Sunday 9 May 2010

GCC scraps cement and steel tariffs

GCC finance ministers have agreed to abolish customs tariffs on steel and cement, GCC Secretary-General Abdul Rahman Al-Attiyah said Saturday, adding that their proposal would be presented to GCC leaders when they meet here Tuesday.

Speaking to reporters after a meeting of finance ministers of the Gulf Cooperation Council, Al-Attiyah said the leaders of Saudi Arabia, Qatar, Bahrain, Oman, Kuwait and the UAE would take up all topics of economic integration during their half-yearly consultative summit in Riyadh.

He indicated that the GCC leaders would discuss important issues such as the Gulf Common Market and the Customs Union as well as all other matters related to removing obstacles facing economic integration and improving performance.

No comments:

Post a Comment