The State of Qatar participated in the 123rd meeting of the Financial and Economic Cooperation Committee of the Gulf Cooperation Council (GCC) countries. The meeting took place in Kuwait’s capital, with His Excellency Mr. Ali bin Ahmed Al Kuwari, Minister of Finance, leading Qatar’s delegation.
Participants reviewed several key outcomes from recent meetings, including the 84th session of the Committee of Central Bank Governors, sessions of the Customs Union Authority, and the 14th meeting of the Tax Administrations Committee. Discussions addressed various topics such as amendments to the minimum specific duty on tobacco, impacts from increased United States customs tariffs, and proposed allocations for judges within the Economic Judicial Authority.
The meeting also covered results from the Gulf Common Market Committee and examined GCC involvement in World Bank and International Monetary Fund meetings. Preparations for the upcoming Gulf Economic Forum in February 2025 were discussed as part of the World Governments Summit agenda.
Efforts to promote sustainable development and achieve economic integration were highlighted. Participants explored strategies to strengthen innovation and economic resilience against shared challenges.
A media campaign for the Gulf Common Market was officially launched during this session. This initiative aims to enhance public awareness and understanding of a unified Gulf market’s benefits, which include freedom of movement and residency, property ownership rights, employment opportunities, investment prospects, and equal treatment across different economic sectors.
