Tuesday 03 / June / 2025
Kuwait: The Sultanate of Oman on Sunday participated in the 123rd meeting of the GCC Financial and Economic Cooperation Committee, held in Kuwait. Oman's delegation was led by Sultan Salim Al Habsi, Minister of Finance.
The meeting discussed the outcome of the 84th meeting of the GCC Central Bank Governors Committee, the meetings of the GCC Customs Union Authority, the 14th meeting of the GCC Tax Departments Committee and the 42nd meeting of the Gulf Common Market Committee.
The meeting also reviewed the impacts of the recent rise in US customs duties on GCC states.
The GCC Financial and Economic Cooperation Committee reviewed statistics on the Gulf Common Market, the progress of negotiations on free trade agreements between GCC states and other countries and international groups, the outcome of signing and ratification of the agreement on the GCC Payment Linkage System, studies and projects under review by the Office of the GCC Economic and Development Affairs Authority and updates about a programme on achieving economic unity among GCC states, in addition to other matters of common concern.
On the sidelines of the meeting, the GCC Secretariat General launched a media campaign titled "All the Gulf is a Homeland". The campaign aims to raise awareness about equal economic and social rights and benefits offered to GCC citizens within the framework of the Gulf Common Market. It also reflects the GCC states' commitment to the concept of the GCC citizenship.
