Page 9 - GCC Citizens in the UAE 2017

06 GCC Citizens in the UAE 07 GCC Citizens in the UAE
Annual Statistical Report on Joint GCC Economic Action - 2017
Annual Statistical Report on Joint GCC Economic Action - 2017

Foreword by His Excellency Obaid Humaid Al Tayer Brief on the Role of the Ministry of Finance

Minister of State for Financial Affairs in the Gulf Joint Economic Activity

The UAE, under the leadership of His Highness to develop strategic forward-looking plans, follow- The Ministry of Finance works through the GCC Joint Ministry of Finance has continued its diligent efforts
Sheikh Khalifa bin Zayed Al Nahyan, President of up implementation of GCC economic integration Economic Action System. Tasks are entrusted to it by holding awareness gatherings on topics related
the United Arab Emirates and His Highness Sheikh projects, in addition, implement laws issued by the by the Council of Ministers to supervise and follow to Gulf financial and economic integration that
Mohammed bin Rashid Al Maktoum, Vice President Gulf Cooperation Council. up the stages of the GCC economic integration include, the GCC Common Market, Customs Union
and Prime Minister of the UAE and Ruler of Dubai, is process, the implementation of the unified economic and other joint projects.
keen to strengthen the foundations of common Gulf The Ministry continues to raise awareness and agreement, the functioning of the Customs Union,
action and elevate it to the highest possible level. knowledge regarding the Gulf integration issues the GCC Common Market and other economic or This awareness campaign targeted government
and its important role in activating the intra-trade financial cooperation projects. departments in the country, Emirati merchants and
The aim being, the improvement of trade and movement among member states, as well as its investors, UAE nationals and GCC citizens residents
investment atmosphere in the region, promotion of positive repercussions for both institutions and The Ministry represents the UAE in GCC Financial in the UAE.
inter-states trade, boosting the competitiveness of individuals alike, as it represents an economic bloc and Economic Cooperation Committee .It also acts
Gulf industries and establishing the Gulf unity as an based on the principles of mutual cooperation and on its behalf in monitoring the economic regulations The campaign waged by the ministry has also
influential economic force in the face of changes economic citizenship. and draft agreements and participates in economic included sending awareness messages about Gulf
and challenges in the global economy. dialogues and free trade agreements between the citizenship and the Gulf Common Market through
The outcomes obtained by the country, which are GCC countries and other economic blocs. brochures and videos posted on social networks.
The Ministry of Finance is committed to abide by mentioned in the statistical reports, have come
the principles of GCC economic integration and to confirm the correct choice of approach by the The Ministry also takes part in the preparation The Ministry of Finance has also created an
the strategic role played by the UAE in achieving Ministry. of economic studies and statistical reports that application known as «GCC-TAKAML» to receive
the highest degree of economic integration as one support decision-makers and presents proposals complaints and obstacles related to the Customs
of the main pivots of the joint action and common They have also shown the efforts exerted by the for integrated economic projects that will enhance Union and the GCC Common Market. The Ministry
work approach. The Ministry also undertakes the Ministry and the various relevant governmental the Gulf economic and financial integration between of Finance is going ahead with its constant work on
implementation of the provisions of the unified bodies to promote the framework of GCC economic the UAE on one hand, and the GCC states on the a yearly basis to deepen Gulf economic integration
economic agreement, and the Joint Economic integration, represented in maintaining the position other. and achieve positive results in accordance with the
Action Plan, as well as supervision of related of the UAE as a leading investment destination for adopted strategy.
projects. the citizens of the Gulf Cooperation Council states. Moreover, the Ministry has an active role in
developing the Gulf economic action and
The ministry had created the Cooperation Council strengthening economic ties to achieve unity and
for the Arab States of the Gulf Affairs Department economic integration. Along this line of action, the
to form a specialized work cell whose mission is