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Gulf Press > Gulf > Oman > Oman is participating in the meeting of GCC commerce ministers.
Oman

Oman is participating in the meeting of GCC commerce ministers.

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Last updated: 2024/10/31 at 10:38 PM
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The Sultanate of Oman recently participated in several key meetings of the GCC trade cooperation committee, the GCC industrial cooperation committee, and the ministerial committee for standardization affairs in Doha. The delegation from Oman, led by Minister of Commerce, Industry, and Investment Promotion Qais Mohammed Al Yousef, engaged in discussions with other GCC ministers on various trade and industry-related issues. One of the significant highlights of the meetings was the signing of a free trade agreement between the GCC and New Zealand.

During the meetings in Doha, Minister Al Yousef also had the opportunity to meet with his counterparts from Saudi Arabia, Qatar, and Bahrain to discuss bilateral trade relations and explore opportunities for collaboration. Additionally, on the sidelines of the ministerial gatherings, a special ceremony was held to honor 30 factories and 12 inventors from the GCC region. Among the recipients of the accolades were two Omani inventors, Sulaiman Khamis Al Khawaldi and Shaima Tahir al Saadi, recognizing their contributions to innovation and industry in the region.

The participation of Oman in these GCC ministerial meetings underscores the country’s commitment to enhancing trade cooperation, industrial development, and standardization efforts within the region. By engaging with other GCC member states on these important issues, Oman aims to strengthen its economic ties and promote growth and prosperity for its businesses and industries. The signing of the free trade agreement with New Zealand further demonstrates Oman’s commitment to fostering mutually beneficial trade relationships with partners beyond the GCC region.

The meetings in Doha provided a platform for meaningful discussions and exchanges of ideas among GCC ministers of commerce and industry, as well as representatives from various chambers of commerce in the region. These interactions are essential for fostering collaboration, sharing best practices, and addressing common challenges faced by businesses in the GCC countries. By actively participating in these forums, Oman is able to play a key role in shaping regional trade policies and initiatives that benefit all member states.

In addition to the formal meetings and discussions, the felicitation ceremony for factories and inventors highlighted the importance of innovation and entrepreneurship in driving economic growth and competitiveness in the GCC region. Recognizing the achievements of individuals like Sulaiman Khamis Al Khawaldi and Shaima Tahir al Saadi serves as an inspiration for aspiring inventors and innovators in Oman and across the GCC. It also underscores the importance of supporting and promoting a culture of innovation and creativity in the region.

Overall, the Sultanate of Oman’s active participation in the recent GCC ministerial meetings in Doha reflects its ongoing commitment to fostering greater economic cooperation, industrial development, and innovation within the GCC region. By engaging with other member states and stakeholders on key trade and industry-related issues, Oman is able to contribute to the advancement of regional economic integration and cooperation. The signing of the free trade agreement with New Zealand and the recognition of Omani inventors further underscore Oman’s dedication to promoting trade, innovation, and entrepreneurship in the GCC and beyond.

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News Room October 31, 2024
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