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Qatar Tribune

Qatar joins GCC economic meeting in Kuwait

QNA DOHA Qatar took part in the 123rd Meeting of the Financial and Economic Cooperation Committee of the Gulf Cooperation Council (GCC), held in the State of Kuwait on Sunday. Minister of Finance HE Ali bin Ahmed Al Kuwari chaired the State of Qatar's delegation at the meeting. The meeting reviewed the outcomes of the 84th Meeting of the Committee of Governors of Central Banks of the GCC Countries, the meetings of the GCC Customs Union Authority, and the 14th Meeting of the Committee of Heads and Directors of Tax Departments. Discussions also covered the amendment of the minimum specific duty on tobacco, the implications of increased United States customs tariffs, and the proposed allocations for judges of the Economic Judicial Authority. It further discussed the outcomes of the GCC Common Market Committee, along with a review of the GCC's engagement in the International Monetary Fund (IMF) and World Bank meetings, in addition to the implementation document on the unified criteria for defining the national Gulf product, with particular emphasis on advancing economic integration, fostering innovation, and strengthening economic resilience in the face of common challenges. The Media Campaign on the GCC Common Market was launched on the margins of this meeting. It aims to raise public awareness, foster understanding of the unified Gulf market notion, and highlight the merits it offers to citizens and investors alike. These merits include freedom of movement and residency, property ownership, employment, investment, and equal treatment across a variety of economic sectors.