• Gulf countries considering adding the areas of economic and investment to the Common Market


    In preparation for submission to the Financial and Economic Cooperation Committee
     Gulf countries considering adding the areas of economic and investment to the Common Market

    The General Secretariat of the Gulf Cooperation Council, Arabic, represented on considering the Gulf common market adoption of the economic and investment areas, new services to be added later for 10 areas, launched since the beginning of 2008. The General Secretariat of the Council mandated Cooperation Committee of the Gulf common market Committee mandated to prepare terms of reference for the preparation of a comprehensive study on the GCC common market include a comprehensive survey of decisions in the Member States on the market include the addition of other areas to 10 areas, which allow the exercise by citizens of Council States and use them within the framework of the GCC common market, especially those that are in the interest of GCC citizens. While it is important to include those activities that achieve full Gulf citizenship and facilitating the tasks of economic work for the citizens of the Gulf Cooperation Council to expand cooperation and exchanges, and economic and social integration, thereby fostering social cohesion and social cohesion.
    The current ten areas approved by the GCC common market, mobility and residence, work in Government and private sectors, the exercise of professions and trades, engage in all economic activities and investment, service, property, social security, retirement, and movement of capital, taxation, stock trading and business, education, health and social services. Sources at the GCC secretariat to the Commission on the Gulf common market during its 17th meeting in the headquarters of the Secretariat-General, headed by Yusuf Al-Roumi, Director of Gulf Arab economic cooperation in the Ministry of finance in Kuwait, stressed the importance of follow-up to the implementation of the decisions of the market, and the topics discussed in other committees to raise recommendations for submission to the financial and economic cooperation Committee. The transfer decisions were not implemented by the Member States to the competent ministerial committees and the Ministerial Committee responsible for monitoring implementation of the resolutions.
    It was also agreed that the Secretariat should prepare a paper on how to activate the role of the Committee and in coordination with the financial and economic cooperation Committee to mandate the expert House to prepare a comprehensive study on the GCC common market and take advantage of the study by the Bahrain Centre for strategic and international studies and energy. The meeting postponed the application of the decision of the Committee of Secretaries of the 42 finance on a technical team to visit Member States, so that these States identify the obstacles facing the implementation of the decisions and in other States. The Secretariat of the Federation of GCC Chambers report on obstacles to application of the GCC common market and suggested solutions.

    The Committee asked the Union to include official documents by persons already facing such difficulties in the Member States and report to the Secretariat, discussed aspects related to trade and economic issues for the private sector. The GCC secretariat to review the report and make sure that the relevant decisions from either the Supreme Council or executive decisions of Member States, and security meeting by sources on the role of liaison officers to address the constraints and complaints of citizens in any of the Member States with the necessity of the commitment of those States to update the list of liaison officers present.

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