Oman participates in GCC finance undersecretaries committee meeting

Muscat: The Sultanate of Oman participated in the 74th meeting of the Committee of GCC Undersecretaries of Ministries of Finance, held on Wednesday in Kuwait.

The Omani delegation was led by Abdullah Salim Al Harthy, Undersecretary of the Ministry of Finance.

The undersecretaries discussed several topics, including the outcomes of the meetings of the Committee of Governors of GCC Central Banks, the management of the GCC Customs Union Authority, the Committee of Heads and Directors of Tax Administrations in the GCC, and the results of the Gulf Common Market Committee meeting.

Discussions also covered updates on the technical status of the GCC free trade agreement negotiations, the signing and ratification of the GCC payments connectivity agreement, studies and projects being prepared by the Economic and Development Affairs Authority office, and the program to achieve GCC economic unity by 2025. Additionally, updates on the decisions of the 123rd meeting of the Financial and Economic Cooperation Committee were also discussed.