The Fourth Trade and Investment Dialogue between the Cooperation Council and the European Union

Yesterday, the fourth trade and investment dialogue between the GCC and the European Union was held at the European Commission headquarters in the Belgian capital, Brussels, to discuss the new developments in trade and investment exchange between the two sides, in light of continuing efforts to deal with the (Covid-19) pandemic and its economic repercussions, and developments in the political situation. in the European Union.

The meeting was chaired by the Gulf Cooperation Council Assistant Secretary for Political Affairs and Negotiations, Dr. Abdulaziz bin Hamad Al-Owaisheq, and by the European Union Director-General in charge of the General Directorate of Trade at the European Commission Leon Delvax, in the presence of the Head of the Cooperation Council Mission to the European Union in Brussels, Ambassador Youssef Khalifa Al-Sada.

A number of experts and specialists from the member states of the Cooperation Council, the General Secretariat of the Gulf Cooperation Council, the Gulf Standardization Organization, the Gulf Statistical Center, the Federation of Gulf Cooperation Council Chambers, the Office of the Technical Secretariat to Combat Harmful Practices, the Intellectual Property Training Center, and experts and specialists from the European Union participated in the dialogue. From the European Commission, the External Action Service and the European Business Confederation.

The two sides discussed trade and investment issues and the future of trade and investment cooperation, in addition to the regulatory aspects and commercial laws, raising the level of sharing experiences and developments between the two sides, benefiting from the European Union’s experience in determining specifications and standards in goods, and improving cooperation between the two parties in these areas.

The meeting shed light on investment policies in the European Union and the Cooperation Council for the Arab States of the Gulf, and investment priorities, with the aim of strengthening relations and cooperation, creating investment opportunities, and enhancing trade and investment exchange between the two sides in light of economic diversification programs.


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