08/05/2014
Assigning some stations to prepare studies on the application
Gulf States remove the holding points in front of the Customs Union
The GCC agreed today to resolve differences hindering the establishment for another of the Customs Union, in particular the issue of the sharing of customs revenues. The GCC leaders have identified early 2015 as the date for application of the Customs Union, which was originally scheduled for 2003, but to apply it repeatedly while solving the remaining problems. According to Reuters, Anas Alsaleh Kuwait Finance Minister said that the GCC ministers agreed on all the points that hinder the achievement of a Customs Union among the GCC States, adding that it was agreed to assign some studies on this subject.
Alsaleh ' thankfully agreed to all the points that were not understood. Now understanding became clear between them '. It was the Gulf Customs Union launched in 2003 amid glowing praise from officials as an important achievement in the face of claims by critics who said the Gulf bloc will not be able to achieve economic integration in the largest oil-exporting region in the world, but the disagreements have delayed an agreement on a permanent system for the distribution of customs revenue in the GCC.
Alsaleh called the Gulf Cooperation Council in his opening concessions to advance the achievement of the GCC Customs Union, in response to a question about whether the Ministers had agreed on mechanisms for the distribution of customs revenue, one of the main obstacles in the Customs Union, he said the Ministers saw the interest over the public interest, and that there is agreement on this mechanism, the mechanism of distribution selection mechanism, the Secretariat prepare studies so the image is clearer. Alsaleh said he was considering many items that were pending, and thankfully it was agreed between States in the coordination of customs procedures and Customs Union, agreed on the need for economic integration. Alsaleh ' said both safety and pleasure I am happy to say that there is consensus on the agenda items, the meeting is not only an absolute understanding, and all the Secretariat's cooperation is gratifying.
And Kuwaiti Finance Minister made the remarks on the sidelines of the meeting involving the Saudi delegation led by Dr. Ibrahim Abdulaziz Al-Assaf, Finance Minister Saleh Alkhlewi General Customs Director, Dr. Suleiman bin Mohammed Alturkeu Undersecretary for international finance. Earlier, officials said the Gulf Cooperation Council that the regional trade center are not satisfied with a share of revenue proposed by the General Secretariat of the Council, but some noted that the biggest obstacle of eliminating red tape at border crossings. Besides Saudi Arabia and the United Arab Emirates largest economies of the GCC Customs Union also includes Kuwait, Qatar, Oman and Bahrain. And GCC attempts suffered over three decades to simulate the economic integration of the EU and Monetary Union project crashes regional competition between Riyadh and Abu Dhabi. Abd al-Latif Al-Zayani, Secretary General of the cooperation Council said in his opening speech that access to the final status of the Customs Union to remove tariff and non-tariff barriers to the transmission of national and foreign goods between Member States Goal of Council States to achieve since 2003. Zaini said that GCC leaders decided in December 2011 in Saudi Arabia set up a Customs Union and directed that the Commission agree on the points in its functions by the consultative meeting of the Supreme Council in 2014 to reach the final status of the Customs Union on 1 January 2015. He noted that the Commission's responsibility is to overcome barriers to the achievement of the Customs Union and activate the resolutions of the GCC common market according to guide leaders to achieve the hopes and aspirations of the citizens Council and deal efficiently with the latest developments of regional and international. And Ziani said that reaching the final status of the Customs Union to remove tariff and non-tariff barriers to the movement of goods between Member States while keeping oversight on both security and the quarantine ' implementation of the economic agreement to seek Council States to achieve since 2003.
The meeting reviewed a number of topics including study of deepening economic integration among Member States, as well as a review of the recommendations of the Committee of Secretaries of finance and economy in the GCC States at its 43rd and 44th meetings on special teams, and other functional commissions of the Committee. Zaini said that among the topics on the agenda of the current updating of the requirements of the Customs Union and the Statute of the Tribunal and the recommendations of the Commission on the Gulf common market and bring benefits and incentives for the private sector in the GCC States, in addition to the discussion of the draft program of action and the environmental partnership with the World Bank.
