Gulf bloc seeks deeper eco­nomic co­op­er­a­tion

Arab Times - - BUSINESS -

KUWAIT CITY, Sept 24, (KUNA): Com­merce min­is­ters from across the Gulf Co­op­er­a­tion Coun­cil (GCC), in­clud­ing Kuwait, came to­gether via video call on Thurs­day to ex­am­ine how the re­gion can bounce back from coro­n­avirus-in­duced eco­nomic stag­na­tion.

The talks, with Kuwaiti Com­merce Min­is­ter Khaled Al-Roud­han among the par­tic­i­pants, fo­cused on the “next phase” of post-coro­n­avirus eco­nomic re­cov­ery, said a com­merce min­istry state­ment, cit­ing sus­tain­able food se­cu­rity as a com­mon long-term goal.

Eco­nomic chal­lenges fac­ing GCC economies were also dis­cussed, in­clud­ing fac­tors that could en­cum­ber the growth of small and medium en­ter­prises, in ad­di­tion to an in­te­grated plat­form for con­sumer pro­tec­tion laws, added the state­ment.

Such talks are im­per­a­tive to set plans in mo­tion amid ef­forts to nudge up eco­nomic growth across the Gulf re­gion, it added.

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