GCC to set up mechanism to clear customs
Jeddah, September 8, 2010
The Gulf Cooperation Council will set up electronic clearing system to resolve customs duties between Bahrain, UAE, Saudi Arabia, Kuwait, Oman and Qatar.
However, the formation of a customs union has been postponed due to differences over revenue sharing and snags in meeting rules set by World Trade Organisation, a top official said.
"We will not rush things and we will study and review at all stages," said GCC Secretary-General Abdulrahman A-Attiyah.
Al-Attiyah added that the states needed to work out procedures for the smooth passage of goods between the countries.
Kuwaiti Foreign Minister Mohammad al-Sabah highlighted the issue of sharing of tariffs, saying, “We agreed to work with the system as it exists now, and undertake an annual review, because the process is dynamic and not static.”
More Government & Laws Stories
- Alwaleed Foundation backs women in politics
- Saudi 'must name and shame corrupt officials'
- Libya's ousted PM Zeidan on way to Europe
- Bahrain set for big eGovernment forum
- Ministries under fire for 'failing to implement projects'
- Bahrain finance minister to be quizzed over irregularities
- 2 policemen hurt in Eker blast
- Libyan parliament sacks PM after tanker escape
- Saudi sets up panel on labour disputes
- Sand-dredging bill is hit by funding row
- Saudi rejects Maliki's charges on funding militants
- Independent foreign policy non-negotiable: Qatar
- Bahrain to crack down on bogus investments
- Bahrain urged to set up national plan to fight cyber crime
- Galfar ex-CEO gets 15 years' jail over bribes
- New law on family violence on the way in Bahrain
- Four blast suspects are remanded in Bahrain
- Bahrain to step up war on terror
- Norton Rose Fulbright moves London head to Dubai
- DSG ‘ready to implement Smart Dubai Strategy’
- Iraqi women protest new draft law
- Bahrain police 'face more danger in line of duty'
- Saudi names Brotherhood as terrorist group
- Qatar outraged over terror claims
- Bahrain PM condemns exploitation of children
- Qatar will not alter foreign policy: source
- Bahrain accuses Iran of fomenting trouble
- 'Put security before rights' in Bahrain: publisher
- 'Hizbollah trained Daih blast suspect'
- Key terror blast suspects named in Bahrain