MoF organizes 4th Meeting for UAE Team Tasked with following up on the progress of the Economic Sector in GCM

In line with its efforts to support decisions pertaining to the Gulf Common Market (GCM) and ensuring their implementation in the UAE, the Ministry of Finance (MoF) held its fourth meeting with the UAE team tasked following up on the progress of the economic sector within the Gulf Common Market (GCM). The meeting was held to follow up on the performance of the market’s economy.

Headed by Ibrahim Hassan Rashid Al Jarwan, Head of GCC and Arab Countries at MoF, the meeting was attended by representatives from the Ministry of Interior, Ministry of Foreign Affairs, Ministry of Economy, The Securities and Commodities Authority, National Transport Authority, Central Bank of the UAE, Federation of UAE Chambers of Commerce and Industry, and the local Chambers of Commerce and Industry in the country.

The participants reviewed the recommendations and decisions concluded previously at their third meeting while highlighting the decisions made by the GCC Supreme Council regarding the GCM. Participants also discussed the most important topics addressed during the 13^th meeting of the GCM Committee. MoF gave a presentation on its new electronic feedback system which is being developed to address questions, complaints and suggestions of GCC citizens with regards to the GCM and attendees reviewed media strategies to enhance public awareness about the common market.

Commenting on the meeting, HE Younis Haji Al Khouri, Undersecretary of MoF, said: “In line with our strong belief in the importance of the Gulf Common Market in achieving equality for all GCC citizens in addition to the many benefits and privileges it presents, the Ministry of Finance is developing a state-of-the-art electronic system to handle all complaints, enquiries and suggestions pertaining to the common market.”

“The Ministry of Finance is committed to addressing all obstacles and challenges pertaining to the GCM and continues to promote coordination efforts with different parties related to the market,” HE Al Khouri added.