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GCC finance ministers launch e-gateway as bloc seeks ‘economic unity’

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MANAMA, Nov 8: Gulf Cooperation Council finance ministers met at Bahrain’s capital on Sunday to launch GCC Takamul, bringing the six-nation bloc a step closer to a common market and economic unity by 2025. GCC Takamul is an electronic gateway for complaints and enquiries related to the Customs Union and the Gulf Common Market, Bahrain’s finance minister Sheikh Salman bin Khalifa Al-Khalifa said during the talks.

Finance ministers of the Gulf Cooperation Council countries during the 114th meeting of the Financial and Economic Cooperation Committee in the Kingdom of Bahrain

“The establishment of this gateway outlines its importance at the current stage amid the remarkable progress witnessed by the Gulf Common Market in achieving Gulf citizenship,” the minister added. Ministers also continued discussions on the collection and imposition of fees aimed at combating harmful practices in international trade. Kuwait was represented at the meeting by finance minister and state minister for the economy and investment Khalifa Hamada alongside minister of commerce and industry Dr. Abdallah Al-Salman.

Integration
Bahrain Crown Prince and Prime Minister Salman bin Hamad Al Khalifah stressed, Monday, the importance of enhancing integration and supporting the development process in the GCC countries. This came during a meeting for the Crown Prince with Finance ministers of the GCC’s countries participating in the 114 session of the financial and economic cooperation committee hosted by Kingdom of Bahrain, in the presence of the GCC Secretary General Dr. Nayef Al-Hajraf, Bahraini news Agency (BNA) reported.

He stressed the keenness to continue working to achieve the desired goals in accordance with the visions of their Majesties and Highnesses, leaders of the Gulf Cooperation Council, wishing the ministers all the success in their meeting. On their parts, the GCC finance ministers expressed their thanks and appreciation to the Bahraini Crown Prince for his keenness to strengthen the GCC development process at all levels. They praised the good organization and preparations made for the success of the 114th meeting of the Financial and Economic Cooperation Committee, wishing the Kingdom of Bahrain further progress and prosperity. (KUNA)