King Salman orders extension of Citizen's Account Program and additional support for a full year    Al-Falih: 1,238 foreign investors obtain premium residency in Saudi Arabia    Irish PM apologizes for walking away from care worker    Several dead as Storm Bert wreaks havoc across Britain    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Ukraine losing ground in Russia's Kursk region, says military source    Hezbollah fires rocket barrages into Israel after deadly Beirut strikes    Al Ittihad claims top spot in Saudi Pro League after victory over Al Fateh    Do cigarettes belong in a museum?    Saudi Arabia allows licensed flour milling companies to export flour    Saudi Arabia joins international partnership initiative to boost hydrogen economy    With 25 million monthly active users, Snap Inc. expands presence in Saudi Arabia to serve thriving community of creators, partners and clients    Riyadh Emir inaugurates International Conference on Conjoined Twins in Riyadh    Saudi delegation participates in the 7th U20 Deans Summit in Brazil    Saudi Arabia to host 28th Annual World Investment Conference in Riyadh    Al Khaleej stuns Al Hilal with 3-2 victory, ending 57-match unbeaten run    Al Khaleej qualifies for Asian Men's Club League Handball Championship final    Katy Perry v Katie Perry: Singer wins right to use name in Australia    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 summit to consider joint market proposals
FAHEEM AL-HAMID & JAMAAL AL-MAJAYDA
Published in The Saudi Gazette on 06 - 12 - 2010

JEDDAH/ABU DHABI: The 31st meeting of the Gulf Cooperation Council's (GCC) Supreme Council will convene today amid a number of security, political and economic challenges affecting the Arab world, topped by the continuous blockade and aggression against the Palestinian people by Israel.
Other topics on the agenda include developments in Lebanon and Iraq, the future of Iran and GCC relations and Tehran's occupation of the United Arab Emirates' (UAE) three islands. Leaders at the two-day summit will also discuss a recommendation to allow companies to open branches in each member state and have the same protection and benefits as local companies.
This proposal is part of broader discussions taking place on GCC economic integration, said Abdul Rahman Bin Hamad Al-Attiya, Secretary General of the GCC.
If implemented, it will help expand the joint market and ease the transfer of commodities and services between GCC countries.
Al-Attiya said the GCC Secretariat General is working with member countries to overcome obstacles in their respective government and private sectors. Other key aspects of economic integration are a free trade zone, and the Customs Union that was announced in January 2003.
The joint GCC market includes a number of areas defined by the economic treaty, including transportation, residency, work in government and private sectors, social insurance and pension benefits, practice of handicrafts, investment and services activities, owning real estate, transfer of capital, buying and selling shares, setting up companies, and benefiting from education, health and social services, he said.
He said the Supreme Council has approved extending insurance and pension benefits to GCC citizens in whichever member country they work. This will ease the movement of labor between member countries, Al-Attiya added.
Abdullah Bin Zayed Al Nahyan, the UAE's Minister of Foreign Affairs, said the UAE has completed all preparations to host the GCC leaders, and is keen to ensure the Abu Dhabi summit is a success.
He said the region is going through sensitive and complicated political changes; and communication, consultation and coordination is necessary, taking into account regional and international conditions.
Sheikh Khalifa Bin Zayed Al Nahyan, the Emir of the UAE, delivers the opening speech today. Al-Attiya, then delivers a speech reviewing the council's accomplishments over previous years.
Diplomatic sources said the final Abu Dhabi Declaration will welcome US President Barack Obama's efforts to support the peace progress in the Mideast, and the US administration's commitment to establish an independent Palestinian state in any final peace treaty between the Israelis and Palestinians. The sources added the declaration will also include condemnation of Israel's abusive actions towards the Palestinian people.
The sources did not rule out the declaration containing support for the Palestinian Authority seeking UN recognition of the Palestinian state, with Al-Quds as its capital.
The summit will also announce the GCC's continued support of Lebanon's political, security and economic stability; and resolution of differences through dialogue.
The declaration is expected to laud the historic visit of King Abdullah, Custodian of the Two Holy Mosques, and Syrian President Bashar Al-Assad to Lebanon, in support of national reconciliation and internal stability in Lebanon.


Clic here to read the story from its source.