4/28/2010 Kuwait to head 33rd GCC financial meeting in Riyadh
KUWAIT, Kuwait will preside over the 33rd meeting of the committee of GCC ministries of finance and economy due in Riyadh on Thursday, the Kuwaiti Ministry of Finance said here Wednesday.
The meeting, which will be headed by Undersecretary of the Kuwaiti Ministry of Finance and Kuwaiti Delegation Khalifa Hamada, will thrash out several issues pertinent to the economic conditions in the GCC member states, it said in a release.
A Qatari suggestion aiming to reactivate the economic role of the GCC and to complete the requirements of the Gulf customs union and joint investment in education and health is to be on the agenda of the gathering, it added.
The GCC financial undersecretaries will also follow up on earlier economic resolutions made by the GCC Supreme Council, the ministry pointed out.
A Bahraini overture purposed to establish a special fund for supporting financial and economic stability in the Gulf region, and to create another multilateral fund for remedying environmental problems in the GCC countries, is to be figuring out on the agenda, it said.
Furthermore, Kuwait's proposal exempting imported cement and reinforcing iron from customs tariffs due to their surging prices over the recent period will be discussed, according to the release.
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