FGCCC connecting bloc’s economies

Chairman of the Kuwait Chamber of Commerce and Industry (KCCI) Ali Mohammed Thunayan Al-Ghanim has stressed the vital role of the Federation of Chambers of the Gulf Cooperation Council (FGCCC) for connecting economic of the member states. Al-Ghanim, who is also FGCCC chairman, said that the federation plays a significant role in designing the economic policies on the Gulf, Arab and international scenes.

The remarks were made on the sidelines of the FGCCC meeting in Doha, Qatar. The FGCCC’s role is also essential for activating and supporting the resolutions taken by the GCC Supreme Council for further enhancing pan-GCC economic links and cooperation, he said. On the FGCCC meeting, he said that they had discussed a multitude of common issues, focusing on joint investments and means of boosting trade among the member states.

Referring to the Justice Against Sponsors of Terrorism Act (JASTA) recently passed by the US Congress, Al-Ghanim said that Kuwait had adopted discussing it with the GCC economic leaderships, to conclude a vision and submit it to the FCGCCC secretariat. The meeting agreed to issue a statement on JASTA over the coming few days, he noted. Meanwhile, under Kuwait’s presidency the FCGCCC will make further efforts to promote economic and trade cooperation among the GCC member states. Today’s discussions also addressed various issues related to the private sector and FCGCC reports, in addition to the federation’s work program for 2017.