Muscat, The GCC ministers of finance and
economy held their 110th meeting of the Financial and Economic
Committee at Al Bustan Palace Hotel in Muscat today under the chair
of Darwish bin Ismail al-Balushi, Minister Responsible for Financial
Al-Balushi pointed out in a speech that the international economy
recently witnesses rapid developments and new challenges that
require the GCC countries to keep pace with these developments and
facing those challenges through unifying the efforts and enhancing the
GCC joint economic work to reach integrated prospective economy and
achieve aspirations of the GCC peoples.
On his turn, Dr. Abdul Latif bin Rashid al-Zayani, GCC
Secretary General expressed his sincere thanks and appreciation for
the Sultanate's support to the GCC joint action march, as well as for
the sincere efforts in enhancing the GCC cooperation to achieve further
integration among the GCC countries in various fields.
The meeting discussed several topics relating to the joint
financial and economic cooperation and the GCC common market. It
also discussed several recommendations raised by the GCC
Committee of Governors of Monetary Institutions and Central Banks,
the GCC Customs Union and the GCC Tax Authorities upon which
appropriate decisions were taken.
Source: Oman News Agency