Minister of Industry and Advanced Technology reinforces UAE commitment to coordination and consultation to support joint GCC economic actions

Minister of Industry and Advanced Technology reinforces UAE commitment to coordination and consultation to support joint GCC economic actions

 

The meeting attendees discussed a set of priority issues including efforts to combat Corona, and how to optimize and leverage the technologies of the Fourth Industrial Revolution in order to empower the industrial sector

His Excellency Dr. Al Jaber said “Today’s multiple global challenges highlight the need for better coordination between Gulf nations. By acting together, we can redefine our collective future in the post COVID landscape, taking into consideration the priorities that best serve our interests, and achieving our goals for growth, progress, and prosperity. The key enablers of success include industrial integration, adopting joint programs and projects in strategic and vital industrial areas as well as tapping into our unique advantages, experiences, and strengths as GCC countries”.

He added “There are many measures we can adopt to help develop trade between GCC countries. These include enhancing the benefits of the Unified Economic Agreement; fully adopting the imperatives of the common Gulf market and customs union; working to expand the GCC market; finding new opportunities for exports; and encouraging the private sector to establish profitably, value add projects. In addition, we should convene conferences to encourage dialogue on how to enhance the national industries of GCC countries.”