GCC Financial Cooperation Committee Reviews Customs Union Progress

The Financial and Economic Cooperation Committee of the Gulf Cooperation Council member states reviewed a range of topics aimed at promoting financial and economic cooperation among the six GCC countries at its 125th meeting, held virtually.

Topping the meeting agenda was a review of progress achieved in the GCC customs union process, alongside the adoption of an action plan for the Common GCC Market Committee for the 2026-2028 period, and a discussion of guidelines for GCC member state participation in international events and forums.

Bahraini Minister of Finance and National Economy Sheikh Salman Al Khalifa chaired the meeting, with participation from finance ministers of the GCC member states and the Secretary General, while Saudi Arabia's Finance Minister Mohammed Al-Jadaan led the Kingdom's delegation.

The meeting also addressed current regional developments and their potential implications for the economies of the Gulf states, as well as ways to strengthen joint coordination in addressing them in the interest of the GCC system.