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Gulf Meeting Reviews Challenges of Economic Integration

Meeting of the Preparatory Committee of the GCC Economic and Development Affairs Authority in Salalah, Sultanate of Oman (Omani News)
Meeting of the Preparatory Committee of the GCC Economic and Development Affairs Authority in Salalah, Sultanate of Oman (Omani News)
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Gulf Meeting Reviews Challenges of Economic Integration

Meeting of the Preparatory Committee of the GCC Economic and Development Affairs Authority in Salalah, Sultanate of Oman (Omani News)
Meeting of the Preparatory Committee of the GCC Economic and Development Affairs Authority in Salalah, Sultanate of Oman (Omani News)

An economic gathering held in Salalah, in the Sultanate of Oman on Wednesday, discussed key challenges and opportunities in economic integration between the countries of the Gulf Cooperation Council.

The permanent ministerial preparatory committee of the GCC Economic and Development Affairs Authority held its fifth meeting to review the decisions issued by the GCC Supreme Council in its 43rd session, which was held in December 2022, on achieving economic unity.

Omani Minister of Economy Said bin Mohammed Al-Saqri said that intra-regional exports in the GCC countries rose by 13.4 percent to reach $83.4 billion in 2021, compared to $73.5 billion in 2020.

Al-Saqri, who chaired the meeting, pointed to the ongoing efforts to develop cooperation, coordination and integration among member states, stressing that the economies of the GCC countries witnessed further improvement and recovery and were able to contain the inflationary pressures that worsened around the world during the year 2022.

The meeting discussed the latest developments in the action plan for building the Gulf economic model and its mechanism, and the proposed timetable for its implementation.

Meeting of the Gulf Trade and Industry Undersecretaries

Also on Wednesday, Salalah hosted the 57th preparatory meeting of the undersecretaries of the ministries of commerce, and the 43rd preparatory meeting of the undersecretaries of the ministries of industry for the Gulf Cooperation Council countries, headed by Dr. Saleh bin Said Masan, Undersecretary of the Omani Ministry of Commerce, Industry and Investment Promotion for Trade and Industry.

Participants discussed the main challenges facing intra-trade between the GCC countries and reviewed developments in trade laws, as well as the means to facilitate trade exchange.

The undersecretaries of the GCC ministries of industry focused on finding a unified definition for the Gulf national product and its standards, and the executive regulations for the Unified Industrial Regulation Law system, in addition to addressing the challenges facing the sector.

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World Trade Chief Says Global Free Trade is in a 'Crisis'

World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala (L) meets with Japan's Prime Minister Shigeru Ishiba at the latter's office in Tokyo on May 13, 2025. (Photo by Kazuhiro NOGI / POOL / AFP)
World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala (L) meets with Japan's Prime Minister Shigeru Ishiba at the latter's office in Tokyo on May 13, 2025. (Photo by Kazuhiro NOGI / POOL / AFP)
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World Trade Chief Says Global Free Trade is in a 'Crisis'

World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala (L) meets with Japan's Prime Minister Shigeru Ishiba at the latter's office in Tokyo on May 13, 2025. (Photo by Kazuhiro NOGI / POOL / AFP)
World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala (L) meets with Japan's Prime Minister Shigeru Ishiba at the latter's office in Tokyo on May 13, 2025. (Photo by Kazuhiro NOGI / POOL / AFP)

Global free trade is in crisis, the head of the World Trade Organization chief said Tuesday while meeting Japanese Prime Minister Shigaru Ishiba on Tuesday.

Ngozi Okonjo-Iweala, director-general of the World Trade Organization, told Ishiba that she has high expectations for Japan as a champion of open markets as US President Donald Trump disrupts world commerce with his fast-changing tariffs and other policies.

“Trade is facing very challenging times right now and it is quite difficult,” she said, according to The Associated Press. “We should try to use this crisis as an opportunity to solve the challenges we have and take advantage of new trends in trade.”

Japan, as “a champion of the multilateral trading system” must help maintain, strengthen and reform the WTO, the Japanese Foreign Ministry cited her as saying.
They met a day after the United States and China said they had agreed to slash recent sky- high tariffs for 90 days to allow time for negotiations.

Japan is among many countries yet to reach a deal with the Trump administration on hikes to US tariffs, including those on autos, steel and aluminum.

The WTO played a pivotal role in past decades as the US and other major economies championed the trade liberalization that facilitated the growth of global supply chains, many of which are anchored in China.

By dismantling many protectionist barriers to trade, it has aided the ascent of Japan and China, and many other countries, as export manufacturing hubs.

Since taking office for a second time, Trump has prioritized higher tariffs to try to reduce US imports and compel companies to locate factories in the United States, doubling down on a trade war that he launched during his first term.

The two leaders agreed that WTO member countries should unite to restore the organization's capacity to address challenges.

Okonjo-Iwaela was visiting Japan to strengthen cooperation between Japan and the WTO to maintain and reinforce the multilateral trading system, Japanese officials said.