Ministers of Commerce and Industry of the Gulf Cooperation Council (GCC) held the 39th meeting for the GCC Commercial Cooperation Committee and the 28th meeting for the Industrial Cooperation Committee under the chairmanship of Sheikh Fahd bin Jasem Al Thani, Minister of Business and Commerce of Qatar, the president of the current session. In a statement following the meeting, Assistant Secretary General for Economic Affairs at the Secretariat General of the GCC Mohammed bin Obeid Al-Mazroo'e said the ministers approved a proposal to address the companies and authorities specialized in agricultural investment to conduct a feasibility study for a project aiming at curbing the current foodstuffs price hikes and provide food security for the GCC member countries. According to the proposal, the GCC countries would collectively invest in agricultural projects that would provide food security for their people and bring down the food price fever of today. Al-Mazroo'e said the ministers issued instructions to the Secretariat General to address the specialized authorities and companies, citing the Arab Commission for Agricultural Investment and the Gulf Investment Foundation. He said the proposal presented by the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud to accelerate performance and eradicate obstacles impeding the joint march action of the GCC countries has received great attention of the conferees and was subject to a thorough discussion among the ministers who called for positive dealing with it in a way that guarantees its complete implementation.
