QATAR TAKES PART IN GCC FINANCIAL AND ECONOMIC COOPERATION COMMITTEE’S 106TH MEETING

Doha, – A delegation of the State of Qatar, led by HE the Minister of Finance Ali Shareef Al Emadi, took part in the 106th meeting of the Committee for Financial and Economic Cooperation of Gulf Cooperation Council (GCC) for Arab States hosted by the Kingdom of Bahrain.

According to a statement of the Ministry of Finance on Saturday, the meeting discussed the conclusions of the technical committees related to the development of appropriate mechanisms for the application of the two unified conventions on a value added tax and selective taxation signed by member states in preparation for their implementation in the coming period in the GCC countries.

The meeting also reviewed the recommendations of the Committee of Governors of Monetary Institutions and Central Banks of the GCC States on the linkage of payment systems in the GCC countries, and the Customs Union Authority regarding updating of the requirements of the GCC Customs Union.

Participants were also briefed on minutes of Committee of Governors of Monetary Institutions and Central Banks of the GCC States and control measures proposed by the Industrial Cooperation Committee on exempting industrial inputs from the GCC countries from customs taxes, discussing the working paper on ways to enhance economic cooperation between member States and issues to be included in working papers prepared by the IMF during the annual joint meeting scheduled to be held in the Kingdom of Bahrain in October. (QNA)

Source: Qatar News Agency