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GCC summit highlights economic agreement, integration - Al-Shimali  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 26/12/2012

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(MENAFN - Kuwait News Agency (KUNA)) Kuwait's Deputy Prime Minister and Finance Minister Mustafa Al-Shamali said here on Tuesday that the final communique of the Supreme Council of the Gulf Cooperation Council (GCC) will include several important issues dealing with the economic agreement and economic integration among member states.

Al-Shimali said in statements to KUNA, on sidelines of the 33rd GCC Summit, which will conclude today that the Supreme Council of the GCC leaders stressed the need to take necessary steps to strengthen joint GCC work, particularly with regard to the third article of the Economic Agreement.

He added, the Supreme Council called upon concerned committees to accelerate the implementation of the economic agreement, consisting of unifying monetary and financial policies, and enhancing production capabilities to ensure greater job opportunities for citizens.

Clarifying that financial and economic committees were tasked to present timed programs aimed at achieving complete transition of economic integration among GCC countries.

He said, the supreme council praised the GCC achievements in various fields of development, to achieve economic integration and activating the member states' role.

He noted that the Supreme Council called on foreign and finance ministers in the GCC to hold joint meetings before the GCC consultative summit to be held in May 2013, in Riyadh, to draft recommendations concerning economic integration for the summit.

 






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