9 erring body care centers shut in Riyadh    20,000 military emblems confiscated in Riyadh    Al-Samaani visits headquarters of Hague Conference on Private International Law    KSrelief provided over $7bln to support children around the world    Al-Jasser: Saudi Arabia to expand rail network to over 8,000 km    OMODA&JAECOO: Unstoppable global cumulative sales over 360,000 units    Saudi Arabia sees 73.7% rise in investment licenses in Q3 2024    Al Hilal doesn't need extra support to bring new players, CEO says    Rust premieres at low-key film festival three years after shooting    Fate of Gaetz ethics report uncertain after congressional panel deadlocked    Ukraine fires UK-supplied Storm Shadow missiles at Russia for first time    Netanyahu offers $5 million and safe passage out of Gaza to anyone returning a hostage    Indian billionaire Gautam Adani indicted in New York on fraud charges    Rafael Nadal: Farewell to the 'King of Clay'    Indonesia shocks Saudi Arabia with 2-0 victory in AFC Asian Qualifiers    Sitting too much linked to heart disease –– even if you work out    Yemeni Orchestra's captivating performances in Riyadh, showcasing shared cultural legacies    Future of Ronaldo's Al Nassr contract remains undecided, says Saudi Pro League CEO    GASTAT report: 45.1% of Saudis are overweight    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



GCC and Central Asian states share common interests, enjoy historical relations
Published in The Saudi Gazette on 19 - 07 - 2023

The Gulf Cooperation Council (GCC) countries and the Central Asian countries (C5) — Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan — all member countries of the Organization of Islamic Cooperation, have shared values and historical ties, and possess significant oil and gas resources that qualify them to play an influential role in global energy security.
The Kingdom's hosting of the GCC-Central Asia Summit reflects its keenness to boost existing relations, in conjunction with the GCC. It also reflects the interest of Custodian of the Two Holy Mosques King Salman and Crown Prince Mohammed bin Salman in developing relations between the GCC and C5 and increasing coordination between them on issues of common interest.
The fact that the GCC-C5 Summit is held in the Kingdom is testimony to the participating countries' appreciation of the status of the Kingdom at the Gulf, Islamic and international levels, and their commitment to establishing a strategic partnership based on a common action plan for political and security dialogue, and economic cooperation and investment.
The first-of-its-kind summit reflects the keenness of the GCC countries, mainly Saudi Arabia, to establish partnerships with the international community to enhance the global status of the GCC.
The GCC secretary-general held the first high-level meeting with the ministers of foreign affairs of C5 countries in the Kazakh capital, Astana, on October 12, 2021; Bahraini Minister of Foreign Affairs Dr. Abdullatif bin Rashid Al-Zayani participated in it. The meeting highlighted the importance of the C5 region for GCC countries and the desire to start a strategic dialogue with it.
Participants in the high-level ministerial meeting have stressed the importance of Gulf-Central Asian countries' relations and their aspiration to boost cooperation and coordination in areas of common interest, bolster bridges of communication and work to seize opportunities and develop processes of coordination and cooperation.
The First Ministerial Meeting of the GCC-Central Asia Strategic Dialogue was held in Riyadh on September 07, 2022. Chaired by Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah, the goal was to develop relations with a view to achieving common interests.
The ministers affirmed their commitment to establishing a strong and ambitious partnership among their countries, based on common values and interests, deep historical ties between the peoples, and the existing cooperation at bilateral and multilateral levels.
They also reaffirmed commitment to previously agreed-upon cooperation to support global economic recovery efforts and address the COVID-19 repercussions, help supply chains recover, support transportation and communication, food, energy and water security, develop green energy sources and technologies, address environmental challenges and climate change, education, and exchange of best practices and expertise in various fields, create business opportunities and support investments through appropriate business and investment mechanisms.
Moreover, the ministers underlined the relevance of the principles, goals and priorities stated in the context of Central Asian countries interaction, adopted by the heads of Central Asia states on July 21, 2022, in Cholpon Ata, Kyrgyzstan, and the GCC decision to establish cooperation with Central Asian countries.
To achieve their goals, the ministers endorsed the Joint Action Plan for Strategic Dialogue and Cooperation between Central Asian countries and the GCC States for the period 2023-2027, including political and security dialogue, economic and investment cooperation, enhancing people-to-people contacts, and developing effective partnerships between business sectors in the GCC and Central Asia. The ministers also pledged to take the measures necessary for the proper implementation of the plan at bilateral and multilateral levels.
In terms of trade, the value of exchange between the GCC and Central Asia countries amounted to $3.1 billion in 2021, about 0.27% of the total value of the GCC merchandise trade.
The value of GCC exports to Central Asia amounted to $2.06 billion in 2021, while imports amounted to $1.03 billion.
The maximum rate of merchandise exports from the GCC to Central Asia reached 0.37% in 2020, while the maximum rate of merchandise imported by the GCC reached 0.21% in 2021.
Electrical machinery and appliances constituted the major goods exported to Central Asia, at a value of $0.98 billion, about 47.6% of the total volume of goods exported by the GCC to Central Asia, which amounted to $2.06 billion.
Copper and its by-products constituted the major commodity imported from Central Asia, at a value of $0.45 billion in 2021, or about 43.7% of the total commodity imports from Central Asia, followed by gold, precious metals and stones, and iron and steel, at about 24.3% each. — SPA


Clic here to read the story from its source.