‘Kuwait’s Chamber in consultative meeting with Gulf Trade Ministers’

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Ministers deliberate on streamlining customs procedures

KUWAIT CITY, Sept 17: The Kuwait Chamber of Commerce and Industry actively engaged in a consultative meeting held on September 14th in Salalah, Sultanate of Oman. This meeting brought together trade and industry ministers from Gulf Cooperation Council (GCC) countries and leaders of GCC Federations and Chambers of Commerce and Industry. Representing the chamber were Ali Hussein Makki Al-Jumaa, a member of the Board of Directors, and Imad Abdullah Al-Zaid, the Director General Assistant. This recurring meeting is part of an ongoing collaboration between Gulf private sector representatives and GCC governments.

Their aim is to strengthen trade and economic relations among member states, boost commercial activity, promote joint projects among institutions and companies within the GCC countries, and fortify their economies to tackle emerging international challenges, including rapid economic growth, inflation, supply chain disruptions, and fluctuations in energy and food prices. At the meeting, trade and industry ministers, along with the leaders of GCC Federations and Chambers of Commerce, discussed various topics.

These included the latest developments within the GCC’s economic legal framework and the commercial laws of GCC member states. They also explored ways to streamline and expedite customs procedures at border crossings within the GCC, addressing obstacles affecting import and export operations, the concept of unified Gulf content, and certification matters.

Additionally, it was agreed to hold a workshop in conjunction with the Second Gulf Industrial Exhibition, focusing on a key aspect of joint Gulf economic efforts. Representatives of the Gulf private sector emphasized the significance of aligning Gulf strategies in the realm of transport and logistics services through partnerships with the private sector. They called for active involvement in developing policies and systems supporting sectoral growth and advocated for the creation of international partnerships to establish Gulf shipping lines connecting numerous ports worldwide.

Furthermore, they stressed the need for continuous infrastructure development and procedural enhancements capable of accommodating and anticipating future requirements.

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