(MENAFN- The Peninsula)
By Deepak John | The Peninsula
Doha: Qatar Chamber (QC) supports the efforts to achieve integration and boost cooperation among member chambers for the benefit of Gulf economy. This has stemmed out from the support of Qatar for the Gulf joint action to achieve the economic integration between GCC states, said Qatar Chamber General Manager Saleh bin Hamad Al Sharqi.
He was addressing the 50th meeting of the Executive Committee of the Federation of the Gulf Cooperation Council Chambers (FGCCC). The high-profile meeting witnessed participation of chief executives and directors of unions and chambers of GCC States. The meeting was hosted by Qatar Chamber at the Sheraton Hotel on Thursday.
The meeting was chaired by Qatar Chamber General Manager Saleh bin Hamad Al Sharqi and was attended by FGCCC Secretary-General Dr Saud bin Abdulaziz Al Mishari.
Speaking at the meeting, Saleh Al Sharqi welcomed all participants and visitors. He said that the meeting would achieve its desirable objectives that are derived from the Committee's main objectives, foremost of which is the activation of the Committee's role in the FGCCC General Secretariat work program.
Dr Saud bin Abdulaziz Al Mishari thanked Qatar Chamber for hosting the meeting and the generous hospitality. The meeting endorsed the minutes of the 49th meeting and reviewed the recommendations of the 49th meeting of the committee held on March 1, 2021, and a proposal submitted by Oman Chamber of Commerce and Industry regarding the activation of sectorial committees among the member states. It also reviewed a feasible study and expected expenses of the FGCCC's new headquarters and a draft work programme of the FGCCC General Secretariat and the estimated budget for the year 2022.
The Committee discussed the draft agenda of the 56th meeting of the Federation and the 51st meeting of the Executive Committee. It also was agreed on recommendations related to these topics in order to be raised to the FGCCC Council. The committee members also agreed that the 51st meeting of the Executive Committee will be held on February 17, 2022, in Al Khobar, KSA. The executive committee of the FGCCC consists of directors and executives of members unions and chambers of the GCC states.
The FGCCC was established in 1979 with the primary objective of supporting the six GCC national chamber members. It aims to represent the Gulf private sector at the GCC ministerial and technical committees, coordinate with the General Secretariat of the GCC on matters related to the Gulf private sector, organize events that involve cooperation between member chambers and the GCC General Secretariat and Gulf, Arab and international organizations, encourage foreign companies to invest in GCC states, support small and medium-sized enterprises and businessmen, publish directories, magazines, leaflets, and other publications, prepare training programs to improve the performance of the private sector, undertake studies and working papers that relate to the Gulf economy, mediate in the settlement of trade disputes, and propose laws and regulations related to the private sector to the concerned authorities.
The aims of FGCC Chambers are - enhance the private sector's role in the achieving economic integration between GCC states; coordinate between member chambers and supporting them as the main representative of the business community; provide specialized high value services in the area of studies, information, training, issue of publications and directories, organizing events and exhibitions and other services; and intensify the integration of the Gulf private sector into the global economy.
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