The ministers of finance and economy of the Gulf Cooperation Council GCC held virtually the 115th extraordinary meeting of the Financial and Economic Cooperation Committee. The meeting was chaired by the Saudi minister of finance Mohammed Al-Jadaan and with the participation of the Secretary-General of the GCC Dr Nayef Falah Al-Hajraf.
The ministers reviewed the progress made on topics related to strengthening financial and economic cooperation between the GCC countries, and were briefed on the economic decisions issued by the supreme council at its 42nd session, and the plan to complete the remaining steps for the establishment of a customs union, as well as the recommendations of the customs union authority, the recommendations of the Gulf common market committee.
Al-Jadaan called on Gulf countries to complete the process for the establishment of a customs union, and move with the necessary measures to create a Gulf common market om order to to achieve economic unity by 2025.
He stressed the kingdom's keenness during the year of its presidency of the GCC to redouble efforts in this direction.
Source: commonspace.eu with Almowaten (Saudi Arabia) and Arab News (Riyadh.
Picture: Screen view from the virtual 115th extraordinary meeting of the Financial and Economic Cooperation Committee of the Gulf Cooperation Council; Source: Saudi Ministry of Finance.