Tuesday, December 20, 2011Saudi Arabia: Saudi initiative will enhance the competitiveness of the GCC
The Secretary-General of the Council of Saudi Chambers that the initiative of the Custodian of the Two Holy will enhance the competitiveness of the Gulf Cooperation Council (GCC).
Riyadh: noted the Secretary-General of the Council of Saudi Chambers, Dr. Fahad Al-Sultan initiative of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud and his call to his brothers, the leaders of the Cooperation Council for the Arab Gulf states at a summit that concluded today in Riyadh for the transition from cooperation to the Union, stressing that this will contribute to the promotion of strength of the economies of the GCC countries in general and will work to enhance the competitiveness of the private sector in particular.
Dr. Fahad Al-Sultan said in a statement to Saudi Press Agency, commenting on the decision of the leaders of the Gulf Cooperation Council to adopt the initiative of Custodian of the Two Holy Mosques in the transition to an entity Gulf and one moves the GCC countries from the stage of cooperation to the Union as a predictor of the vision of the Kingdom of His reality and the future of the global economy in light of the challenges regional and international facing the countries and peoples of the GCC.
The Secretary-General of the Council of Saudi Chambers to guide the leaders of the Ministerial Council to form a specialized body to be selected by the Member States by 3 members of each state is mandated to study the proposals in all its aspects in the light of the views that are exchanged between the leaders and the meetings of the headquarters of the Secretariat and provide all the requirements of the potential administrative, technical and financial by the General Secretariat is a confirmation of the unity of determination among the GCC countries.
It made Dr. Fahad Al-Sultan, the timing of this initiative in light of the current global political and economic confirm the extent of that enjoyed by the Custodian of the Two Holy Mosques of prudence and foresight and stresses at the same time follow-up minutes at the suffering of the world economy from damage as a result of financial crises that befell him as keen Custodian of the Two Holy Mosques to spare the region's countries and peoples of the consequences of these international crises.
And saw Dr. Fahad Al-Sultan, the timing of the initiative was important to the observer in the economic terms is the culmination of the efforts of their Majesties and Highnesses the leaders of the Council over the past three decades since the establishment of the Council and to date and confirms the validity of this approach complementary and Federal among the States of the Council that he would work to strengthen the economic position in the regional and international spheres.
He expressed confidence that, if achieved, the initiative in the transition from cooperation to Union Gulf in all levels of economic and political, it will make a major move in the march of peoples and countries of the Cooperation Council for the Arab Gulf States, pointing out that the private sector in the economic dimension will be the biggest beneficiary Unity of the Great Gulf.
"I'm sure that if the leaders adopted the Cooperation Council for the Arab Gulf States that the proposed al-Hakim of the Custodian of the Two Holy Mosques, it will strengthen the position of regional and international Cooperation Council states in the map of the international economy of the Gulf states combined in the position of a unified economic force everyone to respect and deal with".
According to the Secretary General of the Council of Saudi Chambers, Dr. Fahad Al-Sultan at the end of his statement of "SPA" that the private sector will be the biggest beneficiary of the Union Gulf demonstrating that that the volume of bilateral trade between the countries of the Council not exceeding 6% of the volume of trade with the world while it is in the European Union 54% which will contribute to the recovery of the economies of the Gulf Cooperation Council in the event it was agreed on the establishment of the GCC will also promote integration among projects, trends and visions of the economic value of the Gulf and enhance the competitiveness of clusters and the major powers in the world.
He stressed that the time has come to unite the GCC countries in political and economic entity has been particularly significant in light of the common denominators between the countries and peoples of the GCC and that it therefore has an economic interest and big business will Bnfha to GCC nationals.
link
