAE affirms support for Gulf economic cooperation

Dr. Thani bin Ahmed Al-Zeyoudi, the Emirati Minister of State for Foreign Trade, affirmed the UAE’s willingness to support joint Gulf action in various priority economic issues. The UAE is keen to raise the level of cooperation and coordination via several mechanisms to promote economic, commercial and investment integration in the Gulf region.

The announcement by the Emirati minister came during an extraordinary meeting of the Trade Cooperation Council of the  Gulf Co-operation Council (GCC), with the participation of trade ministers and the presence of Dr. Nayef Al-Hajraf, Secretary-General of the Council. The meeting is a continuation of positive and cooperative sentiments expressed during the latest GCC summit.

Some of the expected changes include an amended consumer protection system, the adoption of the amended patent system, and continuing to support and encourage small and medium enterprises and institutions.


Al-Zeyoudi added: “The last meeting of the GCC leaders at the Al-Ula summit witnessed the issuance of a set of decisions and recommendations aimed at strengthening Gulf cooperation and integration in many areas and sectors of priority for the GCC countries, especially the areas related to the consumer protection system and the new law in this regard. Developing the Gulf intellectual property environment, through amendments to the unified patent law, setting clear frameworks for cooperation in support of entrepreneurship at the Gulf level, and encouraging the activities of emerging, small and medium companies in the GCC countries.


Al-Zeyoudi emphasized that these important ideas discussed by the committee would create new paths for partnership and economic integration among the GCC states, and support their plans and strategies for the transformation towards diversified and sustainable economies based on knowledge, innovation and high productivity.

 

Source: commonspace.eu with Al Khaleej newspaper (Abu Dhabi). 
Picture: Screenshot from online meeting of the GCC's Trade cooperation council. 
 

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
Stumbling blocks for Armenia and Azerbaijan on the Road to SCO Membership

Stumbling blocks for Armenia and Azerbaijan on the Road to SCO Membership

The Shanghai Cooperation Organisation (SCO) Summit, held on August 31–September 1, 2025, in Tianjin, China, brought together leaders of the 10 member states, as well as representatives from over 20 countries and 10 international organisations. The summit resulted in the adoption of the Tianjin Declaration and the SCO Development Strategy until 2035, outlining key directions for cooperation and security. Armenia officially announced its intention to join the SCO on July 3, 2025, emphasising its commitment to the organisation’s core principles, territorial integrity, non-use of force, and inviolability of borders. Azerbaijan submitted its application later, in August. Currently, the process of admitting Armenia and Azerbaijan to the SCO is in the preliminary co-ordination stage, involving the attainment of partner status with the prospect of transitioning to full membership in the future.

Popular

Editor's choice
News
Stumbling blocks for Armenia and Azerbaijan on the Road to SCO Membership

Stumbling blocks for Armenia and Azerbaijan on the Road to SCO Membership

The Shanghai Cooperation Organisation (SCO) Summit, held on August 31–September 1, 2025, in Tianjin, China, brought together leaders of the 10 member states, as well as representatives from over 20 countries and 10 international organisations. The summit resulted in the adoption of the Tianjin Declaration and the SCO Development Strategy until 2035, outlining key directions for cooperation and security. Armenia officially announced its intention to join the SCO on July 3, 2025, emphasising its commitment to the organisation’s core principles, territorial integrity, non-use of force, and inviolability of borders. Azerbaijan submitted its application later, in August. Currently, the process of admitting Armenia and Azerbaijan to the SCO is in the preliminary co-ordination stage, involving the attainment of partner status with the prospect of transitioning to full membership in the future.